The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(7.65%) | $16,248,600 | | Net Lumpsum Payment | $117,603,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$527,342 |
$3,855,143 |
| 2 |
$7,238,232 |
$2,638,476
$553,725 |
$4,046,031 |
| 3 |
$7,600,052 |
$2,772,350
$581,404 |
$4,246,298 |
| 4 |
$7,980,192 |
$2,913,001
$610,485 |
$4,456,706 |
| 5 |
$8,379,110 |
$3,060,601
$641,002 |
$4,677,507 |
| 6 |
$8,798,180 |
$3,215,657
$673,061 |
$4,909,462 |
| 7 |
$9,237,860 |
$3,378,339
$706,696 |
$5,152,825 |
| 8 |
$9,699,982 |
$3,549,324
$742,049 |
$5,408,609 |
| 9 |
$10,185,004 |
$3,728,782
$779,153 |
$5,677,069 |
| 10 |
$10,694,300 |
$3,917,221
$818,114 |
$5,958,965 |
| 11 |
$11,228,786 |
$4,114,981
$859,002 |
$6,254,803 |
| 12 |
$11,790,294 |
$4,322,739
$901,957 |
$6,565,598 |
| 13 |
$12,379,740 |
$4,540,834
$947,050 |
$6,891,856 |
| 14 |
$12,998,956 |
$4,769,944
$994,420 |
$7,234,592 |
| 15 |
$13,648,858 |
$5,010,408
$1,044,138 |
$7,594,312 |
| 16 |
$14,331,278 |
$5,262,903
$1,096,343 |
$7,972,032 |
| 17 |
$15,047,590 |
$5,527,939
$1,151,141 |
$8,368,510 |
| 18 |
$15,800,084 |
$5,806,361
$1,208,706 |
$8,785,017 |
| 19 |
$16,590,134 |
$6,098,680
$1,269,145 |
$9,222,309 |
| 20 |
$17,419,572 |
$6,405,572
$1,332,597 |
$9,681,403 |
| 21 |
$18,290,688 |
$6,727,885
$1,399,238 |
$10,163,565 |
| 22 |
$19,205,314 |
$7,066,297
$1,469,207 |
$10,669,810 |
| 23 |
$20,165,282 |
$7,421,485
$1,542,644 |
$11,201,153 |
| 24 |
$21,173,798 |
$7,794,636
$1,619,796 |
$11,759,366 |
| 25 |
$22,232,236 |
$8,186,258
$1,700,766 |
$12,345,212 |
| 26 |
$23,344,260 |
$8,597,707
$1,785,836 |
$12,960,717 |
| 27 |
$24,511,244 |
$9,029,491
$1,875,110 |
$13,606,643 |
| 28 |
$25,736,852 |
$9,482,966
$1,968,869 |
$14,285,017 |
| 29 |
$27,023,832 |
$9,959,148
$2,067,323 |
$14,997,361 |
| 30 |
$28,374,932 |
$10,459,055
$2,170,682 |
$15,745,195 |
|
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