Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Wisconsin, your state will take 7.65% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wisconsin Powerball Jackpot/Cash Option for Mon Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(7.65%)	$7,076,250
Net Lumpsum Payment	$51,238,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$233,735	$1,730,807
2	$3,208,212	-$1,147,369 -$245,428	$1,815,415
3	$3,368,582	-$1,206,706 -$257,697	$1,904,179
4	$3,537,072	-$1,269,047 -$270,586	$1,997,439
5	$3,713,885	-$1,334,468 -$284,112	$2,095,305
6	$3,899,630	-$1,403,193 -$298,322	$2,198,115
7	$4,094,510	-$1,475,299 -$313,230	$2,305,981
8	$4,299,337	-$1,551,085 -$328,899	$2,419,353
9	$4,514,314	-$1,630,627 -$345,345	$2,538,342
10	$4,740,050	-$1,714,149 -$362,614	$2,663,287
11	$4,976,951	-$1,801,802 -$380,737	$2,794,412
12	$5,225,829	-$1,893,887 -$399,776	$2,932,166
13	$5,487,090	-$1,990,554 -$419,762	$3,076,774
14	$5,761,546	-$2,092,102 -$440,758	$3,228,686
15	$6,049,603	-$2,198,683 -$462,795	$3,388,125
16	$6,352,073	-$2,310,597 -$485,934	$3,555,542
17	$6,669,565	-$2,428,069 -$510,222	$3,731,274
18	$7,003,094	-$2,551,475 -$535,737	$3,915,882
19	$7,353,269	-$2,681,040 -$562,525	$4,109,704
20	$7,720,902	-$2,817,064 -$590,649	$4,313,189
21	$8,107,008	-$2,959,923 -$620,186	$4,526,899
22	$8,512,399	-$3,109,918 -$651,199	$4,751,282
23	$8,937,887	-$3,267,349 -$683,748	$4,986,790
24	$9,384,893	-$3,432,741 -$717,944	$5,234,208
25	$9,854,026	-$3,606,320 -$753,833	$5,493,873
26	$10,346,910	-$3,788,687 -$791,539	$5,766,684
27	$10,864,154	-$3,980,067 -$831,108	$6,052,979
28	$11,407,382	-$4,181,062 -$872,665	$6,353,655
29	$11,977,812	-$4,392,121 -$916,303	$6,669,388
30	$12,576,662	-$4,613,695 -$962,115	$7,000,852