The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(7.65%) | $25,558,650 | | Net Lumpsum Payment | $184,964,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$822,101 |
$5,987,809 |
| 2 |
$11,284,056 |
$4,135,431
$863,230 |
$6,285,395 |
| 3 |
$11,848,116 |
$4,344,133
$906,381 |
$6,597,602 |
| 4 |
$12,440,736 |
$4,563,403
$951,716 |
$6,925,617 |
| 5 |
$13,062,630 |
$4,793,503
$999,291 |
$7,269,836 |
| 6 |
$13,715,940 |
$5,035,228
$1,049,269 |
$7,631,443 |
| 7 |
$14,401,380 |
$5,288,841
$1,101,706 |
$8,010,833 |
| 8 |
$15,121,806 |
$5,555,399
$1,156,818 |
$8,409,589 |
| 9 |
$15,877,932 |
$5,835,165
$1,214,662 |
$8,828,105 |
| 10 |
$16,671,900 |
$6,128,933
$1,275,400 |
$9,267,567 |
| 11 |
$17,505,138 |
$6,437,231
$1,339,143 |
$9,728,764 |
| 12 |
$18,380,502 |
$6,761,116
$1,406,108 |
$10,213,278 |
| 13 |
$19,299,420 |
$7,101,116
$1,476,406 |
$10,721,898 |
| 14 |
$20,264,748 |
$7,458,287
$1,550,253 |
$11,256,208 |
| 15 |
$21,277,914 |
$7,833,159
$1,627,760 |
$11,816,995 |
| 16 |
$22,341,774 |
$8,226,787
$1,709,146 |
$12,405,841 |
| 17 |
$23,458,470 |
$8,639,964
$1,794,573 |
$13,023,933 |
| 18 |
$24,631,572 |
$9,074,012
$1,884,315 |
$13,673,245 |
| 19 |
$25,863,222 |
$9,529,723
$1,978,536 |
$14,354,963 |
| 20 |
$27,156,276 |
$10,008,153
$2,077,455 |
$15,070,668 |
| 21 |
$28,514,304 |
$10,510,623
$2,181,344 |
$15,822,337 |
| 22 |
$29,940,162 |
$11,038,190
$2,290,422 |
$16,611,550 |
| 23 |
$31,436,706 |
$11,591,912
$2,404,908 |
$17,439,886 |
| 24 |
$33,008,934 |
$12,173,636
$2,525,183 |
$18,310,115 |
| 25 |
$34,658,988 |
$12,784,156
$2,651,413 |
$19,223,419 |
| 26 |
$36,392,580 |
$13,425,585
$2,784,032 |
$20,182,963 |
| 27 |
$38,211,852 |
$14,098,716
$2,923,207 |
$21,189,929 |
| 28 |
$40,122,516 |
$14,805,661
$3,069,372 |
$22,247,483 |
| 29 |
$42,128,856 |
$15,548,007
$3,222,857 |
$23,357,992 |
| 30 |
$44,235,156 |
$16,327,338
$3,383,989 |
$24,523,829 |
|
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