The jackpot for the MEGA Millions draw on Fri Jul 25, 2025, is projected to be $120 Million, with an option for a cash payout of $52.8 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 25, 2025 |
---|
Draw Date | Fri Jul 25, 2025 | Projected Jackpot | $120,000,000 | Cash Value | $52,800,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $52,800,000 | Federal Tax(24%) | $12,672,000 | Additional Federal Tax | $6,824,330 | State Tax(7.65%) | $4,039,200 | Net Lumpsum Payment | $29,264,470 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,806,120 |
$628,595 $138,168 |
$1,039,357 |
2 |
$1,896,480 |
$662,028 $145,081 |
$1,089,371 |
3 |
$1,991,280 |
$697,104 $152,333 |
$1,141,843 |
4 |
$2,090,880 |
$733,956 $159,952 |
$1,196,972 |
5 |
$2,195,400 |
$772,628 $167,948 |
$1,254,824 |
6 |
$2,305,200 |
$813,254 $176,348 |
$1,315,598 |
7 |
$2,420,400 |
$855,878 $185,161 |
$1,379,361 |
8 |
$2,541,480 |
$900,678 $194,423 |
$1,446,379 |
9 |
$2,668,560 |
$947,698 $204,145 |
$1,516,717 |
10 |
$2,802,000 |
$997,070 $214,353 |
$1,590,577 |
11 |
$2,942,040 |
$1,048,885 $225,066 |
$1,668,089 |
12 |
$3,089,160 |
$1,103,320 $236,321 |
$1,749,519 |
13 |
$3,243,600 |
$1,160,462 $248,135 |
$1,835,003 |
14 |
$3,405,840 |
$1,220,491 $260,547 |
$1,924,802 |
15 |
$3,576,120 |
$1,283,495 $273,573 |
$2,019,052 |
16 |
$3,754,920 |
$1,349,651 $287,251 |
$2,118,018 |
17 |
$3,942,600 |
$1,419,092 $301,609 |
$2,221,899 |
18 |
$4,139,760 |
$1,492,042 $316,692 |
$2,331,026 |
19 |
$4,346,760 |
$1,568,632 $332,527 |
$2,445,601 |
20 |
$4,564,080 |
$1,649,040 $349,152 |
$2,565,888 |
21 |
$4,792,320 |
$1,733,489 $366,612 |
$2,692,219 |
22 |
$5,031,960 |
$1,822,156 $384,945 |
$2,824,859 |
23 |
$5,283,480 |
$1,915,218 $404,186 |
$2,964,076 |
24 |
$5,547,720 |
$2,012,987 $424,401 |
$3,110,332 |
25 |
$5,825,040 |
$2,115,595 $445,616 |
$3,263,829 |
26 |
$6,116,400 |
$2,223,398 $467,905 |
$3,425,097 |
27 |
$6,422,160 |
$2,336,530 $491,295 |
$3,594,335 |
28 |
$6,743,280 |
$2,455,344 $515,861 |
$3,772,075 |
29 |
$7,080,480 |
$2,580,108 $541,657 |
$3,958,715 |
30 |
$7,434,480 |
$2,711,088 $568,738 |
$4,154,654 |
|
|