The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(7.65%) | $9,646,650 | | Net Lumpsum Payment | $69,836,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$322,392 |
$2,372,274 |
| 2 |
$4,425,120 |
$1,597,625
$338,522 |
$2,488,973 |
| 3 |
$4,646,320 |
$1,679,469
$355,443 |
$2,611,408 |
| 4 |
$4,878,720 |
$1,765,457
$373,222 |
$2,740,041 |
| 5 |
$5,122,600 |
$1,855,692
$391,879 |
$2,875,029 |
| 6 |
$5,378,800 |
$1,950,486
$411,478 |
$3,016,836 |
| 7 |
$5,647,600 |
$2,049,942
$432,041 |
$3,165,617 |
| 8 |
$5,930,120 |
$2,154,475
$453,654 |
$3,321,991 |
| 9 |
$6,226,640 |
$2,264,187
$476,338 |
$3,486,115 |
| 10 |
$6,538,000 |
$2,379,390
$500,157 |
$3,658,453 |
| 11 |
$6,864,760 |
$2,500,292
$525,154 |
$3,839,314 |
| 12 |
$7,208,040 |
$2,627,305
$551,415 |
$4,029,320 |
| 13 |
$7,568,400 |
$2,760,638
$578,983 |
$4,228,779 |
| 14 |
$7,946,960 |
$2,900,706
$607,942 |
$4,438,312 |
| 15 |
$8,344,280 |
$3,047,714
$638,337 |
$4,658,229 |
| 16 |
$8,761,480 |
$3,202,078
$670,253 |
$4,889,149 |
| 17 |
$9,199,400 |
$3,364,108
$703,754 |
$5,131,538 |
| 18 |
$9,659,440 |
$3,534,323
$738,947 |
$5,386,170 |
| 19 |
$10,142,440 |
$3,713,033
$775,897 |
$5,653,510 |
| 20 |
$10,649,520 |
$3,900,653
$814,688 |
$5,934,179 |
| 21 |
$11,182,080 |
$4,097,700
$855,429 |
$6,228,951 |
| 22 |
$11,741,240 |
$4,304,589
$898,205 |
$6,538,446 |
| 23 |
$12,328,120 |
$4,521,735
$943,101 |
$6,863,284 |
| 24 |
$12,944,680 |
$4,749,862
$990,268 |
$7,204,550 |
| 25 |
$13,591,760 |
$4,989,282
$1,039,770 |
$7,562,708 |
| 26 |
$14,271,600 |
$5,240,822
$1,091,777 |
$7,939,001 |
| 27 |
$14,985,040 |
$5,504,795
$1,146,356 |
$8,333,889 |
| 28 |
$15,734,320 |
$5,782,029
$1,203,675 |
$8,748,616 |
| 29 |
$16,521,120 |
$6,073,145
$1,263,866 |
$9,184,109 |
| 30 |
$17,347,120 |
$6,378,765
$1,327,055 |
$9,641,300 |
|
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