Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 4, 2026 is estimated to be $60 Million, with a cash option of 25.5 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 Aug 4, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 4, 2026	$60,000,000	$25,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,500,000
Federal Tax(24%)	$6,120,000
Additional Federal Tax	$3,275,330
State Tax(7.65%)	$1,950,750
Net Lumpsum Payment	$14,153,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$69,084	$539,513
2	$948,240	-$311,179 -$72,540	$564,521
3	$995,640	-$328,717 -$76,166	$590,757
4	$1,045,440	-$347,143 -$79,976	$618,321
5	$1,097,700	-$366,479 -$83,974	$647,247
6	$1,152,600	-$386,792 -$88,174	$677,634
7	$1,210,200	-$408,104 -$92,580	$709,516
8	$1,270,740	-$430,504 -$97,212	$743,024
9	$1,334,280	-$454,014 -$102,072	$778,194
10	$1,401,000	-$478,700 -$107,177	$815,123
11	$1,471,020	-$504,608 -$112,533	$853,879
12	$1,544,580	-$531,825 -$118,160	$894,595
13	$1,621,800	-$560,396 -$124,068	$937,336
14	$1,702,920	-$590,411 -$130,273	$982,236
15	$1,788,060	-$621,913 -$136,787	$1,029,360
16	$1,877,460	-$654,991 -$143,626	$1,078,843
17	$1,971,300	-$689,711 -$150,804	$1,130,785
18	$2,069,880	-$726,186 -$158,346	$1,185,348
19	$2,173,380	-$764,481 -$166,264	$1,242,635
20	$2,282,040	-$804,685 -$174,576	$1,302,779
21	$2,396,160	-$846,910 -$183,306	$1,365,944
22	$2,515,980	-$891,243 -$192,472	$1,432,265
23	$2,641,740	-$937,774 -$202,093	$1,501,873
24	$2,773,860	-$986,659 -$212,200	$1,575,001
25	$2,912,520	-$1,037,963 -$222,808	$1,651,749
26	$3,058,200	-$1,091,864 -$233,952	$1,732,384
27	$3,211,080	-$1,148,430 -$245,648	$1,817,002
28	$3,371,640	-$1,207,837 -$257,930	$1,905,873
29	$3,540,240	-$1,270,219 -$270,828	$1,999,193
30	$3,717,240	-$1,335,709 -$284,369	$2,097,162