The jackpot for the MEGA Millions draw on Fri Jul 3, 2026, is projected to be $542 Million, with an option for a cash payout of $242 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 Jul 3, 2026 |
|---|
| Draw Date | Fri Jul 3, 2026 | | Projected Jackpot | $542,000,000 | | Cash Value | $242,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $242,000,000 | | Federal Tax(24%) | $58,080,000 | | Additional Federal Tax | $31,420,330 | | State Tax(7.65%) | $18,513,000 | | Net Lumpsum Payment | $133,986,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,157,642 |
$2,978,658
$624,060 |
$4,554,924 |
| 2 |
$8,565,768 |
$3,129,665
$655,281 |
$4,780,822 |
| 3 |
$8,993,948 |
$3,288,091
$688,037 |
$5,017,820 |
| 4 |
$9,443,808 |
$3,454,539
$722,451 |
$5,266,818 |
| 5 |
$9,915,890 |
$3,629,210
$758,566 |
$5,528,114 |
| 6 |
$10,411,820 |
$3,812,704
$796,504 |
$5,802,612 |
| 7 |
$10,932,140 |
$4,005,222
$836,309 |
$6,090,609 |
| 8 |
$11,479,018 |
$4,207,567
$878,145 |
$6,393,306 |
| 9 |
$12,052,996 |
$4,419,939
$922,054 |
$6,711,003 |
| 10 |
$12,655,700 |
$4,642,939
$968,161 |
$7,044,600 |
| 11 |
$13,288,214 |
$4,876,970
$1,016,548 |
$7,394,696 |
| 12 |
$13,952,706 |
$5,122,832
$1,067,382 |
$7,762,492 |
| 13 |
$14,650,260 |
$5,380,927
$1,120,745 |
$8,148,588 |
| 14 |
$15,383,044 |
$5,652,057
$1,176,803 |
$8,554,184 |
| 15 |
$16,152,142 |
$5,936,623
$1,235,639 |
$8,979,880 |
| 16 |
$16,959,722 |
$6,235,428
$1,297,419 |
$9,426,875 |
| 17 |
$17,807,410 |
$6,549,072
$1,362,267 |
$9,896,071 |
| 18 |
$18,697,916 |
$6,878,559
$1,430,391 |
$10,388,966 |
| 19 |
$19,632,866 |
$7,224,491
$1,501,914 |
$10,906,461 |
| 20 |
$20,614,428 |
$7,587,669
$1,577,004 |
$11,449,755 |
| 21 |
$21,645,312 |
$7,969,096
$1,655,866 |
$12,020,350 |
| 22 |
$22,727,686 |
$8,369,574
$1,738,668 |
$12,619,444 |
| 23 |
$23,863,718 |
$8,789,906
$1,825,574 |
$13,248,238 |
| 24 |
$25,057,202 |
$9,231,495
$1,916,876 |
$13,908,831 |
| 25 |
$26,309,764 |
$9,694,943
$2,012,697 |
$14,602,124 |
| 26 |
$27,625,740 |
$10,181,854
$2,113,369 |
$15,330,517 |
| 27 |
$29,006,756 |
$10,692,830
$2,219,017 |
$16,094,909 |
| 28 |
$30,457,148 |
$11,229,475
$2,329,972 |
$16,897,701 |
| 29 |
$31,980,168 |
$11,792,993
$2,446,483 |
$17,740,692 |
| 30 |
$33,579,068 |
$12,384,586
$2,568,799 |
$18,625,683 |
|
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