The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Apr 29, 2025 |
|---|
| Draw Date | Tue Apr 29, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,800,000 | | Federal Tax(24%) | $7,632,000 | | Additional Federal Tax | $4,094,330 | | State Tax(7.65%) | $2,432,700 | | Net Lumpsum Payment | $17,640,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$80,598 |
$622,821 |
| 2 |
$1,106,280 |
$369,654
$84,630 |
$651,996 |
| 3 |
$1,161,580 |
$390,115
$88,861 |
$682,604 |
| 4 |
$1,219,680 |
$411,612
$93,306 |
$714,762 |
| 5 |
$1,280,650 |
$434,171
$97,970 |
$748,509 |
| 6 |
$1,344,700 |
$457,869
$102,870 |
$783,961 |
| 7 |
$1,411,900 |
$482,733
$108,010 |
$821,157 |
| 8 |
$1,482,530 |
$508,866
$113,414 |
$860,250 |
| 9 |
$1,556,660 |
$536,295
$119,084 |
$901,281 |
| 10 |
$1,634,500 |
$565,095
$125,039 |
$944,366 |
| 11 |
$1,716,190 |
$595,321
$131,289 |
$989,580 |
| 12 |
$1,802,010 |
$627,074
$137,854 |
$1,037,082 |
| 13 |
$1,892,100 |
$660,407
$144,746 |
$1,086,947 |
| 14 |
$1,986,740 |
$695,424
$151,986 |
$1,139,330 |
| 15 |
$2,086,070 |
$732,176
$159,584 |
$1,194,310 |
| 16 |
$2,190,370 |
$770,767
$167,563 |
$1,252,040 |
| 17 |
$2,299,850 |
$811,275
$175,939 |
$1,312,636 |
| 18 |
$2,414,860 |
$853,829
$184,737 |
$1,376,294 |
| 19 |
$2,535,610 |
$898,506
$193,974 |
$1,443,130 |
| 20 |
$2,662,380 |
$945,411
$203,672 |
$1,513,297 |
| 21 |
$2,795,520 |
$994,673
$213,857 |
$1,586,990 |
| 22 |
$2,935,310 |
$1,046,395
$224,551 |
$1,664,364 |
| 23 |
$3,082,030 |
$1,100,681
$235,775 |
$1,745,574 |
| 24 |
$3,236,170 |
$1,157,713
$247,567 |
$1,830,890 |
| 25 |
$3,397,940 |
$1,217,568
$259,942 |
$1,920,430 |
| 26 |
$3,567,900 |
$1,280,453
$272,944 |
$2,014,503 |
| 27 |
$3,746,260 |
$1,346,447
$286,589 |
$2,113,224 |
| 28 |
$3,933,580 |
$1,415,755
$300,919 |
$2,216,906 |
| 29 |
$4,130,280 |
$1,488,534
$315,966 |
$2,325,780 |
| 30 |
$4,336,780 |
$1,564,939
$331,764 |
$2,440,077 |
|
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