The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(7.65%) | $16,898,850 | | Net Lumpsum Payment | $122,307,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$563,035 |
$4,113,396 |
| 2 |
$7,728,156 |
$2,819,748
$591,204 |
$4,317,204 |
| 3 |
$8,114,466 |
$2,962,683
$620,757 |
$4,531,026 |
| 4 |
$8,520,336 |
$3,112,855
$651,806 |
$4,755,675 |
| 5 |
$8,946,255 |
$3,270,445
$684,389 |
$4,991,421 |
| 6 |
$9,393,690 |
$3,435,996
$718,617 |
$5,239,077 |
| 7 |
$9,863,130 |
$3,609,688
$754,529 |
$5,498,913 |
| 8 |
$10,356,531 |
$3,792,247
$792,275 |
$5,772,009 |
| 9 |
$10,874,382 |
$3,983,852
$831,890 |
$6,058,640 |
| 10 |
$11,418,150 |
$4,185,046
$873,488 |
$6,359,616 |
| 11 |
$11,988,813 |
$4,396,191
$917,144 |
$6,675,478 |
| 12 |
$12,588,327 |
$4,618,011
$963,007 |
$7,007,309 |
| 13 |
$13,217,670 |
$4,850,868
$1,011,152 |
$7,355,650 |
| 14 |
$13,878,798 |
$5,095,486
$1,061,728 |
$7,721,584 |
| 15 |
$14,572,689 |
$5,352,225
$1,114,811 |
$8,105,653 |
| 16 |
$15,301,299 |
$5,621,811
$1,170,549 |
$8,508,939 |
| 17 |
$16,066,095 |
$5,904,786
$1,229,056 |
$8,932,253 |
| 18 |
$16,869,522 |
$6,202,054
$1,290,518 |
$9,376,950 |
| 19 |
$17,713,047 |
$6,514,158
$1,355,048 |
$9,843,841 |
| 20 |
$18,598,626 |
$6,841,822
$1,422,795 |
$10,334,009 |
| 21 |
$19,528,704 |
$7,185,951
$1,493,946 |
$10,848,807 |
| 22 |
$20,505,237 |
$7,547,268
$1,568,651 |
$11,389,318 |
| 23 |
$21,530,181 |
$7,926,497
$1,647,059 |
$11,956,625 |
| 24 |
$22,606,959 |
$8,324,905
$1,729,432 |
$12,552,622 |
| 25 |
$23,737,038 |
$8,743,034
$1,815,883 |
$13,178,121 |
| 26 |
$24,924,330 |
$9,182,332
$1,906,711 |
$13,835,287 |
| 27 |
$26,170,302 |
$9,643,342
$2,002,028 |
$14,524,932 |
| 28 |
$27,478,866 |
$10,127,511
$2,102,133 |
$15,249,222 |
| 29 |
$28,852,956 |
$10,635,924
$2,207,251 |
$16,009,781 |
| 30 |
$30,295,506 |
$11,169,668
$2,317,606 |
$16,808,232 |
|
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