The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(7.65%) | $6,601,950 | | Net Lumpsum Payment | $47,806,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$224,523 |
$1,664,162 |
| 2 |
$3,081,780 |
$1,100,589
$235,756 |
$1,745,435 |
| 3 |
$3,235,830 |
$1,157,587
$247,541 |
$1,830,702 |
| 4 |
$3,397,680 |
$1,217,472
$259,923 |
$1,920,285 |
| 5 |
$3,567,525 |
$1,280,315
$272,916 |
$2,014,294 |
| 6 |
$3,745,950 |
$1,346,332
$286,565 |
$2,113,053 |
| 7 |
$3,933,150 |
$1,415,596
$300,886 |
$2,216,668 |
| 8 |
$4,129,905 |
$1,488,395
$315,938 |
$2,325,572 |
| 9 |
$4,336,410 |
$1,564,802
$331,735 |
$2,439,873 |
| 10 |
$4,553,250 |
$1,645,033
$348,324 |
$2,559,893 |
| 11 |
$4,780,815 |
$1,729,232
$365,732 |
$2,685,851 |
| 12 |
$5,019,885 |
$1,817,688
$384,021 |
$2,818,176 |
| 13 |
$5,270,850 |
$1,910,545
$403,220 |
$2,957,085 |
| 14 |
$5,534,490 |
$2,008,092
$423,388 |
$3,103,010 |
| 15 |
$5,811,195 |
$2,110,473
$444,556 |
$3,256,166 |
| 16 |
$6,101,745 |
$2,217,976
$466,783 |
$3,416,986 |
| 17 |
$6,406,725 |
$2,330,819
$490,114 |
$3,585,792 |
| 18 |
$6,727,110 |
$2,449,361
$514,624 |
$3,763,125 |
| 19 |
$7,063,485 |
$2,573,820
$540,357 |
$3,949,308 |
| 20 |
$7,416,630 |
$2,704,483
$567,372 |
$4,144,775 |
| 21 |
$7,787,520 |
$2,841,713
$595,745 |
$4,350,062 |
| 22 |
$8,176,935 |
$2,985,796
$625,536 |
$4,565,603 |
| 23 |
$8,585,655 |
$3,137,023
$656,803 |
$4,791,829 |
| 24 |
$9,015,045 |
$3,295,897
$689,651 |
$5,029,497 |
| 25 |
$9,465,690 |
$3,462,636
$724,125 |
$5,278,929 |
| 26 |
$9,939,150 |
$3,637,816
$760,345 |
$5,540,989 |
| 27 |
$10,436,010 |
$3,821,654
$798,355 |
$5,816,001 |
| 28 |
$10,957,830 |
$4,014,727
$838,274 |
$6,104,829 |
| 29 |
$11,505,780 |
$4,217,469
$880,192 |
$6,408,119 |
| 30 |
$12,081,030 |
$4,430,311
$924,199 |
$6,726,520 |
|
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