The jackpot for the MEGA Millions draw on Fri May 2, 2025, is projected to be $80 Million, with an option for a cash payout of $36.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Wisconsin residents, the state will deduct 7.65% from your lottery earnings.
| Wisconsin MEGA Millions Jackpot/Cash Option for Fri May 2, 2025 |
|---|
| Draw Date | Fri May 2, 2025 | | Projected Jackpot | $80,000,000 | | Cash Value | $36,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $36,400,000 | | Federal Tax(24%) | $8,736,000 | | Additional Federal Tax | $4,692,330 | | State Tax(7.65%) | $2,784,600 | | Net Lumpsum Payment | $20,187,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,204,080 |
$405,840
$92,112 |
$706,128 |
| 2 |
$1,264,320 |
$428,129
$96,720 |
$739,471 |
| 3 |
$1,327,520 |
$451,513
$101,555 |
$774,452 |
| 4 |
$1,393,920 |
$476,081
$106,635 |
$811,204 |
| 5 |
$1,463,600 |
$501,862
$111,965 |
$849,773 |
| 6 |
$1,536,800 |
$528,946
$117,565 |
$890,289 |
| 7 |
$1,613,600 |
$557,362
$123,440 |
$932,798 |
| 8 |
$1,694,320 |
$587,229
$129,615 |
$977,476 |
| 9 |
$1,779,040 |
$618,575
$136,097 |
$1,024,368 |
| 10 |
$1,868,000 |
$651,490
$142,902 |
$1,073,608 |
| 11 |
$1,961,360 |
$686,034
$150,044 |
$1,125,282 |
| 12 |
$2,059,440 |
$722,323
$157,547 |
$1,179,570 |
| 13 |
$2,162,400 |
$760,418
$165,424 |
$1,236,558 |
| 14 |
$2,270,560 |
$800,438
$173,698 |
$1,296,424 |
| 15 |
$2,384,080 |
$842,440
$182,382 |
$1,359,258 |
| 16 |
$2,503,280 |
$886,544
$191,501 |
$1,425,235 |
| 17 |
$2,628,400 |
$932,838
$201,073 |
$1,494,489 |
| 18 |
$2,759,840 |
$981,471
$211,128 |
$1,567,241 |
| 19 |
$2,897,840 |
$1,032,531
$221,685 |
$1,643,624 |
| 20 |
$3,042,720 |
$1,086,137
$232,768 |
$1,723,815 |
| 21 |
$3,194,880 |
$1,142,436
$244,408 |
$1,808,036 |
| 22 |
$3,354,640 |
$1,201,547
$256,630 |
$1,896,463 |
| 23 |
$3,522,320 |
$1,263,589
$269,457 |
$1,989,274 |
| 24 |
$3,698,480 |
$1,328,768
$282,934 |
$2,086,778 |
| 25 |
$3,883,360 |
$1,397,174
$297,077 |
$2,189,109 |
| 26 |
$4,077,600 |
$1,469,042
$311,936 |
$2,296,622 |
| 27 |
$4,281,440 |
$1,544,463
$327,530 |
$2,409,447 |
| 28 |
$4,495,520 |
$1,623,673
$343,907 |
$2,527,940 |
| 29 |
$4,720,320 |
$1,706,849
$361,104 |
$2,652,367 |
| 30 |
$4,956,320 |
$1,794,169
$379,158 |
$2,782,993 |
|
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