The jackpot for the MEGA Millions draw on Fri Mar 14, 2025, is projected to be $277 Million, with an option for a cash payout of $129.5 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 Mar 14, 2025 |
|---|
| Draw Date | Fri Mar 14, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $129,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $129,500,000 | | Federal Tax(24%) | $31,080,000 | | Additional Federal Tax | $16,795,330 | | State Tax(7.65%) | $9,906,750 | | Net Lumpsum Payment | $71,717,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$318,938 |
$2,347,282 |
| 2 |
$4,377,708 |
$1,580,082
$334,895 |
$2,462,731 |
| 3 |
$4,596,538 |
$1,661,049
$351,635 |
$2,583,854 |
| 4 |
$4,826,448 |
$1,746,116
$369,223 |
$2,711,109 |
| 5 |
$5,067,715 |
$1,835,385
$387,680 |
$2,844,650 |
| 6 |
$5,321,170 |
$1,929,163
$407,070 |
$2,984,937 |
| 7 |
$5,587,090 |
$2,027,554
$427,412 |
$3,132,124 |
| 8 |
$5,866,583 |
$2,130,966
$448,794 |
$3,286,823 |
| 9 |
$6,159,926 |
$2,239,503
$471,234 |
$3,449,189 |
| 10 |
$6,467,950 |
$2,353,472
$494,798 |
$3,619,680 |
| 11 |
$6,791,209 |
$2,473,078
$519,527 |
$3,798,604 |
| 12 |
$7,130,811 |
$2,598,730
$545,507 |
$3,986,574 |
| 13 |
$7,487,310 |
$2,730,635
$572,779 |
$4,183,896 |
| 14 |
$7,861,814 |
$2,869,202
$601,429 |
$4,391,183 |
| 15 |
$8,254,877 |
$3,014,635
$631,498 |
$4,608,744 |
| 16 |
$8,667,607 |
$3,167,345
$663,072 |
$4,837,190 |
| 17 |
$9,100,835 |
$3,327,639
$696,214 |
$5,076,982 |
| 18 |
$9,555,946 |
$3,496,030
$731,030 |
$5,328,886 |
| 19 |
$10,033,771 |
$3,672,826
$767,583 |
$5,593,362 |
| 20 |
$10,535,418 |
$3,858,435
$805,959 |
$5,871,024 |
| 21 |
$11,062,272 |
$4,053,371
$846,264 |
$6,162,637 |
| 22 |
$11,615,441 |
$4,258,044
$888,581 |
$6,468,816 |
| 23 |
$12,196,033 |
$4,472,863
$932,997 |
$6,790,173 |
| 24 |
$12,805,987 |
$4,698,546
$979,658 |
$7,127,783 |
| 25 |
$13,446,134 |
$4,935,400
$1,028,629 |
$7,482,105 |
| 26 |
$14,118,690 |
$5,184,246
$1,080,080 |
$7,854,364 |
| 27 |
$14,824,486 |
$5,445,390
$1,134,073 |
$8,245,023 |
| 28 |
$15,565,738 |
$5,719,653
$1,190,779 |
$8,655,306 |
| 29 |
$16,344,108 |
$6,007,650
$1,250,324 |
$9,086,134 |
| 30 |
$17,161,258 |
$6,309,996
$1,312,836 |
$9,538,426 |
|
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