The jackpot for the MEGA Millions draw on Tue Jul 1, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Tue Jul 1, 2025 |
|---|
| Draw Date | Tue Jul 1, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(7.65%) | $1,713,600 | | Net Lumpsum Payment | $12,438,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$57,570 |
$456,206 |
| 2 |
$790,200 |
$252,704
$60,450 |
$477,046 |
| 3 |
$829,700 |
$267,319
$63,472 |
$498,909 |
| 4 |
$871,200 |
$282,674
$66,647 |
$521,879 |
| 5 |
$914,750 |
$298,788
$69,978 |
$545,984 |
| 6 |
$960,500 |
$315,715
$73,478 |
$571,307 |
| 7 |
$1,008,500 |
$333,475
$77,150 |
$597,875 |
| 8 |
$1,058,950 |
$352,142
$81,010 |
$625,798 |
| 9 |
$1,111,900 |
$371,733
$85,060 |
$655,107 |
| 10 |
$1,167,500 |
$392,305
$89,314 |
$685,881 |
| 11 |
$1,225,850 |
$413,895
$93,778 |
$718,177 |
| 12 |
$1,287,150 |
$436,576
$98,467 |
$752,107 |
| 13 |
$1,351,500 |
$460,385
$103,390 |
$787,725 |
| 14 |
$1,419,100 |
$485,397
$108,561 |
$825,142 |
| 15 |
$1,490,050 |
$511,649
$113,989 |
$864,412 |
| 16 |
$1,564,550 |
$539,214
$119,688 |
$905,648 |
| 17 |
$1,642,750 |
$568,148
$125,670 |
$948,932 |
| 18 |
$1,724,900 |
$598,543
$131,955 |
$994,402 |
| 19 |
$1,811,150 |
$630,456
$138,553 |
$1,042,141 |
| 20 |
$1,901,700 |
$663,959
$145,480 |
$1,092,261 |
| 21 |
$1,996,800 |
$699,146
$152,755 |
$1,144,899 |
| 22 |
$2,096,650 |
$736,091
$160,394 |
$1,200,165 |
| 23 |
$2,201,450 |
$774,867
$168,411 |
$1,258,172 |
| 24 |
$2,311,550 |
$815,604
$176,834 |
$1,319,112 |
| 25 |
$2,427,100 |
$858,357
$185,673 |
$1,383,070 |
| 26 |
$2,548,500 |
$903,275
$194,960 |
$1,450,265 |
| 27 |
$2,675,900 |
$950,413
$204,706 |
$1,520,781 |
| 28 |
$2,809,700 |
$999,919
$214,942 |
$1,594,839 |
| 29 |
$2,950,200 |
$1,051,904
$225,690 |
$1,672,606 |
| 30 |
$3,097,700 |
$1,106,479
$236,974 |
$1,754,247 |
|
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