Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 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 May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(7.65%)	$7,940,700
Net Lumpsum Payment	$57,492,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$267,125	$1,972,399
2	$3,666,528	-$1,316,946 -$280,489	$2,069,093
3	$3,849,808	-$1,384,759 -$294,510	$2,170,539
4	$4,042,368	-$1,456,007 -$309,241	$2,277,120
5	$4,244,440	-$1,530,773 -$324,700	$2,388,967
6	$4,456,720	-$1,609,317 -$340,939	$2,506,464
7	$4,679,440	-$1,691,723 -$357,977	$2,629,740
8	$4,913,528	-$1,778,336 -$375,885	$2,759,307
9	$5,159,216	-$1,869,240 -$394,680	$2,895,296
10	$5,417,200	-$1,964,694 -$414,416	$3,038,090
11	$5,687,944	-$2,064,870 -$435,128	$3,187,946
12	$5,972,376	-$2,170,110 -$456,887	$3,345,379
13	$6,270,960	-$2,280,586 -$479,728	$3,510,646
14	$6,584,624	-$2,396,641 -$503,724	$3,684,259
15	$6,913,832	-$2,518,448 -$528,908	$3,866,476
16	$7,259,512	-$2,646,350 -$555,353	$4,057,809
17	$7,622,360	-$2,780,604 -$583,111	$4,258,645
18	$8,003,536	-$2,921,639 -$612,271	$4,469,626
19	$8,403,736	-$3,069,713 -$642,886	$4,691,137
20	$8,823,888	-$3,225,169 -$675,027	$4,923,692
21	$9,265,152	-$3,388,437 -$708,784	$5,167,931
22	$9,728,456	-$3,559,859 -$744,227	$5,424,370
23	$10,214,728	-$3,739,780 -$781,427	$5,693,521
24	$10,725,592	-$3,928,799 -$820,508	$5,976,285
25	$11,261,744	-$4,127,176 -$861,523	$6,273,045
26	$11,825,040	-$4,335,595 -$904,616	$6,584,829
27	$12,416,176	-$4,554,316 -$949,837	$6,912,023
28	$13,037,008	-$4,784,023 -$997,331	$7,255,654
29	$13,688,928	-$5,025,234 -$1,047,203	$7,616,491
30	$14,373,328	-$5,278,462 -$1,099,560	$7,995,306