The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(7.65%) | $23,263,650 | | Net Lumpsum Payment | $168,359,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$748,411 |
$5,454,643 |
| 2 |
$10,272,600 |
$3,761,192
$785,854 |
$5,725,554 |
| 3 |
$10,786,100 |
$3,951,187
$825,137 |
$6,009,776 |
| 4 |
$11,325,600 |
$4,150,802
$866,408 |
$6,308,390 |
| 5 |
$11,891,750 |
$4,360,278
$909,719 |
$6,621,753 |
| 6 |
$12,486,500 |
$4,580,335
$955,217 |
$6,950,948 |
| 7 |
$13,110,500 |
$4,811,215
$1,002,953 |
$7,296,332 |
| 8 |
$13,766,350 |
$5,053,880
$1,053,126 |
$7,659,344 |
| 9 |
$14,454,700 |
$5,308,569
$1,105,785 |
$8,040,346 |
| 10 |
$15,177,500 |
$5,576,005
$1,161,079 |
$8,440,416 |
| 11 |
$15,936,050 |
$5,856,669
$1,219,108 |
$8,860,273 |
| 12 |
$16,732,950 |
$6,151,522
$1,280,071 |
$9,301,357 |
| 13 |
$17,569,500 |
$6,461,045
$1,344,067 |
$9,764,388 |
| 14 |
$18,448,300 |
$6,786,201
$1,411,295 |
$10,250,804 |
| 15 |
$19,370,650 |
$7,127,471
$1,481,855 |
$10,761,324 |
| 16 |
$20,339,150 |
$7,485,816
$1,555,945 |
$11,297,389 |
| 17 |
$21,355,750 |
$7,861,958
$1,633,715 |
$11,860,077 |
| 18 |
$22,423,700 |
$8,257,099
$1,715,413 |
$12,451,188 |
| 19 |
$23,544,950 |
$8,671,962
$1,801,189 |
$13,071,799 |
| 20 |
$24,722,100 |
$9,107,507
$1,891,241 |
$13,723,352 |
| 21 |
$25,958,400 |
$9,564,938
$1,985,818 |
$14,407,644 |
| 22 |
$27,256,450 |
$10,045,217
$2,085,118 |
$15,126,115 |
| 23 |
$28,618,850 |
$10,549,305
$2,189,342 |
$15,880,203 |
| 24 |
$30,050,150 |
$11,078,886
$2,298,836 |
$16,672,428 |
| 25 |
$31,552,300 |
$11,634,681
$2,413,751 |
$17,503,868 |
| 26 |
$33,130,500 |
$12,218,615
$2,534,483 |
$18,377,402 |
| 27 |
$34,786,700 |
$12,831,409
$2,661,183 |
$19,294,108 |
| 28 |
$36,526,100 |
$13,474,987
$2,794,247 |
$20,256,866 |
| 29 |
$38,352,600 |
$14,150,792
$2,933,974 |
$21,267,834 |
| 30 |
$40,270,100 |
$14,860,267
$3,080,663 |
$22,329,170 |
|
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