Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(7.65%)	$21,205,800
Net Lumpsum Payment	$153,469,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$690,841	$5,038,107
2	$9,482,400	-$3,468,818 -$725,404	$5,288,178
3	$9,956,400	-$3,644,198 -$761,665	$5,550,537
4	$10,454,400	-$3,828,458 -$799,762	$5,826,180
5	$10,977,000	-$4,021,820 -$839,741	$6,115,439
6	$11,526,000	-$4,224,950 -$881,739	$6,419,311
7	$12,102,000	-$4,438,070 -$925,803	$6,738,127
8	$12,707,400	-$4,662,068 -$972,116	$7,073,216
9	$13,342,800	-$4,897,166 -$1,020,724	$7,424,910
10	$14,010,000	-$5,144,030 -$1,071,765	$7,794,205
11	$14,710,200	-$5,403,104 -$1,125,330	$8,181,766
12	$15,445,800	-$5,675,276 -$1,181,604	$8,588,920
13	$16,218,000	-$5,960,990 -$1,240,677	$9,016,333
14	$17,029,200	-$6,261,134 -$1,302,734	$9,465,332
15	$17,880,600	-$6,576,152 -$1,367,866	$9,936,582
16	$18,774,600	-$6,906,932 -$1,436,257	$10,431,411
17	$19,713,000	-$7,254,140 -$1,508,045	$10,950,815
18	$20,698,800	-$7,618,886 -$1,583,458	$11,496,456
19	$21,733,800	-$8,001,836 -$1,662,636	$12,069,328
20	$22,820,400	-$8,403,878 -$1,745,761	$12,670,761
21	$23,961,600	-$8,826,122 -$1,833,062	$13,302,416
22	$25,159,800	-$9,269,456 -$1,924,725	$13,965,619
23	$26,417,400	-$9,734,768 -$2,020,931	$14,661,701
24	$27,738,600	-$10,223,612 -$2,122,003	$15,392,985
25	$29,125,200	-$10,736,654 -$2,228,078	$16,160,468
26	$30,582,000	-$11,275,670 -$2,339,523	$16,966,807
27	$32,110,800	-$11,841,326 -$2,456,476	$17,812,998
28	$33,716,400	-$12,435,398 -$2,579,305	$18,701,697
29	$35,402,400	-$13,059,218 -$2,708,284	$19,634,898
30	$37,172,400	-$13,714,118 -$2,843,689	$20,614,593