Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(7.65%)	$3,037,050
Net Lumpsum Payment	$22,013,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$100,172	$764,443
2	$1,374,948	-$469,061 -$105,184	$800,703
3	$1,443,678	-$494,491 -$110,441	$838,746
4	$1,515,888	-$521,209 -$115,965	$878,714
5	$1,591,665	-$549,246 -$121,762	$920,657
6	$1,671,270	-$578,700 -$127,852	$964,718
7	$1,754,790	-$609,603 -$134,241	$1,010,946
8	$1,842,573	-$642,082 -$140,957	$1,059,534
9	$1,934,706	-$676,172 -$148,005	$1,110,529
10	$2,031,450	-$711,967 -$155,406	$1,164,077
11	$2,132,979	-$749,533 -$163,173	$1,220,273
12	$2,239,641	-$788,998 -$171,333	$1,279,310
13	$2,351,610	-$830,426 -$179,898	$1,341,286
14	$2,469,234	-$873,947 -$188,896	$1,406,391
15	$2,592,687	-$919,625 -$198,341	$1,474,721
16	$2,722,317	-$967,588 -$208,257	$1,546,472
17	$2,858,385	-$1,017,933 -$218,666	$1,621,786
18	$3,001,326	-$1,070,821 -$229,601	$1,700,904
19	$3,151,401	-$1,126,349 -$241,082	$1,783,970
20	$3,308,958	-$1,184,645 -$253,135	$1,871,178
21	$3,474,432	-$1,245,870 -$265,794	$1,962,768
22	$3,648,171	-$1,310,154 -$279,085	$2,058,932
23	$3,830,523	-$1,377,624 -$293,035	$2,159,864
24	$4,022,097	-$1,448,506 -$307,690	$2,265,901
25	$4,223,154	-$1,522,897 -$323,071	$2,377,186
26	$4,434,390	-$1,601,055 -$339,231	$2,494,104
27	$4,656,066	-$1,683,075 -$356,189	$2,616,802
28	$4,888,878	-$1,769,215 -$373,999	$2,745,664
29	$5,133,348	-$1,859,669 -$392,701	$2,880,978
30	$5,389,998	-$1,954,630 -$412,335	$3,023,033