The jackpot for the MEGA Millions draw on Tue Mar 11, 2025, is projected to be $256 Million, with an option for a cash payout of $119.5 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 Mar 11, 2025 |
|---|
| Draw Date | Tue Mar 11, 2025 | | Projected Jackpot | $256,000,000 | | Cash Value | $119,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,500,000 | | Federal Tax(24%) | $28,680,000 | | Additional Federal Tax | $15,495,330 | | State Tax(7.65%) | $9,141,750 | | Net Lumpsum Payment | $66,182,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,853,056 |
$1,385,961
$294,759 |
$2,172,336 |
| 2 |
$4,045,824 |
$1,457,285
$309,506 |
$2,279,033 |
| 3 |
$4,248,064 |
$1,532,114
$324,977 |
$2,390,973 |
| 4 |
$4,460,544 |
$1,610,732
$341,232 |
$2,508,580 |
| 5 |
$4,683,520 |
$1,693,233
$358,289 |
$2,631,998 |
| 6 |
$4,917,760 |
$1,779,902
$376,209 |
$2,761,649 |
| 7 |
$5,163,520 |
$1,870,833
$395,009 |
$2,897,678 |
| 8 |
$5,421,824 |
$1,966,405
$414,770 |
$3,040,649 |
| 9 |
$5,692,928 |
$2,066,714
$435,509 |
$3,190,705 |
| 10 |
$5,977,600 |
$2,172,042
$457,286 |
$3,348,272 |
| 11 |
$6,276,352 |
$2,282,581
$480,141 |
$3,513,630 |
| 12 |
$6,590,208 |
$2,398,707
$504,151 |
$3,687,350 |
| 13 |
$6,919,680 |
$2,520,612
$529,356 |
$3,869,712 |
| 14 |
$7,265,792 |
$2,648,673
$555,833 |
$4,061,286 |
| 15 |
$7,629,056 |
$2,783,081
$583,623 |
$4,262,352 |
| 16 |
$8,010,496 |
$2,924,214
$612,803 |
$4,473,479 |
| 17 |
$8,410,880 |
$3,072,356
$643,432 |
$4,695,092 |
| 18 |
$8,831,488 |
$3,227,981
$675,609 |
$4,927,898 |
| 19 |
$9,273,088 |
$3,391,373
$709,391 |
$5,172,324 |
| 20 |
$9,736,704 |
$3,562,911
$744,858 |
$5,428,935 |
| 21 |
$10,223,616 |
$3,743,068
$782,107 |
$5,698,441 |
| 22 |
$10,734,848 |
$3,932,224
$821,216 |
$5,981,408 |
| 23 |
$11,271,424 |
$4,130,757
$862,264 |
$6,278,403 |
| 24 |
$11,835,136 |
$4,339,331
$905,388 |
$6,590,417 |
| 25 |
$12,426,752 |
$4,558,229
$950,647 |
$6,917,876 |
| 26 |
$13,048,320 |
$4,788,209
$998,196 |
$7,261,915 |
| 27 |
$13,700,608 |
$5,029,555
$1,048,097 |
$7,622,956 |
| 28 |
$14,385,664 |
$5,283,026
$1,100,503 |
$8,002,135 |
| 29 |
$15,105,024 |
$5,549,189
$1,155,534 |
$8,400,301 |
| 30 |
$15,860,224 |
$5,828,613
$1,213,307 |
$8,818,304 |
|
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