Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(7.65%)	$5,194,350
Net Lumpsum Payment	$37,622,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$172,710	$1,289,279
2	$2,370,600	-$837,452 -$181,351	$1,351,797
3	$2,489,100	-$881,297 -$190,416	$1,417,387
4	$2,613,600	-$927,362 -$199,940	$1,486,298
5	$2,744,250	-$975,703 -$209,935	$1,558,612
6	$2,881,500	-$1,026,485 -$220,435	$1,634,580
7	$3,025,500	-$1,079,765 -$231,451	$1,714,284
8	$3,176,850	-$1,135,765 -$243,029	$1,798,056
9	$3,335,700	-$1,194,539 -$255,181	$1,885,980
10	$3,502,500	-$1,256,255 -$267,941	$1,978,304
11	$3,677,550	-$1,321,024 -$281,333	$2,075,193
12	$3,861,450	-$1,389,067 -$295,401	$2,176,982
13	$4,054,500	-$1,460,495 -$310,169	$2,283,836
14	$4,257,300	-$1,535,531 -$325,683	$2,396,086
15	$4,470,150	-$1,614,286 -$341,966	$2,513,898
16	$4,693,650	-$1,696,981 -$359,064	$2,637,605
17	$4,928,250	-$1,783,783 -$377,011	$2,767,456
18	$5,174,700	-$1,874,969 -$395,865	$2,903,866
19	$5,433,450	-$1,970,707 -$415,659	$3,047,084
20	$5,705,100	-$2,071,217 -$436,440	$3,197,443
21	$5,990,400	-$2,176,778 -$458,266	$3,355,356
22	$6,289,950	-$2,287,612 -$481,181	$3,521,157
23	$6,604,350	-$2,403,940 -$505,233	$3,695,177
24	$6,934,650	-$2,526,151 -$530,501	$3,877,998
25	$7,281,300	-$2,654,411 -$557,019	$4,069,870
26	$7,645,500	-$2,789,165 -$584,881	$4,271,454
27	$8,027,700	-$2,930,579 -$614,119	$4,483,002
28	$8,429,100	-$3,079,097 -$644,826	$4,705,177
29	$8,850,600	-$3,235,052 -$677,071	$4,938,477
30	$9,293,100	-$3,398,777 -$710,922	$5,183,401