The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 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 May 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(7.65%) | $7,940,700 | | Net Lumpsum Payment | $57,492,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$267,125 |
$1,972,399 |
| 2 |
$3,666,528 |
$1,316,946
$280,489 |
$2,069,093 |
| 3 |
$3,849,808 |
$1,384,759
$294,510 |
$2,170,539 |
| 4 |
$4,042,368 |
$1,456,007
$309,241 |
$2,277,120 |
| 5 |
$4,244,440 |
$1,530,773
$324,700 |
$2,388,967 |
| 6 |
$4,456,720 |
$1,609,317
$340,939 |
$2,506,464 |
| 7 |
$4,679,440 |
$1,691,723
$357,977 |
$2,629,740 |
| 8 |
$4,913,528 |
$1,778,336
$375,885 |
$2,759,307 |
| 9 |
$5,159,216 |
$1,869,240
$394,680 |
$2,895,296 |
| 10 |
$5,417,200 |
$1,964,694
$414,416 |
$3,038,090 |
| 11 |
$5,687,944 |
$2,064,870
$435,128 |
$3,187,946 |
| 12 |
$5,972,376 |
$2,170,110
$456,887 |
$3,345,379 |
| 13 |
$6,270,960 |
$2,280,586
$479,728 |
$3,510,646 |
| 14 |
$6,584,624 |
$2,396,641
$503,724 |
$3,684,259 |
| 15 |
$6,913,832 |
$2,518,448
$528,908 |
$3,866,476 |
| 16 |
$7,259,512 |
$2,646,350
$555,353 |
$4,057,809 |
| 17 |
$7,622,360 |
$2,780,604
$583,111 |
$4,258,645 |
| 18 |
$8,003,536 |
$2,921,639
$612,271 |
$4,469,626 |
| 19 |
$8,403,736 |
$3,069,713
$642,886 |
$4,691,137 |
| 20 |
$8,823,888 |
$3,225,169
$675,027 |
$4,923,692 |
| 21 |
$9,265,152 |
$3,388,437
$708,784 |
$5,167,931 |
| 22 |
$9,728,456 |
$3,559,859
$744,227 |
$5,424,370 |
| 23 |
$10,214,728 |
$3,739,780
$781,427 |
$5,693,521 |
| 24 |
$10,725,592 |
$3,928,799
$820,508 |
$5,976,285 |
| 25 |
$11,261,744 |
$4,127,176
$861,523 |
$6,273,045 |
| 26 |
$11,825,040 |
$4,335,595
$904,616 |
$6,584,829 |
| 27 |
$12,416,176 |
$4,554,316
$949,837 |
$6,912,023 |
| 28 |
$13,037,008 |
$4,784,023
$997,331 |
$7,255,654 |
| 29 |
$13,688,928 |
$5,025,234
$1,047,203 |
$7,616,491 |
| 30 |
$14,373,328 |
$5,278,462
$1,099,560 |
$7,995,306 |
|
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