The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $209,600,000 | | Federal Tax(24%) | $50,304,000 | | Additional Federal Tax | $27,208,330 | | State Tax(7.65%) | $16,034,400 | | Net Lumpsum Payment | $116,053,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,818,103 |
$2,483,028
$521,585 |
$3,813,490 |
| 2 |
$7,159,212 |
$2,609,239
$547,680 |
$4,002,293 |
| 3 |
$7,517,082 |
$2,741,651
$575,057 |
$4,200,374 |
| 4 |
$7,893,072 |
$2,880,767
$603,820 |
$4,408,485 |
| 5 |
$8,287,635 |
$3,026,755
$634,004 |
$4,626,876 |
| 6 |
$8,702,130 |
$3,180,118
$665,713 |
$4,856,299 |
| 7 |
$9,137,010 |
$3,341,024
$698,981 |
$5,097,005 |
| 8 |
$9,594,087 |
$3,510,143
$733,948 |
$5,349,996 |
| 9 |
$10,073,814 |
$3,687,642
$770,647 |
$5,615,525 |
| 10 |
$10,577,550 |
$3,874,024
$809,183 |
$5,894,343 |
| 11 |
$11,106,201 |
$4,069,625
$849,624 |
$6,186,952 |
| 12 |
$11,661,579 |
$4,275,115
$892,111 |
$6,494,353 |
| 13 |
$12,244,590 |
$4,490,829
$936,711 |
$6,817,050 |
| 14 |
$12,857,046 |
$4,717,437
$983,564 |
$7,156,045 |
| 15 |
$13,499,853 |
$4,955,276
$1,032,739 |
$7,511,838 |
| 16 |
$14,174,823 |
$5,205,015
$1,084,374 |
$7,885,434 |
| 17 |
$14,883,315 |
$5,467,157
$1,138,574 |
$8,277,584 |
| 18 |
$15,627,594 |
$5,742,540
$1,195,511 |
$8,689,543 |
| 19 |
$16,409,019 |
$6,031,667
$1,255,290 |
$9,122,062 |
| 20 |
$17,229,402 |
$6,335,209
$1,318,049 |
$9,576,144 |
| 21 |
$18,091,008 |
$6,654,003
$1,383,962 |
$10,053,043 |
| 22 |
$18,995,649 |
$6,988,721
$1,453,167 |
$10,553,761 |
| 23 |
$19,945,137 |
$7,340,031
$1,525,803 |
$11,079,303 |
| 24 |
$20,942,643 |
$7,709,108
$1,602,112 |
$11,631,423 |
| 25 |
$21,989,526 |
$8,096,455
$1,682,199 |
$12,210,872 |
| 26 |
$23,089,410 |
$8,503,412
$1,766,340 |
$12,819,658 |
| 27 |
$24,243,654 |
$8,930,482
$1,854,640 |
$13,458,532 |
| 28 |
$25,455,882 |
$9,379,007
$1,947,375 |
$14,129,500 |
| 29 |
$26,728,812 |
$9,849,991
$2,044,754 |
$14,834,067 |
| 30 |
$28,065,162 |
$10,344,440
$2,146,985 |
$15,573,737 |
|
|
