The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(7.65%) | $10,434,600 | | Net Lumpsum Payment | $75,537,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$358,086 |
$2,630,526 |
| 2 |
$4,915,044 |
$1,778,897
$376,001 |
$2,760,146 |
| 3 |
$5,160,734 |
$1,869,802
$394,796 |
$2,896,136 |
| 4 |
$5,418,864 |
$1,965,310
$414,543 |
$3,039,011 |
| 5 |
$5,689,745 |
$2,065,536
$435,265 |
$3,188,944 |
| 6 |
$5,974,310 |
$2,170,825
$457,035 |
$3,346,450 |
| 7 |
$6,272,870 |
$2,281,292
$479,875 |
$3,511,703 |
| 8 |
$6,586,669 |
$2,397,398
$503,880 |
$3,685,391 |
| 9 |
$6,916,018 |
$2,519,257
$529,075 |
$3,867,686 |
| 10 |
$7,261,850 |
$2,647,215
$555,532 |
$4,059,103 |
| 11 |
$7,624,787 |
$2,781,502
$583,296 |
$4,259,989 |
| 12 |
$8,006,073 |
$2,922,577
$612,465 |
$4,471,031 |
| 13 |
$8,406,330 |
$3,070,672
$643,084 |
$4,692,574 |
| 14 |
$8,826,802 |
$3,226,247
$675,250 |
$4,925,305 |
| 15 |
$9,268,111 |
$3,389,531
$709,010 |
$5,169,570 |
| 16 |
$9,731,501 |
$3,560,986
$744,460 |
$5,426,055 |
| 17 |
$10,217,905 |
$3,740,955
$781,670 |
$5,695,280 |
| 18 |
$10,728,878 |
$3,930,015
$820,759 |
$5,978,104 |
| 19 |
$11,265,353 |
$4,128,511
$861,800 |
$6,275,042 |
| 20 |
$11,828,574 |
$4,336,903
$904,886 |
$6,586,785 |
| 21 |
$12,420,096 |
$4,555,766
$950,137 |
$6,914,193 |
| 22 |
$13,041,163 |
$4,785,561
$997,649 |
$7,257,953 |
| 23 |
$13,693,019 |
$5,026,747
$1,047,516 |
$7,618,756 |
| 24 |
$14,377,841 |
$5,280,132
$1,099,905 |
$7,997,804 |
| 25 |
$15,096,562 |
$5,546,058
$1,154,887 |
$8,395,617 |
| 26 |
$15,851,670 |
$5,825,448
$1,212,653 |
$8,813,569 |
| 27 |
$16,644,098 |
$6,118,647
$1,273,273 |
$9,252,178 |
| 28 |
$17,476,334 |
$6,426,574
$1,336,940 |
$9,712,820 |
| 29 |
$18,350,244 |
$6,749,921
$1,403,794 |
$10,196,529 |
| 30 |
$19,267,694 |
$7,089,377
$1,473,979 |
$10,704,338 |
|
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