The jackpot for the MEGA Millions draw on Tue Jul 15, 2025, is projected to be $90 Million, with an option for a cash payout of $39.9 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 15, 2025 |
|---|
| Draw Date | Tue Jul 15, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $39,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $39,900,000 | | Federal Tax(24%) | $9,576,000 | | Additional Federal Tax | $5,147,330 | | State Tax(7.65%) | $3,052,350 | | Net Lumpsum Payment | $22,124,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$103,626 |
$789,435 |
| 2 |
$1,422,360 |
$486,604
$108,811 |
$826,945 |
| 3 |
$1,493,460 |
$512,911
$114,250 |
$866,299 |
| 4 |
$1,568,160 |
$540,550
$119,964 |
$907,646 |
| 5 |
$1,646,550 |
$569,554
$125,961 |
$951,035 |
| 6 |
$1,728,900 |
$600,023
$132,261 |
$996,616 |
| 7 |
$1,815,300 |
$631,991
$138,870 |
$1,044,439 |
| 8 |
$1,906,110 |
$665,591
$145,817 |
$1,094,702 |
| 9 |
$2,001,420 |
$700,856
$153,109 |
$1,147,455 |
| 10 |
$2,101,500 |
$737,885
$160,765 |
$1,202,850 |
| 11 |
$2,206,530 |
$776,746
$168,800 |
$1,260,984 |
| 12 |
$2,316,870 |
$817,572
$177,241 |
$1,322,057 |
| 13 |
$2,432,700 |
$860,429
$186,102 |
$1,386,169 |
| 14 |
$2,554,380 |
$905,451
$195,410 |
$1,453,519 |
| 15 |
$2,682,090 |
$952,704
$205,180 |
$1,524,206 |
| 16 |
$2,816,190 |
$1,002,321
$215,439 |
$1,598,430 |
| 17 |
$2,956,950 |
$1,054,402
$226,207 |
$1,676,341 |
| 18 |
$3,104,820 |
$1,109,114
$237,519 |
$1,758,187 |
| 19 |
$3,260,070 |
$1,166,556
$249,395 |
$1,844,119 |
| 20 |
$3,423,060 |
$1,226,863
$261,864 |
$1,934,333 |
| 21 |
$3,594,240 |
$1,290,199
$274,959 |
$2,029,082 |
| 22 |
$3,773,970 |
$1,356,699
$288,709 |
$2,128,562 |
| 23 |
$3,962,610 |
$1,426,496
$303,140 |
$2,232,974 |
| 24 |
$4,160,790 |
$1,499,823
$318,300 |
$2,342,667 |
| 25 |
$4,368,780 |
$1,576,779
$334,212 |
$2,457,789 |
| 26 |
$4,587,300 |
$1,657,631
$350,928 |
$2,578,741 |
| 27 |
$4,816,620 |
$1,742,480
$368,471 |
$2,705,669 |
| 28 |
$5,057,460 |
$1,831,591
$386,896 |
$2,838,973 |
| 29 |
$5,310,360 |
$1,925,164
$406,243 |
$2,978,953 |
| 30 |
$5,575,860 |
$2,023,399
$426,553 |
$3,125,908 |
|
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