The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(7.65%) | $5,508,000 | | Net Lumpsum Payment | $39,891,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$180,770 |
$1,347,594 |
| 2 |
$2,481,228 |
$878,385
$189,814 |
$1,413,029 |
| 3 |
$2,605,258 |
$924,276
$199,302 |
$1,481,680 |
| 4 |
$2,735,568 |
$972,491
$209,271 |
$1,553,806 |
| 5 |
$2,872,315 |
$1,023,087
$219,732 |
$1,629,496 |
| 6 |
$3,015,970 |
$1,076,239
$230,722 |
$1,709,009 |
| 7 |
$3,166,690 |
$1,132,006
$242,252 |
$1,792,432 |
| 8 |
$3,325,103 |
$1,190,618
$254,370 |
$1,880,115 |
| 9 |
$3,491,366 |
$1,252,136
$267,089 |
$1,972,141 |
| 10 |
$3,665,950 |
$1,316,732
$280,445 |
$2,068,773 |
| 11 |
$3,849,169 |
$1,384,523
$294,461 |
$2,170,185 |
| 12 |
$4,041,651 |
$1,455,741
$309,186 |
$2,276,724 |
| 13 |
$4,243,710 |
$1,530,503
$324,644 |
$2,388,563 |
| 14 |
$4,455,974 |
$1,609,041
$340,882 |
$2,506,051 |
| 15 |
$4,678,757 |
$1,691,470
$357,925 |
$2,629,362 |
| 16 |
$4,912,687 |
$1,778,025
$375,821 |
$2,758,841 |
| 17 |
$5,158,235 |
$1,868,877
$394,605 |
$2,894,753 |
| 18 |
$5,416,186 |
$1,964,319
$414,338 |
$3,037,529 |
| 19 |
$5,687,011 |
$2,064,524
$435,056 |
$3,187,431 |
| 20 |
$5,971,338 |
$2,169,725
$456,807 |
$3,344,806 |
| 21 |
$6,269,952 |
$2,280,213
$479,651 |
$3,510,088 |
| 22 |
$6,583,481 |
$2,396,218
$503,636 |
$3,683,627 |
| 23 |
$6,912,553 |
$2,517,975
$528,810 |
$3,865,768 |
| 24 |
$7,258,267 |
$2,645,889
$555,257 |
$4,057,121 |
| 25 |
$7,621,094 |
$2,780,135
$583,014 |
$4,257,945 |
| 26 |
$8,002,290 |
$2,921,178
$612,175 |
$4,468,937 |
| 27 |
$8,402,326 |
$3,069,191
$642,778 |
$4,690,357 |
| 28 |
$8,822,458 |
$3,224,640
$674,918 |
$4,922,900 |
| 29 |
$9,263,628 |
$3,387,873
$708,668 |
$5,167,087 |
| 30 |
$9,726,778 |
$3,559,238
$744,099 |
$5,423,441 |
|
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