The jackpot for the MEGA Millions draw on Fri Oct 23, 2026, is projected to be $433 Million, with an option for a cash payout of $178.6 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 Oct 23, 2026 |
|---|
| Draw Date | Fri Oct 23, 2026 | | Projected Jackpot | $433,000,000 | | Cash Value | $178,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $178,600,000 | | Federal Tax(24%) | $42,864,000 | | Additional Federal Tax | $23,178,330 | | State Tax(7.65%) | $13,662,900 | | Net Lumpsum Payment | $98,894,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,517,083 |
$2,371,651
$498,557 |
$3,646,875 |
| 2 |
$6,843,132 |
$2,492,289
$523,500 |
$3,827,343 |
| 3 |
$7,185,202 |
$2,618,855
$549,668 |
$4,016,679 |
| 4 |
$7,544,592 |
$2,751,829
$577,161 |
$4,215,602 |
| 5 |
$7,921,735 |
$2,891,372
$606,013 |
$4,424,350 |
| 6 |
$8,317,930 |
$3,037,964
$636,322 |
$4,643,644 |
| 7 |
$8,733,610 |
$3,191,766
$668,121 |
$4,873,723 |
| 8 |
$9,170,507 |
$3,353,418
$701,544 |
$5,115,545 |
| 9 |
$9,629,054 |
$3,523,080
$736,623 |
$5,369,351 |
| 10 |
$10,110,550 |
$3,701,234
$773,457 |
$5,635,859 |
| 11 |
$10,615,861 |
$3,888,199
$812,113 |
$5,915,549 |
| 12 |
$11,146,719 |
$4,084,616
$852,724 |
$6,209,379 |
| 13 |
$11,703,990 |
$4,290,807
$895,355 |
$6,517,828 |
| 14 |
$12,289,406 |
$4,507,411
$940,140 |
$6,841,855 |
| 15 |
$12,903,833 |
$4,734,749
$987,143 |
$7,181,941 |
| 16 |
$13,549,003 |
$4,973,461
$1,036,499 |
$7,539,043 |
| 17 |
$14,226,215 |
$5,224,030
$1,088,305 |
$7,913,880 |
| 18 |
$14,937,634 |
$5,487,255
$1,142,729 |
$8,307,650 |
| 19 |
$15,684,559 |
$5,763,617
$1,199,869 |
$8,721,073 |
| 20 |
$16,468,722 |
$6,053,758
$1,259,857 |
$9,155,107 |
| 21 |
$17,292,288 |
$6,358,477
$1,322,860 |
$9,610,951 |
| 22 |
$18,156,989 |
$6,678,416
$1,389,010 |
$10,089,563 |
| 23 |
$19,064,557 |
$7,014,216
$1,458,439 |
$10,591,902 |
| 24 |
$20,018,023 |
$7,366,999
$1,531,379 |
$11,119,645 |
| 25 |
$21,018,686 |
$7,737,244
$1,607,929 |
$11,673,513 |
| 26 |
$22,070,010 |
$8,126,234
$1,688,356 |
$12,255,420 |
| 27 |
$23,173,294 |
$8,534,449
$1,772,757 |
$12,866,088 |
| 28 |
$24,332,002 |
$8,963,171
$1,861,398 |
$13,507,433 |
| 29 |
$25,548,732 |
$9,413,361
$1,954,478 |
$14,180,893 |
| 30 |
$26,826,082 |
$9,885,981
$2,052,195 |
$14,887,906 |
|
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