Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(7.65%)	$10,679,400
Net Lumpsum Payment	$77,308,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$397,234	$2,913,770
2	$5,452,380	-$1,977,711 -$417,107	$3,057,562
3	$5,724,930	-$2,078,554 -$437,957	$3,208,419
4	$6,011,280	-$2,184,504 -$459,863	$3,366,913
5	$6,311,775	-$2,295,687 -$482,851	$3,533,237
6	$6,627,450	-$2,412,487 -$507,000	$3,707,963
7	$6,958,650	-$2,535,031 -$532,337	$3,891,282
8	$7,306,755	-$2,663,830 -$558,967	$4,083,958
9	$7,672,110	-$2,799,011 -$586,916	$4,286,183
10	$8,055,750	-$2,940,958 -$616,265	$4,498,527
11	$8,458,365	-$3,089,925 -$647,065	$4,721,375
12	$8,881,335	-$3,246,424 -$679,422	$4,955,489
13	$9,325,350	-$3,410,710 -$713,389	$5,201,251
14	$9,791,790	-$3,583,293 -$749,072	$5,459,425
15	$10,281,345	-$3,764,428 -$786,523	$5,730,394
16	$10,795,395	-$3,954,627 -$825,848	$6,014,920
17	$11,334,975	-$4,154,271 -$867,126	$6,313,578
18	$11,901,810	-$4,364,000 -$910,488	$6,627,322
19	$12,496,935	-$4,584,196 -$956,016	$6,956,723
20	$13,121,730	-$4,815,370 -$1,003,812	$7,302,548
21	$13,777,920	-$5,058,161 -$1,054,011	$7,665,748
22	$14,466,885	-$5,313,078 -$1,106,717	$8,047,090
23	$15,190,005	-$5,580,632 -$1,162,035	$8,447,338
24	$15,949,695	-$5,861,718 -$1,220,152	$8,867,825
25	$16,746,990	-$6,156,717 -$1,281,145	$9,309,128
26	$17,584,650	-$6,466,651 -$1,345,226	$9,772,773
27	$18,463,710	-$6,791,903 -$1,412,474	$10,259,333
28	$19,386,930	-$7,133,494 -$1,483,100	$10,770,336
29	$20,356,380	-$7,492,191 -$1,557,263	$11,306,926
30	$21,374,130	-$7,868,758 -$1,635,121	$11,870,251