Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(7.65%)	$9,646,650
Net Lumpsum Payment	$69,836,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$322,392	$2,372,274
2	$4,425,120	-$1,597,625 -$338,522	$2,488,973
3	$4,646,320	-$1,679,469 -$355,443	$2,611,408
4	$4,878,720	-$1,765,457 -$373,222	$2,740,041
5	$5,122,600	-$1,855,692 -$391,879	$2,875,029
6	$5,378,800	-$1,950,486 -$411,478	$3,016,836
7	$5,647,600	-$2,049,942 -$432,041	$3,165,617
8	$5,930,120	-$2,154,475 -$453,654	$3,321,991
9	$6,226,640	-$2,264,187 -$476,338	$3,486,115
10	$6,538,000	-$2,379,390 -$500,157	$3,658,453
11	$6,864,760	-$2,500,292 -$525,154	$3,839,314
12	$7,208,040	-$2,627,305 -$551,415	$4,029,320
13	$7,568,400	-$2,760,638 -$578,983	$4,228,779
14	$7,946,960	-$2,900,706 -$607,942	$4,438,312
15	$8,344,280	-$3,047,714 -$638,337	$4,658,229
16	$8,761,480	-$3,202,078 -$670,253	$4,889,149
17	$9,199,400	-$3,364,108 -$703,754	$5,131,538
18	$9,659,440	-$3,534,323 -$738,947	$5,386,170
19	$10,142,440	-$3,713,033 -$775,897	$5,653,510
20	$10,649,520	-$3,900,653 -$814,688	$5,934,179
21	$11,182,080	-$4,097,700 -$855,429	$6,228,951
22	$11,741,240	-$4,304,589 -$898,205	$6,538,446
23	$12,328,120	-$4,521,735 -$943,101	$6,863,284
24	$12,944,680	-$4,749,862 -$990,268	$7,204,550
25	$13,591,760	-$4,989,282 -$1,039,770	$7,562,708
26	$14,271,600	-$5,240,822 -$1,091,777	$7,939,001
27	$14,985,040	-$5,504,795 -$1,146,356	$8,333,889
28	$15,734,320	-$5,782,029 -$1,203,675	$8,748,616
29	$16,521,120	-$6,073,145 -$1,263,866	$9,184,109
30	$17,347,120	-$6,378,765 -$1,327,055	$9,641,300