The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(7.65%) | $8,590,950 | | Net Lumpsum Payment | $62,197,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$289,002 |
$2,130,682 |
| 2 |
$3,966,804 |
$1,428,048
$303,461 |
$2,235,295 |
| 3 |
$4,165,094 |
$1,501,415
$318,630 |
$2,345,049 |
| 4 |
$4,373,424 |
$1,578,497
$334,567 |
$2,460,360 |
| 5 |
$4,592,045 |
$1,659,387
$351,291 |
$2,581,367 |
| 6 |
$4,821,710 |
$1,744,363
$368,861 |
$2,708,486 |
| 7 |
$5,062,670 |
$1,833,518
$387,294 |
$2,841,858 |
| 8 |
$5,315,929 |
$1,927,224
$406,669 |
$2,982,036 |
| 9 |
$5,581,738 |
$2,025,573
$427,003 |
$3,129,162 |
| 10 |
$5,860,850 |
$2,128,845
$448,355 |
$3,283,650 |
| 11 |
$6,153,767 |
$2,237,224
$470,763 |
$3,445,780 |
| 12 |
$6,461,493 |
$2,351,083
$494,304 |
$3,616,106 |
| 13 |
$6,784,530 |
$2,470,606
$519,017 |
$3,794,907 |
| 14 |
$7,123,882 |
$2,596,167
$544,977 |
$3,982,738 |
| 15 |
$7,480,051 |
$2,727,949
$572,224 |
$4,179,878 |
| 16 |
$7,854,041 |
$2,866,326
$600,834 |
$4,386,881 |
| 17 |
$8,246,605 |
$3,011,574
$630,865 |
$4,604,166 |
| 18 |
$8,658,998 |
$3,164,160
$662,413 |
$4,832,425 |
| 19 |
$9,091,973 |
$3,324,360
$695,536 |
$5,072,077 |
| 20 |
$9,546,534 |
$3,492,548
$730,310 |
$5,323,676 |
| 21 |
$10,023,936 |
$3,669,187
$766,831 |
$5,587,918 |
| 22 |
$10,525,183 |
$3,854,648
$805,176 |
$5,865,359 |
| 23 |
$11,051,279 |
$4,049,304
$845,423 |
$6,156,552 |
| 24 |
$11,603,981 |
$4,253,803
$887,705 |
$6,462,473 |
| 25 |
$12,184,042 |
$4,468,426
$932,079 |
$6,783,537 |
| 26 |
$12,793,470 |
$4,693,914
$978,700 |
$7,120,856 |
| 27 |
$13,433,018 |
$4,930,547
$1,027,626 |
$7,474,845 |
| 28 |
$14,104,694 |
$5,179,067
$1,079,009 |
$7,846,618 |
| 29 |
$14,810,004 |
$5,440,032
$1,132,965 |
$8,237,007 |
| 30 |
$15,550,454 |
$5,713,998
$1,189,610 |
$8,646,846 |
|
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