Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(7.65%)	$4,245,750
Net Lumpsum Payment	$30,758,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$149,682	$1,122,665
2	$2,054,520	-$720,503 -$157,171	$1,176,846
3	$2,157,220	-$758,502 -$165,027	$1,233,691
4	$2,265,120	-$798,425 -$173,282	$1,293,413
5	$2,378,350	-$840,320 -$181,944	$1,356,086
6	$2,497,300	-$884,331 -$191,043	$1,421,926
7	$2,622,100	-$930,507 -$200,591	$1,491,002
8	$2,753,270	-$979,040 -$210,625	$1,563,605
9	$2,890,940	-$1,029,978 -$221,157	$1,639,805
10	$3,035,500	-$1,083,465 -$232,216	$1,719,819
11	$3,187,210	-$1,139,598 -$243,822	$1,803,790
12	$3,346,590	-$1,198,569 -$256,014	$1,892,007
13	$3,513,900	-$1,260,473 -$268,813	$1,984,614
14	$3,689,660	-$1,325,505 -$282,259	$2,081,896
15	$3,874,130	-$1,393,758 -$296,371	$2,184,001
16	$4,067,830	-$1,465,427 -$311,189	$2,291,214
17	$4,271,150	-$1,540,656 -$326,743	$2,403,751
18	$4,484,740	-$1,619,684 -$343,083	$2,521,973
19	$4,708,990	-$1,702,657 -$360,238	$2,646,095
20	$4,944,420	-$1,789,766 -$378,248	$2,776,406
21	$5,191,680	-$1,881,252 -$397,164	$2,913,264
22	$5,451,290	-$1,977,308 -$417,024	$3,056,958
23	$5,723,770	-$2,078,125 -$437,868	$3,207,777
24	$6,010,030	-$2,184,041 -$459,767	$3,366,222
25	$6,310,460	-$2,295,201 -$482,750	$3,532,509
26	$6,626,100	-$2,411,987 -$506,897	$3,707,216
27	$6,957,340	-$2,534,546 -$532,237	$3,890,557
28	$7,305,220	-$2,663,262 -$558,849	$4,083,109
29	$7,670,520	-$2,798,423 -$586,795	$4,285,302
30	$8,054,020	-$2,940,318 -$616,133	$4,497,569