The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(7.65%) | $9,837,900 | | Net Lumpsum Payment | $71,219,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$340,815 |
$2,505,565 |
| 2 |
$4,677,984 |
$1,691,184
$357,866 |
$2,628,934 |
| 3 |
$4,911,824 |
$1,777,705
$375,755 |
$2,758,364 |
| 4 |
$5,157,504 |
$1,868,607
$394,549 |
$2,894,348 |
| 5 |
$5,415,320 |
$1,963,999
$414,272 |
$3,037,049 |
| 6 |
$5,686,160 |
$2,064,210
$434,991 |
$3,186,959 |
| 7 |
$5,970,320 |
$2,169,349
$456,729 |
$3,344,242 |
| 8 |
$6,268,984 |
$2,279,854
$479,577 |
$3,509,553 |
| 9 |
$6,582,448 |
$2,395,836
$503,557 |
$3,683,055 |
| 10 |
$6,911,600 |
$2,517,622
$528,737 |
$3,865,241 |
| 11 |
$7,257,032 |
$2,645,432
$555,163 |
$4,056,437 |
| 12 |
$7,619,928 |
$2,779,704
$582,924 |
$4,257,300 |
| 13 |
$8,000,880 |
$2,920,656
$612,067 |
$4,468,157 |
| 14 |
$8,401,072 |
$3,068,727
$642,682 |
$4,689,663 |
| 15 |
$8,821,096 |
$3,224,136
$674,814 |
$4,922,146 |
| 16 |
$9,262,136 |
$3,387,321
$708,553 |
$5,166,262 |
| 17 |
$9,725,080 |
$3,558,610
$743,969 |
$5,422,501 |
| 18 |
$10,211,408 |
$3,738,551
$781,173 |
$5,691,684 |
| 19 |
$10,722,008 |
$3,927,473
$820,234 |
$5,974,301 |
| 20 |
$11,258,064 |
$4,125,814
$861,242 |
$6,271,008 |
| 21 |
$11,821,056 |
$4,334,121
$904,311 |
$6,582,624 |
| 22 |
$12,412,168 |
$4,552,833
$949,531 |
$6,909,804 |
| 23 |
$13,032,584 |
$4,782,386
$996,993 |
$7,253,205 |
| 24 |
$13,684,376 |
$5,023,550
$1,046,855 |
$7,613,971 |
| 25 |
$14,368,432 |
$5,276,650
$1,099,185 |
$7,992,597 |
| 26 |
$15,087,120 |
$5,542,565
$1,154,165 |
$8,390,390 |
| 27 |
$15,841,328 |
$5,821,622
$1,211,862 |
$8,807,844 |
| 28 |
$16,633,424 |
$6,114,697
$1,272,457 |
$9,246,270 |
| 29 |
$17,465,184 |
$6,422,448
$1,336,087 |
$9,706,649 |
| 30 |
$18,338,384 |
$6,745,532
$1,402,886 |
$10,189,966 |
|
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