The jackpot for the MEGA Millions draw on Tue Jul 21, 2026, is projected to be $707 Million, with an option for a cash payout of $307.7 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 Jul 21, 2026 |
|---|
| Draw Date | Tue Jul 21, 2026 | | Projected Jackpot | $707,000,000 | | Cash Value | $307,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,700,000 | | Federal Tax(24%) | $73,848,000 | | Additional Federal Tax | $39,961,330 | | State Tax(7.65%) | $23,539,050 | | Net Lumpsum Payment | $170,351,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,641,057 |
$3,897,521
$814,041 |
$5,929,495 |
| 2 |
$11,173,428 |
$4,094,499
$854,767 |
$6,224,162 |
| 3 |
$11,731,958 |
$4,301,155
$897,495 |
$6,533,308 |
| 4 |
$12,318,768 |
$4,518,275
$942,386 |
$6,858,107 |
| 5 |
$12,934,565 |
$4,746,119
$989,494 |
$7,198,952 |
| 6 |
$13,581,470 |
$4,985,474
$1,038,982 |
$7,557,014 |
| 7 |
$14,260,190 |
$5,236,601
$1,090,905 |
$7,932,684 |
| 8 |
$14,973,553 |
$5,500,545
$1,145,477 |
$8,327,531 |
| 9 |
$15,722,266 |
$5,777,569
$1,202,753 |
$8,741,944 |
| 10 |
$16,508,450 |
$6,068,457
$1,262,896 |
$9,177,097 |
| 11 |
$17,333,519 |
$6,373,732
$1,326,014 |
$9,633,773 |
| 12 |
$18,200,301 |
$6,694,442
$1,392,323 |
$10,113,536 |
| 13 |
$19,110,210 |
$7,031,108
$1,461,931 |
$10,617,171 |
| 14 |
$20,066,074 |
$7,384,778
$1,535,055 |
$11,146,241 |
| 15 |
$21,069,307 |
$7,755,974
$1,611,802 |
$11,701,531 |
| 16 |
$22,122,737 |
$8,145,743
$1,692,389 |
$12,284,605 |
| 17 |
$23,228,485 |
$8,554,870
$1,776,979 |
$12,896,636 |
| 18 |
$24,390,086 |
$8,984,662
$1,865,842 |
$13,539,582 |
| 19 |
$25,609,661 |
$9,435,905
$1,959,139 |
$14,214,617 |
| 20 |
$26,890,038 |
$9,909,644
$2,057,088 |
$14,923,306 |
| 21 |
$28,234,752 |
$10,407,189
$2,159,959 |
$15,667,604 |
| 22 |
$29,646,631 |
$10,929,584
$2,267,967 |
$16,449,080 |
| 23 |
$31,128,503 |
$11,477,876
$2,381,330 |
$17,269,297 |
| 24 |
$32,685,317 |
$12,053,898
$2,500,427 |
$18,130,992 |
| 25 |
$34,319,194 |
$12,658,432
$2,625,418 |
$19,035,344 |
| 26 |
$36,035,790 |
$13,293,573
$2,756,738 |
$19,985,479 |
| 27 |
$37,837,226 |
$13,960,104
$2,894,548 |
$20,982,574 |
| 28 |
$39,729,158 |
$14,660,119
$3,039,281 |
$22,029,758 |
| 29 |
$41,715,828 |
$15,395,187
$3,191,261 |
$23,129,380 |
| 30 |
$43,801,478 |
$16,166,877
$3,350,813 |
$24,283,788 |
|
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