The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 May 20, 2025 |
|---|
| Draw Date | Tue May 20, 2025 | | Projected Jackpot | $139,000,000 | | Cash Value | $62,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,300,000 | | Federal Tax(24%) | $14,952,000 | | Additional Federal Tax | $8,059,330 | | State Tax(7.65%) | $4,765,950 | | Net Lumpsum Payment | $34,522,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,092,089 |
$734,403
$160,045 |
$1,197,641 |
| 2 |
$2,196,756 |
$773,130
$168,052 |
$1,255,574 |
| 3 |
$2,306,566 |
$813,760
$176,452 |
$1,316,354 |
| 4 |
$2,421,936 |
$856,447
$185,278 |
$1,380,211 |
| 5 |
$2,543,005 |
$901,242
$194,540 |
$1,447,223 |
| 6 |
$2,670,190 |
$948,301
$204,270 |
$1,517,619 |
| 7 |
$2,803,630 |
$997,673
$214,478 |
$1,591,479 |
| 8 |
$2,943,881 |
$1,049,566
$225,207 |
$1,669,108 |
| 9 |
$3,091,082 |
$1,104,031
$236,468 |
$1,750,583 |
| 10 |
$3,245,650 |
$1,161,221
$248,292 |
$1,836,137 |
| 11 |
$3,407,863 |
$1,221,240
$260,702 |
$1,925,921 |
| 12 |
$3,578,277 |
$1,284,293
$273,738 |
$2,020,246 |
| 13 |
$3,757,170 |
$1,350,483
$287,424 |
$2,119,263 |
| 14 |
$3,945,098 |
$1,420,017
$301,800 |
$2,223,281 |
| 15 |
$4,142,339 |
$1,492,996
$316,889 |
$2,332,454 |
| 16 |
$4,349,449 |
$1,569,627
$332,733 |
$2,447,089 |
| 17 |
$4,566,845 |
$1,650,063
$349,364 |
$2,567,418 |
| 18 |
$4,795,222 |
$1,734,563
$366,834 |
$2,693,825 |
| 19 |
$5,034,997 |
$1,823,279
$385,177 |
$2,826,541 |
| 20 |
$5,286,726 |
$1,916,419
$404,435 |
$2,965,872 |
| 21 |
$5,551,104 |
$2,014,239
$424,659 |
$3,112,206 |
| 22 |
$5,828,687 |
$2,116,945
$445,895 |
$3,265,847 |
| 23 |
$6,120,031 |
$2,224,742
$468,182 |
$3,427,107 |
| 24 |
$6,426,109 |
$2,337,991
$491,597 |
$3,596,521 |
| 25 |
$6,747,338 |
$2,456,845
$516,171 |
$3,774,322 |
| 26 |
$7,084,830 |
$2,581,717
$541,989 |
$3,961,124 |
| 27 |
$7,439,002 |
$2,712,761
$569,084 |
$4,157,157 |
| 28 |
$7,810,966 |
$2,850,388
$597,539 |
$4,363,039 |
| 29 |
$8,201,556 |
$2,994,906
$627,419 |
$4,579,231 |
| 30 |
$8,611,606 |
$3,146,625
$658,788 |
$4,806,193 |
|
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