The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(7.65%) | $15,537,150 | | Net Lumpsum Payment | $112,455,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$504,314 |
$3,688,529 |
| 2 |
$6,922,152 |
$2,521,527
$529,545 |
$3,871,080 |
| 3 |
$7,268,172 |
$2,649,554
$556,015 |
$4,062,603 |
| 4 |
$7,631,712 |
$2,784,064
$583,826 |
$4,263,822 |
| 5 |
$8,013,210 |
$2,925,218
$613,011 |
$4,474,981 |
| 6 |
$8,413,980 |
$3,073,503
$643,669 |
$4,696,808 |
| 7 |
$8,834,460 |
$3,229,081
$675,836 |
$4,929,543 |
| 8 |
$9,276,402 |
$3,392,599
$709,645 |
$5,174,158 |
| 9 |
$9,740,244 |
$3,564,221
$745,129 |
$5,430,894 |
| 10 |
$10,227,300 |
$3,744,431
$782,388 |
$5,700,481 |
| 11 |
$10,738,446 |
$3,933,555
$821,491 |
$5,983,400 |
| 12 |
$11,275,434 |
$4,132,241
$862,571 |
$6,280,622 |
| 13 |
$11,839,140 |
$4,340,812
$905,694 |
$6,592,634 |
| 14 |
$12,431,316 |
$4,559,917
$950,996 |
$6,920,403 |
| 15 |
$13,052,838 |
$4,789,880
$998,542 |
$7,264,416 |
| 16 |
$13,705,458 |
$5,031,350
$1,048,468 |
$7,625,640 |
| 17 |
$14,390,490 |
$5,284,812
$1,100,872 |
$8,004,806 |
| 18 |
$15,110,124 |
$5,551,076
$1,155,924 |
$8,403,124 |
| 19 |
$15,865,674 |
$5,830,630
$1,213,724 |
$8,821,320 |
| 20 |
$16,658,892 |
$6,124,120
$1,274,405 |
$9,260,367 |
| 21 |
$17,491,968 |
$6,432,359
$1,338,136 |
$9,721,473 |
| 22 |
$18,366,654 |
$6,755,992
$1,405,049 |
$10,205,613 |
| 23 |
$19,284,702 |
$7,095,670
$1,475,280 |
$10,713,752 |
| 24 |
$20,249,178 |
$7,452,526
$1,549,062 |
$11,247,590 |
| 25 |
$21,261,396 |
$7,827,047
$1,626,497 |
$11,807,852 |
| 26 |
$22,324,860 |
$8,220,529
$1,707,852 |
$12,396,479 |
| 27 |
$23,440,884 |
$8,633,457
$1,793,228 |
$13,014,199 |
| 28 |
$24,612,972 |
$9,067,130
$1,882,892 |
$13,662,950 |
| 29 |
$25,843,752 |
$9,522,519
$1,977,047 |
$14,344,186 |
| 30 |
$27,135,852 |
$10,000,596
$2,075,893 |
$15,059,363 |
|
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