The jackpot for the MEGA Millions draw on Fri Oct 16, 2026, is projected to be $403 Million, with an option for a cash payout of $162.1 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 Fri Oct 16, 2026 |
|---|
| Draw Date | Fri Oct 16, 2026 | | Projected Jackpot | $403,000,000 | | Cash Value | $162,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $162,100,000 | | Federal Tax(24%) | $38,904,000 | | Additional Federal Tax | $21,033,330 | | State Tax(7.65%) | $12,400,650 | | Net Lumpsum Payment | $89,762,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,065,553 |
$2,204,585
$464,015 |
$3,396,953 |
| 2 |
$6,369,012 |
$2,316,865
$487,229 |
$3,564,918 |
| 3 |
$6,687,382 |
$2,434,662
$511,585 |
$3,741,135 |
| 4 |
$7,021,872 |
$2,558,423
$537,173 |
$3,926,276 |
| 5 |
$7,372,885 |
$2,688,298
$564,026 |
$4,120,561 |
| 6 |
$7,741,630 |
$2,824,733
$592,235 |
$4,324,662 |
| 7 |
$8,128,510 |
$2,967,879
$621,831 |
$4,538,800 |
| 8 |
$8,535,137 |
$3,118,331
$652,938 |
$4,763,868 |
| 9 |
$8,961,914 |
$3,276,239
$685,586 |
$5,000,089 |
| 10 |
$9,410,050 |
$3,442,049
$719,869 |
$5,248,132 |
| 11 |
$9,880,351 |
$3,616,060
$755,847 |
$5,508,444 |
| 12 |
$10,374,429 |
$3,798,869
$793,644 |
$5,781,916 |
| 13 |
$10,893,090 |
$3,990,774
$833,321 |
$6,068,995 |
| 14 |
$11,437,946 |
$4,192,370
$875,003 |
$6,370,573 |
| 15 |
$12,009,803 |
$4,403,957
$918,750 |
$6,687,096 |
| 16 |
$12,610,273 |
$4,626,131
$964,686 |
$7,019,456 |
| 17 |
$13,240,565 |
$4,859,339
$1,012,903 |
$7,368,323 |
| 18 |
$13,902,694 |
$5,104,327
$1,063,556 |
$7,734,811 |
| 19 |
$14,597,869 |
$5,361,542
$1,116,737 |
$8,119,590 |
| 20 |
$15,327,702 |
$5,631,580
$1,172,569 |
$8,523,553 |
| 21 |
$16,094,208 |
$5,915,187
$1,231,207 |
$8,947,814 |
| 22 |
$16,898,999 |
$6,212,960
$1,292,773 |
$9,393,266 |
| 23 |
$17,743,687 |
$6,525,495
$1,357,392 |
$9,860,800 |
| 24 |
$18,631,093 |
$6,853,835
$1,425,279 |
$10,351,979 |
| 25 |
$19,562,426 |
$7,198,428
$1,496,526 |
$10,867,472 |
| 26 |
$20,540,910 |
$7,560,467
$1,571,380 |
$11,409,063 |
| 27 |
$21,567,754 |
$7,940,399
$1,649,933 |
$11,977,422 |
| 28 |
$22,646,182 |
$8,339,418
$1,732,433 |
$12,574,331 |
| 29 |
$23,778,612 |
$8,758,417
$1,819,064 |
$13,201,131 |
| 30 |
$24,967,462 |
$9,198,291
$1,910,011 |
$13,859,160 |
|
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