Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(7.65%)	$9,141,750
Net Lumpsum Payment	$66,182,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$294,759	$2,172,336
2	$4,045,824	-$1,457,285 -$309,506	$2,279,033
3	$4,248,064	-$1,532,114 -$324,977	$2,390,973
4	$4,460,544	-$1,610,732 -$341,232	$2,508,580
5	$4,683,520	-$1,693,233 -$358,289	$2,631,998
6	$4,917,760	-$1,779,902 -$376,209	$2,761,649
7	$5,163,520	-$1,870,833 -$395,009	$2,897,678
8	$5,421,824	-$1,966,405 -$414,770	$3,040,649
9	$5,692,928	-$2,066,714 -$435,509	$3,190,705
10	$5,977,600	-$2,172,042 -$457,286	$3,348,272
11	$6,276,352	-$2,282,581 -$480,141	$3,513,630
12	$6,590,208	-$2,398,707 -$504,151	$3,687,350
13	$6,919,680	-$2,520,612 -$529,356	$3,869,712
14	$7,265,792	-$2,648,673 -$555,833	$4,061,286
15	$7,629,056	-$2,783,081 -$583,623	$4,262,352
16	$8,010,496	-$2,924,214 -$612,803	$4,473,479
17	$8,410,880	-$3,072,356 -$643,432	$4,695,092
18	$8,831,488	-$3,227,981 -$675,609	$4,927,898
19	$9,273,088	-$3,391,373 -$709,391	$5,172,324
20	$9,736,704	-$3,562,911 -$744,858	$5,428,935
21	$10,223,616	-$3,743,068 -$782,107	$5,698,441
22	$10,734,848	-$3,932,224 -$821,216	$5,981,408
23	$11,271,424	-$4,130,757 -$862,264	$6,278,403
24	$11,835,136	-$4,339,331 -$905,388	$6,590,417
25	$12,426,752	-$4,558,229 -$950,647	$6,917,876
26	$13,048,320	-$4,788,209 -$998,196	$7,261,915
27	$13,700,608	-$5,029,555 -$1,048,097	$7,622,956
28	$14,385,664	-$5,283,026 -$1,100,503	$8,002,135
29	$15,105,024	-$5,549,189 -$1,155,534	$8,400,301
30	$15,860,224	-$5,828,613 -$1,213,307	$8,818,304