The jackpot for the MEGA Millions draw on Fri May 8, 2026, is projected to be $215 Million, with an option for a cash payout of $95.2 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 May 8, 2026 |
|---|
| Draw Date | Fri May 8, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $95,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $95,200,000 | | Federal Tax(24%) | $22,848,000 | | Additional Federal Tax | $12,336,330 | | State Tax(7.65%) | $7,282,800 | | Net Lumpsum Payment | $52,732,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$247,551 |
$1,830,777 |
| 2 |
$3,397,860 |
$1,217,539
$259,936 |
$1,920,385 |
| 3 |
$3,567,710 |
$1,280,383
$272,930 |
$2,014,397 |
| 4 |
$3,746,160 |
$1,346,410
$286,581 |
$2,113,169 |
| 5 |
$3,933,425 |
$1,415,698
$300,907 |
$2,216,820 |
| 6 |
$4,130,150 |
$1,488,486
$315,956 |
$2,325,708 |
| 7 |
$4,336,550 |
$1,564,854
$331,746 |
$2,439,950 |
| 8 |
$4,553,485 |
$1,645,120
$348,342 |
$2,560,023 |
| 9 |
$4,781,170 |
$1,729,363
$365,760 |
$2,686,047 |
| 10 |
$5,020,250 |
$1,817,823
$384,049 |
$2,818,378 |
| 11 |
$5,271,155 |
$1,910,658
$403,243 |
$2,957,254 |
| 12 |
$5,534,745 |
$2,008,186
$423,408 |
$3,103,151 |
| 13 |
$5,811,450 |
$2,110,567
$444,576 |
$3,256,307 |
| 14 |
$6,102,130 |
$2,218,118
$466,813 |
$3,417,199 |
| 15 |
$6,407,215 |
$2,331,000
$490,152 |
$3,586,063 |
| 16 |
$6,727,565 |
$2,449,529
$514,659 |
$3,763,377 |
| 17 |
$7,063,825 |
$2,573,946
$540,383 |
$3,949,496 |
| 18 |
$7,417,070 |
$2,704,646
$567,406 |
$4,145,018 |
| 19 |
$7,787,945 |
$2,841,870
$595,778 |
$4,350,297 |
| 20 |
$8,177,310 |
$2,985,935
$625,564 |
$4,565,811 |
| 21 |
$8,586,240 |
$3,137,239
$656,847 |
$4,792,154 |
| 22 |
$9,015,595 |
$3,296,101
$689,693 |
$5,029,801 |
| 23 |
$9,466,235 |
$3,462,837
$724,167 |
$5,279,231 |
| 24 |
$9,939,665 |
$3,638,006
$760,384 |
$5,541,275 |
| 25 |
$10,436,530 |
$3,821,846
$798,395 |
$5,816,289 |
| 26 |
$10,958,550 |
$4,014,994
$838,329 |
$6,105,227 |
| 27 |
$11,506,370 |
$4,217,687
$880,237 |
$6,408,446 |
| 28 |
$12,081,710 |
$4,430,563
$924,251 |
$6,726,896 |
| 29 |
$12,685,860 |
$4,654,099
$970,468 |
$7,061,293 |
| 30 |
$13,320,110 |
$4,888,771
$1,018,988 |
$7,412,351 |
|
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