The jackpot for the MEGA Millions draw on Fri Nov 15, 2024, is projected to be $387 Million, with an option for a cash payout of $181.4 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 15, 2024 |
|---|
| Draw Date | Fri Nov 15, 2024 | | Projected Jackpot | $387,000,000 | | Cash Value | $181,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $181,400,000 | | Federal Tax(24%) | $43,536,000 | | Additional Federal Tax | $23,542,330 | | State Tax(7.65%) | $13,877,100 | | Net Lumpsum Payment | $100,444,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,824,737 |
$2,115,483
$445,592 |
$3,263,662 |
| 2 |
$6,116,148 |
$2,223,305
$467,885 |
$3,424,958 |
| 3 |
$6,421,878 |
$2,336,425
$491,274 |
$3,594,179 |
| 4 |
$6,743,088 |
$2,455,273
$515,846 |
$3,771,969 |
| 5 |
$7,080,165 |
$2,579,991
$541,633 |
$3,958,541 |
| 6 |
$7,434,270 |
$2,711,010
$568,722 |
$4,154,538 |
| 7 |
$7,805,790 |
$2,848,473
$597,143 |
$4,360,174 |
| 8 |
$8,196,273 |
$2,992,951
$627,015 |
$4,576,307 |
| 9 |
$8,606,106 |
$3,144,590
$658,367 |
$4,803,149 |
| 10 |
$9,036,450 |
$3,303,817
$691,288 |
$5,041,345 |
| 11 |
$9,488,079 |
$3,470,920
$725,838 |
$5,291,321 |
| 12 |
$9,962,541 |
$3,646,471
$762,134 |
$5,553,936 |
| 13 |
$10,460,610 |
$3,830,756
$800,237 |
$5,829,617 |
| 14 |
$10,983,834 |
$4,024,349
$840,263 |
$6,119,222 |
| 15 |
$11,532,987 |
$4,227,536
$882,274 |
$6,423,177 |
| 16 |
$12,109,617 |
$4,440,889
$926,386 |
$6,742,342 |
| 17 |
$12,714,885 |
$4,664,838
$972,689 |
$7,077,358 |
| 18 |
$13,350,726 |
$4,900,099
$1,021,331 |
$7,429,296 |
| 19 |
$14,018,301 |
$5,147,102
$1,072,400 |
$7,798,799 |
| 20 |
$14,719,158 |
$5,406,419
$1,126,016 |
$8,186,723 |
| 21 |
$15,455,232 |
$5,678,766
$1,182,325 |
$8,594,141 |
| 22 |
$16,228,071 |
$5,964,717
$1,241,447 |
$9,021,907 |
| 23 |
$17,039,223 |
$6,264,843
$1,303,501 |
$9,470,879 |
| 24 |
$17,891,397 |
$6,580,147
$1,368,692 |
$9,942,558 |
| 25 |
$18,785,754 |
$6,911,059
$1,437,110 |
$10,437,585 |
| 26 |
$19,725,390 |
$7,258,725
$1,508,992 |
$10,957,673 |
| 27 |
$20,711,466 |
$7,623,573
$1,584,427 |
$11,503,466 |
| 28 |
$21,747,078 |
$8,006,749
$1,663,651 |
$12,076,678 |
| 29 |
$22,834,548 |
$8,409,113
$1,746,843 |
$12,678,592 |
| 30 |
$23,976,198 |
$8,831,524
$1,834,179 |
$13,310,495 |
|
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