Frequently Asked Questions - Wisconsin Lottery
How does the Megabucks jackpot work?
- For every Megabucks ticket sold, a percentage of that $1 is placed into a jackpot prize pool.
- The more tickets sold, the higher the cash option.
- With Megabucks, the lottery automatically funds a starting cash option of $400,000 and an annuity of $1 million.
In some cases, the Megabucks annuity jackpot may stay the same or decrease. The annuity jackpot, funded by the cash pool available to purchase government bonds, can vary if there are changes in the overall financial markets or the U.S. government's bond rating. These changes can make it much more expensive to buy these long-term securities. So, even as the cash jackpot continues to grow, the estimated annuity jackpot may remain the same or decrease from one drawing to the next.
See all Frequently Asked Questions for the Wisconsin Lottery.