The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(7.65%) | $1,530,000 | | Net Lumpsum Payment | $11,109,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$49,510 |
$397,891 |
| 2 |
$679,572 |
$211,772
$51,987 |
$415,813 |
| 3 |
$713,542 |
$224,341
$54,586 |
$434,615 |
| 4 |
$749,232 |
$237,546
$57,316 |
$454,370 |
| 5 |
$786,685 |
$251,404
$60,181 |
$475,100 |
| 6 |
$826,030 |
$265,961
$63,191 |
$496,878 |
| 7 |
$867,310 |
$281,235
$66,349 |
$519,726 |
| 8 |
$910,697 |
$297,288
$69,668 |
$543,741 |
| 9 |
$956,234 |
$314,137
$73,152 |
$568,945 |
| 10 |
$1,004,050 |
$331,829
$76,810 |
$595,411 |
| 11 |
$1,054,231 |
$350,396
$80,649 |
$623,186 |
| 12 |
$1,106,949 |
$369,902
$84,682 |
$652,365 |
| 13 |
$1,162,290 |
$390,378
$88,915 |
$682,997 |
| 14 |
$1,220,426 |
$411,888
$93,363 |
$715,175 |
| 15 |
$1,281,443 |
$434,464
$98,030 |
$748,949 |
| 16 |
$1,345,513 |
$458,170
$102,932 |
$784,411 |
| 17 |
$1,412,765 |
$483,053
$108,077 |
$821,635 |
| 18 |
$1,483,414 |
$509,194
$113,481 |
$860,739 |
| 19 |
$1,557,589 |
$536,638
$119,156 |
$901,795 |
| 20 |
$1,635,462 |
$565,451
$125,113 |
$944,898 |
| 21 |
$1,717,248 |
$595,712
$131,369 |
$990,167 |
| 22 |
$1,803,119 |
$627,484
$137,939 |
$1,037,696 |
| 23 |
$1,893,247 |
$660,832
$144,833 |
$1,087,582 |
| 24 |
$1,987,933 |
$695,866
$152,077 |
$1,139,990 |
| 25 |
$2,087,306 |
$732,634
$159,679 |
$1,194,993 |
| 26 |
$2,191,710 |
$771,263
$167,666 |
$1,252,781 |
| 27 |
$2,301,274 |
$811,802
$176,047 |
$1,313,425 |
| 28 |
$2,416,342 |
$854,377
$184,850 |
$1,377,115 |
| 29 |
$2,537,172 |
$899,084
$194,094 |
$1,443,994 |
| 30 |
$2,664,022 |
$946,019
$203,798 |
$1,514,205 |
|
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