The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(7.65%) | $5,752,800 | | Net Lumpsum Payment | $41,662,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$191,133 |
$1,422,570 |
| 2 |
$2,623,464 |
$931,012
$200,695 |
$1,491,757 |
| 3 |
$2,754,604 |
$979,534
$210,727 |
$1,564,343 |
| 4 |
$2,892,384 |
$1,030,512
$221,267 |
$1,640,605 |
| 5 |
$3,036,970 |
$1,084,009
$232,328 |
$1,720,633 |
| 6 |
$3,188,860 |
$1,140,209
$243,948 |
$1,804,703 |
| 7 |
$3,348,220 |
$1,199,172
$256,139 |
$1,892,909 |
| 8 |
$3,515,714 |
$1,261,145
$268,952 |
$1,985,617 |
| 9 |
$3,691,508 |
$1,326,188
$282,400 |
$2,082,920 |
| 10 |
$3,876,100 |
$1,394,487
$296,522 |
$2,185,091 |
| 11 |
$4,069,822 |
$1,466,165
$311,341 |
$2,292,316 |
| 12 |
$4,273,338 |
$1,541,465
$326,910 |
$2,404,963 |
| 13 |
$4,486,980 |
$1,620,513
$343,254 |
$2,523,213 |
| 14 |
$4,711,412 |
$1,703,553
$360,423 |
$2,647,436 |
| 15 |
$4,946,966 |
$1,790,708
$378,443 |
$2,777,815 |
| 16 |
$5,194,306 |
$1,882,224
$397,364 |
$2,914,718 |
| 17 |
$5,453,930 |
$1,978,284
$417,226 |
$3,058,420 |
| 18 |
$5,726,668 |
$2,079,198
$438,090 |
$3,209,380 |
| 19 |
$6,013,018 |
$2,185,147
$459,996 |
$3,367,875 |
| 20 |
$6,313,644 |
$2,296,379
$482,994 |
$3,534,271 |
| 21 |
$6,629,376 |
$2,413,200
$507,147 |
$3,709,029 |
| 22 |
$6,960,878 |
$2,535,855
$532,507 |
$3,892,516 |
| 23 |
$7,308,814 |
$2,664,592
$559,124 |
$4,085,098 |
| 24 |
$7,674,346 |
$2,799,838
$587,087 |
$4,287,421 |
| 25 |
$8,057,972 |
$2,941,780
$616,435 |
$4,499,757 |
| 26 |
$8,461,020 |
$3,090,908
$647,268 |
$4,722,844 |
| 27 |
$8,883,988 |
$3,247,406
$679,625 |
$4,956,957 |
| 28 |
$9,328,204 |
$3,411,766
$713,608 |
$5,202,830 |
| 29 |
$9,794,664 |
$3,584,356
$749,292 |
$5,461,016 |
| 30 |
$10,284,364 |
$3,765,545
$786,754 |
$5,732,065 |
|
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