The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(7.65%) | $11,941,650 | | Net Lumpsum Payment | $86,441,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$398,385 |
$2,922,102 |
| 2 |
$5,468,184 |
$1,983,558
$418,316 |
$3,066,310 |
| 3 |
$5,741,524 |
$2,084,694
$439,227 |
$3,217,603 |
| 4 |
$6,028,704 |
$2,190,951
$461,196 |
$3,376,557 |
| 5 |
$6,330,070 |
$2,302,456
$484,250 |
$3,543,364 |
| 6 |
$6,646,660 |
$2,419,595
$508,469 |
$3,718,596 |
| 7 |
$6,978,820 |
$2,542,494
$533,880 |
$3,902,446 |
| 8 |
$7,327,934 |
$2,671,666
$560,587 |
$4,095,681 |
| 9 |
$7,694,348 |
$2,807,239
$588,618 |
$4,298,491 |
| 10 |
$8,079,100 |
$2,949,597
$618,051 |
$4,511,452 |
| 11 |
$8,482,882 |
$3,098,997
$648,940 |
$4,734,945 |
| 12 |
$8,907,078 |
$3,255,949
$681,391 |
$4,969,738 |
| 13 |
$9,352,380 |
$3,420,711
$715,457 |
$5,216,212 |
| 14 |
$9,820,172 |
$3,593,794
$751,243 |
$5,475,135 |
| 15 |
$10,311,146 |
$3,775,454
$788,803 |
$5,746,889 |
| 16 |
$10,826,686 |
$3,966,204
$828,241 |
$6,032,241 |
| 17 |
$11,367,830 |
$4,166,427
$869,639 |
$6,331,764 |
| 18 |
$11,936,308 |
$4,376,764
$913,128 |
$6,646,416 |
| 19 |
$12,533,158 |
$4,597,599
$958,787 |
$6,976,772 |
| 20 |
$13,159,764 |
$4,829,443
$1,006,722 |
$7,323,599 |
| 21 |
$13,817,856 |
$5,072,937
$1,057,066 |
$7,687,853 |
| 22 |
$14,508,818 |
$5,328,593
$1,109,925 |
$8,070,300 |
| 23 |
$15,234,034 |
$5,596,923
$1,165,404 |
$8,471,707 |
| 24 |
$15,995,926 |
$5,878,823
$1,223,688 |
$8,893,415 |
| 25 |
$16,795,532 |
$6,174,677
$1,284,858 |
$9,335,997 |
| 26 |
$17,635,620 |
$6,485,510
$1,349,125 |
$9,800,985 |
| 27 |
$18,517,228 |
$6,811,705
$1,416,568 |
$10,288,955 |
| 28 |
$19,443,124 |
$7,154,286
$1,487,399 |
$10,801,439 |
| 29 |
$20,415,384 |
$7,514,022
$1,561,777 |
$11,339,585 |
| 30 |
$21,436,084 |
$7,891,681
$1,639,860 |
$11,904,543 |
|
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