The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(7.65%) | $24,740,100 | | Net Lumpsum Payment | $179,041,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$855,491 |
$6,229,401 |
| 2 |
$11,742,372 |
$4,305,008
$898,291 |
$6,539,073 |
| 3 |
$12,329,342 |
$4,522,187
$943,195 |
$6,863,960 |
| 4 |
$12,946,032 |
$4,750,362
$990,371 |
$7,205,299 |
| 5 |
$13,593,185 |
$4,989,809
$1,039,879 |
$7,563,497 |
| 6 |
$14,273,030 |
$5,241,351
$1,091,887 |
$7,939,792 |
| 7 |
$14,986,310 |
$5,505,265
$1,146,453 |
$8,334,592 |
| 8 |
$15,735,997 |
$5,782,649
$1,203,804 |
$8,749,544 |
| 9 |
$16,522,834 |
$6,073,779
$1,263,997 |
$9,185,058 |
| 10 |
$17,349,050 |
$6,379,479
$1,327,202 |
$9,642,369 |
| 11 |
$18,216,131 |
$6,700,299
$1,393,534 |
$10,122,298 |
| 12 |
$19,127,049 |
$7,037,339
$1,463,219 |
$10,626,491 |
| 13 |
$20,083,290 |
$7,391,148
$1,536,372 |
$11,155,770 |
| 14 |
$21,087,826 |
$7,762,826
$1,613,219 |
$11,711,781 |
| 15 |
$22,142,143 |
$8,152,923
$1,693,874 |
$12,295,346 |
| 16 |
$23,249,213 |
$8,562,539
$1,778,565 |
$12,908,109 |
| 17 |
$24,411,265 |
$8,992,498
$1,867,462 |
$13,551,305 |
| 18 |
$25,632,014 |
$9,444,176
$1,960,849 |
$14,226,989 |
| 19 |
$26,913,689 |
$9,918,395
$2,058,897 |
$14,936,397 |
| 20 |
$28,259,262 |
$10,416,257
$2,161,834 |
$15,681,171 |
| 21 |
$29,672,448 |
$10,939,136
$2,269,942 |
$16,463,370 |
| 22 |
$31,156,219 |
$11,488,131
$2,383,451 |
$17,284,637 |
| 23 |
$32,713,547 |
$12,064,343
$2,502,586 |
$18,146,618 |
| 24 |
$34,349,633 |
$12,669,695
$2,627,747 |
$19,052,191 |
| 25 |
$36,066,706 |
$13,305,012
$2,759,103 |
$20,002,591 |
| 26 |
$37,870,710 |
$13,972,493
$2,897,109 |
$21,001,108 |
| 27 |
$39,763,874 |
$14,672,964
$3,041,936 |
$22,048,974 |
| 28 |
$41,752,142 |
$15,408,623
$3,194,039 |
$23,149,480 |
| 29 |
$43,839,972 |
$16,181,120
$3,353,758 |
$24,305,094 |
| 30 |
$46,031,822 |
$16,992,105
$3,521,434 |
$25,518,283 |
|
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