The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(7.65%) | $11,146,050 | | Net Lumpsum Payment | $80,684,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$371,903 |
$2,730,495 |
| 2 |
$5,104,692 |
$1,849,066
$390,509 |
$2,865,117 |
| 3 |
$5,359,862 |
$1,943,479
$410,029 |
$3,006,354 |
| 4 |
$5,627,952 |
$2,042,673
$430,538 |
$3,154,741 |
| 5 |
$5,909,285 |
$2,146,766
$452,060 |
$3,310,459 |
| 6 |
$6,204,830 |
$2,256,117
$474,669 |
$3,474,044 |
| 7 |
$6,514,910 |
$2,370,847
$498,391 |
$3,645,672 |
| 8 |
$6,840,817 |
$2,491,433
$523,323 |
$3,826,061 |
| 9 |
$7,182,874 |
$2,617,994
$549,490 |
$4,015,390 |
| 10 |
$7,542,050 |
$2,750,889
$576,967 |
$4,214,194 |
| 11 |
$7,918,991 |
$2,890,357
$605,803 |
$4,422,831 |
| 12 |
$8,314,989 |
$3,036,876
$636,097 |
$4,642,016 |
| 13 |
$8,730,690 |
$3,190,686
$667,898 |
$4,872,106 |
| 14 |
$9,167,386 |
$3,352,263
$701,305 |
$5,113,818 |
| 15 |
$9,625,723 |
$3,521,848
$736,368 |
$5,367,507 |
| 16 |
$10,106,993 |
$3,699,918
$773,185 |
$5,633,890 |
| 17 |
$10,612,165 |
$3,886,831
$811,831 |
$5,913,503 |
| 18 |
$11,142,854 |
$4,083,186
$852,428 |
$6,207,240 |
| 19 |
$11,700,029 |
$4,289,341
$895,052 |
$6,515,636 |
| 20 |
$12,284,982 |
$4,505,774
$939,801 |
$6,839,407 |
| 21 |
$12,899,328 |
$4,733,082
$986,799 |
$7,179,447 |
| 22 |
$13,544,359 |
$4,971,743
$1,036,143 |
$7,536,473 |
| 23 |
$14,221,367 |
$5,222,236
$1,087,935 |
$7,911,196 |
| 24 |
$14,932,613 |
$5,485,397
$1,142,345 |
$8,304,871 |
| 25 |
$15,679,066 |
$5,761,585
$1,199,449 |
$8,718,032 |
| 26 |
$16,463,310 |
$6,051,755
$1,259,443 |
$9,152,112 |
| 27 |
$17,286,314 |
$6,356,267
$1,322,403 |
$9,607,644 |
| 28 |
$18,150,662 |
$6,676,075
$1,388,526 |
$10,086,061 |
| 29 |
$19,058,292 |
$7,011,898
$1,457,959 |
$10,588,435 |
| 30 |
$20,011,142 |
$7,364,453
$1,530,852 |
$11,115,837 |
|
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