The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(7.65%) | $3,779,100 | | Net Lumpsum Payment | $27,382,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$126,654 |
$956,050 |
| 2 |
$1,738,440 |
$603,553
$132,991 |
$1,001,896 |
| 3 |
$1,825,340 |
$635,706
$139,639 |
$1,049,995 |
| 4 |
$1,916,640 |
$669,487
$146,623 |
$1,100,530 |
| 5 |
$2,012,450 |
$704,937
$153,952 |
$1,153,561 |
| 6 |
$2,113,100 |
$742,177
$161,652 |
$1,209,271 |
| 7 |
$2,218,700 |
$781,249
$169,731 |
$1,267,720 |
| 8 |
$2,329,690 |
$822,316
$178,221 |
$1,329,153 |
| 9 |
$2,446,180 |
$865,417
$187,133 |
$1,393,630 |
| 10 |
$2,568,500 |
$910,675
$196,490 |
$1,461,335 |
| 11 |
$2,696,870 |
$958,172
$206,311 |
$1,532,387 |
| 12 |
$2,831,730 |
$1,008,070
$216,627 |
$1,607,033 |
| 13 |
$2,973,300 |
$1,060,451
$227,457 |
$1,685,392 |
| 14 |
$3,122,020 |
$1,115,478
$238,835 |
$1,767,707 |
| 15 |
$3,278,110 |
$1,173,231
$250,775 |
$1,854,104 |
| 16 |
$3,442,010 |
$1,233,874
$263,314 |
$1,944,822 |
| 17 |
$3,614,050 |
$1,297,529
$276,475 |
$2,040,046 |
| 18 |
$3,794,780 |
$1,364,399
$290,301 |
$2,140,080 |
| 19 |
$3,984,530 |
$1,434,606
$304,817 |
$2,245,107 |
| 20 |
$4,183,740 |
$1,508,314
$320,056 |
$2,355,370 |
| 21 |
$4,392,960 |
$1,585,726
$336,061 |
$2,471,173 |
| 22 |
$4,612,630 |
$1,667,003
$352,866 |
$2,592,761 |
| 23 |
$4,843,190 |
$1,752,311
$370,504 |
$2,720,375 |
| 24 |
$5,085,410 |
$1,841,932
$389,034 |
$2,854,444 |
| 25 |
$5,339,620 |
$1,935,990
$408,481 |
$2,995,149 |
| 26 |
$5,606,700 |
$2,034,809
$428,913 |
$3,142,978 |
| 27 |
$5,886,980 |
$2,138,513
$450,354 |
$3,298,113 |
| 28 |
$6,181,340 |
$2,247,426
$472,873 |
$3,461,041 |
| 29 |
$6,490,440 |
$2,361,793
$496,519 |
$3,632,128 |
| 30 |
$6,814,940 |
$2,481,858
$521,343 |
$3,811,739 |
|
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