Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(7.65%)	$16,141,500
Net Lumpsum Payment	$116,828,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$537,705	$3,930,119
2	$7,380,468	-$2,691,104 -$564,606	$4,124,758
3	$7,749,398	-$2,827,608 -$592,829	$4,328,961
4	$8,137,008	-$2,971,023 -$622,481	$4,543,504
5	$8,543,765	-$3,121,523 -$653,598	$4,768,644
6	$8,971,070	-$3,279,626 -$686,287	$5,005,157
7	$9,419,390	-$3,445,505 -$720,583	$5,253,302
8	$9,890,593	-$3,619,850 -$756,630	$5,514,113
9	$10,385,146	-$3,802,834 -$794,464	$5,787,848
10	$10,904,450	-$3,994,977 -$834,190	$6,075,283
11	$11,449,439	-$4,196,623 -$875,882	$6,376,934
12	$12,021,981	-$4,408,463 -$919,682	$6,693,836
13	$12,623,010	-$4,630,844 -$965,660	$7,026,506
14	$13,254,394	-$4,864,456 -$1,013,961	$7,375,977
15	$13,917,067	-$5,109,645 -$1,064,656	$7,742,766
16	$14,612,897	-$5,367,102 -$1,117,887	$8,127,908
17	$15,343,285	-$5,637,346 -$1,173,761	$8,532,178
18	$16,110,566	-$5,921,240 -$1,232,458	$8,956,868
19	$16,916,141	-$6,219,303 -$1,294,085	$9,402,753
20	$17,761,878	-$6,532,225 -$1,358,784	$9,870,869
21	$18,650,112	-$6,860,872 -$1,426,734	$10,362,506
22	$19,582,711	-$7,205,933 -$1,498,077	$10,878,701
23	$20,561,543	-$7,568,101 -$1,572,958	$11,420,484
24	$21,589,877	-$7,948,585 -$1,651,626	$11,989,666
25	$22,669,114	-$8,347,903 -$1,734,187	$12,587,024
26	$23,802,990	-$8,767,437 -$1,820,929	$13,214,624
27	$24,992,906	-$9,207,706 -$1,911,957	$13,873,243
28	$26,242,598	-$9,670,092 -$2,007,559	$14,564,947
29	$27,554,868	-$10,155,632 -$2,107,947	$15,291,289
30	$28,932,518	-$10,665,362 -$2,213,338	$16,053,818