Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Wisconsin, your state will take 7.65% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wisconsin MEGA Millions Jackpot/Cash Option for Tue Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(7.65%)	$11,765,700
Net Lumpsum Payment	$85,167,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$398,385	$2,922,102
2	$5,468,184	-$1,983,558 -$418,316	$3,066,310
3	$5,741,524	-$2,084,694 -$439,227	$3,217,603
4	$6,028,704	-$2,190,951 -$461,196	$3,376,557
5	$6,330,070	-$2,302,456 -$484,250	$3,543,364
6	$6,646,660	-$2,419,595 -$508,469	$3,718,596
7	$6,978,820	-$2,542,494 -$533,880	$3,902,446
8	$7,327,934	-$2,671,666 -$560,587	$4,095,681
9	$7,694,348	-$2,807,239 -$588,618	$4,298,491
10	$8,079,100	-$2,949,597 -$618,051	$4,511,452
11	$8,482,882	-$3,098,997 -$648,940	$4,734,945
12	$8,907,078	-$3,255,949 -$681,391	$4,969,738
13	$9,352,380	-$3,420,711 -$715,457	$5,216,212
14	$9,820,172	-$3,593,794 -$751,243	$5,475,135
15	$10,311,146	-$3,775,454 -$788,803	$5,746,889
16	$10,826,686	-$3,966,204 -$828,241	$6,032,241
17	$11,367,830	-$4,166,427 -$869,639	$6,331,764
18	$11,936,308	-$4,376,764 -$913,128	$6,646,416
19	$12,533,158	-$4,597,599 -$958,787	$6,976,772
20	$13,159,764	-$4,829,443 -$1,006,722	$7,323,599
21	$13,817,856	-$5,072,937 -$1,057,066	$7,687,853
22	$14,508,818	-$5,328,593 -$1,109,925	$8,070,300
23	$15,234,034	-$5,596,923 -$1,165,404	$8,471,707
24	$15,995,926	-$5,878,823 -$1,223,688	$8,893,415
25	$16,795,532	-$6,174,677 -$1,284,858	$9,335,997
26	$17,635,620	-$6,485,510 -$1,349,125	$9,800,985
27	$18,517,228	-$6,811,705 -$1,416,568	$10,288,955
28	$19,443,124	-$7,154,286 -$1,487,399	$10,801,439
29	$20,415,384	-$7,514,022 -$1,561,777	$11,339,585
30	$21,436,084	-$7,891,681 -$1,639,860	$11,904,543