Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(7.65%)	$4,804,200
Net Lumpsum Payment	$34,799,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$161,196	$1,205,972
2	$2,212,560	-$778,978 -$169,261	$1,264,321
3	$2,323,160	-$819,900 -$177,722	$1,325,538
4	$2,439,360	-$862,894 -$186,611	$1,389,855
5	$2,561,300	-$908,011 -$195,939	$1,457,350
6	$2,689,400	-$955,408 -$205,739	$1,528,253
7	$2,823,800	-$1,005,136 -$216,021	$1,602,643
8	$2,965,060	-$1,057,403 -$226,827	$1,680,830
9	$3,113,320	-$1,112,259 -$238,169	$1,762,892
10	$3,269,000	-$1,169,860 -$250,079	$1,849,061
11	$3,432,380	-$1,230,311 -$262,577	$1,939,492
12	$3,604,020	-$1,293,818 -$275,708	$2,034,494
13	$3,784,200	-$1,360,484 -$289,491	$2,134,225
14	$3,973,480	-$1,430,518 -$303,971	$2,238,991
15	$4,172,140	-$1,504,022 -$319,169	$2,348,949
16	$4,380,740	-$1,581,204 -$335,127	$2,464,409
17	$4,599,700	-$1,662,219 -$351,877	$2,585,604
18	$4,829,720	-$1,747,327 -$369,474	$2,712,919
19	$5,071,220	-$1,836,682 -$387,948	$2,846,590
20	$5,324,760	-$1,930,492 -$407,344	$2,986,924
21	$5,591,040	-$2,029,015 -$427,715	$3,134,310
22	$5,870,620	-$2,132,460 -$449,102	$3,289,058
23	$6,164,060	-$2,241,033 -$471,551	$3,451,476
24	$6,472,340	-$2,355,096 -$495,134	$3,622,110
25	$6,795,880	-$2,474,806 -$519,885	$3,801,189
26	$7,135,800	-$2,600,576 -$545,889	$3,989,335
27	$7,492,520	-$2,732,563 -$573,178	$4,186,779
28	$7,867,160	-$2,871,180 -$601,838	$4,394,142
29	$8,260,560	-$3,016,738 -$631,933	$4,611,889
30	$8,673,560	-$3,169,548 -$663,527	$4,840,485