The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(7.65%) | $14,267,250 | | Net Lumpsum Payment | $103,267,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$510,071 |
$3,730,182 |
| 2 |
$7,001,172 |
$2,550,764
$535,590 |
$3,914,818 |
| 3 |
$7,351,142 |
$2,680,253
$562,362 |
$4,108,527 |
| 4 |
$7,718,832 |
$2,816,298
$590,491 |
$4,312,043 |
| 5 |
$8,104,685 |
$2,959,064
$620,008 |
$4,525,613 |
| 6 |
$8,510,030 |
$3,109,041
$651,017 |
$4,749,972 |
| 7 |
$8,935,310 |
$3,266,395
$683,551 |
$4,985,364 |
| 8 |
$9,382,297 |
$3,431,780
$717,746 |
$5,232,771 |
| 9 |
$9,851,434 |
$3,605,361
$753,635 |
$5,492,438 |
| 10 |
$10,344,050 |
$3,787,629
$791,320 |
$5,765,101 |
| 11 |
$10,861,031 |
$3,978,912
$830,869 |
$6,051,250 |
| 12 |
$11,404,149 |
$4,179,866
$872,417 |
$6,351,866 |
| 13 |
$11,974,290 |
$4,390,818
$916,033 |
$6,667,439 |
| 14 |
$12,573,226 |
$4,612,424
$961,852 |
$6,998,950 |
| 15 |
$13,201,843 |
$4,845,012
$1,009,941 |
$7,346,890 |
| 16 |
$13,861,913 |
$5,089,238
$1,060,436 |
$7,712,239 |
| 17 |
$14,554,765 |
$5,345,593
$1,113,440 |
$8,095,732 |
| 18 |
$15,282,614 |
$5,614,898
$1,169,120 |
$8,498,596 |
| 19 |
$16,046,789 |
$5,897,642
$1,227,579 |
$8,921,568 |
| 20 |
$16,849,062 |
$6,194,483
$1,288,953 |
$9,365,626 |
| 21 |
$17,691,648 |
$6,506,240
$1,353,411 |
$9,831,997 |
| 22 |
$18,576,319 |
$6,833,568
$1,421,088 |
$10,321,663 |
| 23 |
$19,504,847 |
$7,177,124
$1,492,121 |
$10,835,602 |
| 24 |
$20,480,333 |
$7,538,054
$1,566,745 |
$11,375,534 |
| 25 |
$21,504,106 |
$7,916,850
$1,645,064 |
$11,942,192 |
| 26 |
$22,579,710 |
$8,314,823
$1,727,348 |
$12,537,539 |
| 27 |
$23,708,474 |
$8,732,466
$1,813,698 |
$13,162,310 |
| 28 |
$24,893,942 |
$9,171,089
$1,904,387 |
$13,818,466 |
| 29 |
$26,138,772 |
$9,631,676
$1,999,616 |
$14,507,480 |
| 30 |
$27,445,622 |
$10,115,211
$2,099,590 |
$15,230,821 |
|
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