The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(7.65%) | $11,146,050 | | Net Lumpsum Payment | $80,684,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$375,357 |
$2,755,487 |
| 2 |
$5,152,104 |
$1,866,609
$394,136 |
$2,891,359 |
| 3 |
$5,409,644 |
$1,961,899
$413,838 |
$3,033,907 |
| 4 |
$5,680,224 |
$2,062,013
$434,537 |
$3,183,674 |
| 5 |
$5,964,170 |
$2,167,073
$456,259 |
$3,340,838 |
| 6 |
$6,262,460 |
$2,277,441
$479,078 |
$3,505,941 |
| 7 |
$6,575,420 |
$2,393,236
$503,020 |
$3,679,164 |
| 8 |
$6,904,354 |
$2,514,941
$528,183 |
$3,861,230 |
| 9 |
$7,249,588 |
$2,642,678
$554,593 |
$4,052,317 |
| 10 |
$7,612,100 |
$2,776,807
$582,326 |
$4,252,967 |
| 11 |
$7,992,542 |
$2,917,571
$611,429 |
$4,463,542 |
| 12 |
$8,392,218 |
$3,065,451
$642,005 |
$4,684,762 |
| 13 |
$8,811,780 |
$3,220,689
$674,101 |
$4,916,990 |
| 14 |
$9,252,532 |
$3,383,767
$707,819 |
$5,160,946 |
| 15 |
$9,715,126 |
$3,554,927
$743,207 |
$5,416,992 |
| 16 |
$10,200,866 |
$3,734,651
$780,366 |
$5,685,849 |
| 17 |
$10,710,730 |
$3,923,300
$819,371 |
$5,968,059 |
| 18 |
$11,246,348 |
$4,121,479
$860,346 |
$6,264,523 |
| 19 |
$11,808,698 |
$4,329,549
$903,365 |
$6,575,784 |
| 20 |
$12,399,084 |
$4,547,991
$948,530 |
$6,902,563 |
| 21 |
$13,019,136 |
$4,777,411
$995,964 |
$7,245,761 |
| 22 |
$13,670,158 |
$5,018,289
$1,045,767 |
$7,606,102 |
| 23 |
$14,353,454 |
$5,271,108
$1,098,039 |
$7,984,307 |
| 24 |
$15,071,306 |
$5,536,714
$1,152,955 |
$8,381,637 |
| 25 |
$15,824,692 |
$5,815,466
$1,210,589 |
$8,798,637 |
| 26 |
$16,616,220 |
$6,108,332
$1,271,141 |
$9,236,747 |
| 27 |
$17,446,868 |
$6,415,672
$1,334,685 |
$9,696,511 |
| 28 |
$18,319,244 |
$6,738,451
$1,401,422 |
$10,179,371 |
| 29 |
$19,235,304 |
$7,077,393
$1,471,501 |
$10,686,410 |
| 30 |
$20,197,004 |
$7,433,222
$1,545,071 |
$11,218,711 |
|
|
