Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(7.65%)	$2,432,700
Net Lumpsum Payment	$17,640,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$80,598	$622,821
2	$1,106,280	-$369,654 -$84,630	$651,996
3	$1,161,580	-$390,115 -$88,861	$682,604
4	$1,219,680	-$411,612 -$93,306	$714,762
5	$1,280,650	-$434,171 -$97,970	$748,509
6	$1,344,700	-$457,869 -$102,870	$783,961
7	$1,411,900	-$482,733 -$108,010	$821,157
8	$1,482,530	-$508,866 -$113,414	$860,250
9	$1,556,660	-$536,295 -$119,084	$901,281
10	$1,634,500	-$565,095 -$125,039	$944,366
11	$1,716,190	-$595,321 -$131,289	$989,580
12	$1,802,010	-$627,074 -$137,854	$1,037,082
13	$1,892,100	-$660,407 -$144,746	$1,086,947
14	$1,986,740	-$695,424 -$151,986	$1,139,330
15	$2,086,070	-$732,176 -$159,584	$1,194,310
16	$2,190,370	-$770,767 -$167,563	$1,252,040
17	$2,299,850	-$811,275 -$175,939	$1,312,636
18	$2,414,860	-$853,829 -$184,737	$1,376,294
19	$2,535,610	-$898,506 -$193,974	$1,443,130
20	$2,662,380	-$945,411 -$203,672	$1,513,297
21	$2,795,520	-$994,673 -$213,857	$1,586,990
22	$2,935,310	-$1,046,395 -$224,551	$1,664,364
23	$3,082,030	-$1,100,681 -$235,775	$1,745,574
24	$3,236,170	-$1,157,713 -$247,567	$1,830,890
25	$3,397,940	-$1,217,568 -$259,942	$1,920,430
26	$3,567,900	-$1,280,453 -$272,944	$2,014,503
27	$3,746,260	-$1,346,447 -$286,589	$2,113,224
28	$3,933,580	-$1,415,755 -$300,919	$2,216,906
29	$4,130,280	-$1,488,534 -$315,966	$2,325,780
30	$4,336,780	-$1,564,939 -$331,764	$2,440,077