The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(7.65%) | $5,194,350 | | Net Lumpsum Payment | $37,622,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$172,710 |
$1,289,279 |
| 2 |
$2,370,600 |
$837,452
$181,351 |
$1,351,797 |
| 3 |
$2,489,100 |
$881,297
$190,416 |
$1,417,387 |
| 4 |
$2,613,600 |
$927,362
$199,940 |
$1,486,298 |
| 5 |
$2,744,250 |
$975,703
$209,935 |
$1,558,612 |
| 6 |
$2,881,500 |
$1,026,485
$220,435 |
$1,634,580 |
| 7 |
$3,025,500 |
$1,079,765
$231,451 |
$1,714,284 |
| 8 |
$3,176,850 |
$1,135,765
$243,029 |
$1,798,056 |
| 9 |
$3,335,700 |
$1,194,539
$255,181 |
$1,885,980 |
| 10 |
$3,502,500 |
$1,256,255
$267,941 |
$1,978,304 |
| 11 |
$3,677,550 |
$1,321,024
$281,333 |
$2,075,193 |
| 12 |
$3,861,450 |
$1,389,067
$295,401 |
$2,176,982 |
| 13 |
$4,054,500 |
$1,460,495
$310,169 |
$2,283,836 |
| 14 |
$4,257,300 |
$1,535,531
$325,683 |
$2,396,086 |
| 15 |
$4,470,150 |
$1,614,286
$341,966 |
$2,513,898 |
| 16 |
$4,693,650 |
$1,696,981
$359,064 |
$2,637,605 |
| 17 |
$4,928,250 |
$1,783,783
$377,011 |
$2,767,456 |
| 18 |
$5,174,700 |
$1,874,969
$395,865 |
$2,903,866 |
| 19 |
$5,433,450 |
$1,970,707
$415,659 |
$3,047,084 |
| 20 |
$5,705,100 |
$2,071,217
$436,440 |
$3,197,443 |
| 21 |
$5,990,400 |
$2,176,778
$458,266 |
$3,355,356 |
| 22 |
$6,289,950 |
$2,287,612
$481,181 |
$3,521,157 |
| 23 |
$6,604,350 |
$2,403,940
$505,233 |
$3,695,177 |
| 24 |
$6,934,650 |
$2,526,151
$530,501 |
$3,877,998 |
| 25 |
$7,281,300 |
$2,654,411
$557,019 |
$4,069,870 |
| 26 |
$7,645,500 |
$2,789,165
$584,881 |
$4,271,454 |
| 27 |
$8,027,700 |
$2,930,579
$614,119 |
$4,483,002 |
| 28 |
$8,429,100 |
$3,079,097
$644,826 |
$4,705,177 |
| 29 |
$8,850,600 |
$3,235,052
$677,071 |
$4,938,477 |
| 30 |
$9,293,100 |
$3,398,777
$710,922 |
$5,183,401 |
|
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