The jackpot for the MEGA Millions draw on Fri Aug 1, 2025, is projected to be $140 Million, with an option for a cash payout of $62 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 Aug 1, 2025 |
|---|
| Draw Date | Fri Aug 1, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $62,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,000,000 | | Federal Tax(24%) | $14,880,000 | | Additional Federal Tax | $8,020,330 | | State Tax(7.65%) | $4,743,000 | | Net Lumpsum Payment | $34,356,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$161,196 |
$1,205,972 |
| 2 |
$2,212,560 |
$778,978
$169,261 |
$1,264,321 |
| 3 |
$2,323,160 |
$819,900
$177,722 |
$1,325,538 |
| 4 |
$2,439,360 |
$862,894
$186,611 |
$1,389,855 |
| 5 |
$2,561,300 |
$908,011
$195,939 |
$1,457,350 |
| 6 |
$2,689,400 |
$955,408
$205,739 |
$1,528,253 |
| 7 |
$2,823,800 |
$1,005,136
$216,021 |
$1,602,643 |
| 8 |
$2,965,060 |
$1,057,403
$226,827 |
$1,680,830 |
| 9 |
$3,113,320 |
$1,112,259
$238,169 |
$1,762,892 |
| 10 |
$3,269,000 |
$1,169,860
$250,079 |
$1,849,061 |
| 11 |
$3,432,380 |
$1,230,311
$262,577 |
$1,939,492 |
| 12 |
$3,604,020 |
$1,293,818
$275,708 |
$2,034,494 |
| 13 |
$3,784,200 |
$1,360,484
$289,491 |
$2,134,225 |
| 14 |
$3,973,480 |
$1,430,518
$303,971 |
$2,238,991 |
| 15 |
$4,172,140 |
$1,504,022
$319,169 |
$2,348,949 |
| 16 |
$4,380,740 |
$1,581,204
$335,127 |
$2,464,409 |
| 17 |
$4,599,700 |
$1,662,219
$351,877 |
$2,585,604 |
| 18 |
$4,829,720 |
$1,747,327
$369,474 |
$2,712,919 |
| 19 |
$5,071,220 |
$1,836,682
$387,948 |
$2,846,590 |
| 20 |
$5,324,760 |
$1,930,492
$407,344 |
$2,986,924 |
| 21 |
$5,591,040 |
$2,029,015
$427,715 |
$3,134,310 |
| 22 |
$5,870,620 |
$2,132,460
$449,102 |
$3,289,058 |
| 23 |
$6,164,060 |
$2,241,033
$471,551 |
$3,451,476 |
| 24 |
$6,472,340 |
$2,355,096
$495,134 |
$3,622,110 |
| 25 |
$6,795,880 |
$2,474,806
$519,885 |
$3,801,189 |
| 26 |
$7,135,800 |
$2,600,576
$545,889 |
$3,989,335 |
| 27 |
$7,492,520 |
$2,732,563
$573,178 |
$4,186,779 |
| 28 |
$7,867,160 |
$2,871,180
$601,838 |
$4,394,142 |
| 29 |
$8,260,560 |
$3,016,738
$631,933 |
$4,611,889 |
| 30 |
$8,673,560 |
$3,169,548
$663,527 |
$4,840,485 |
|
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