Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(7.65%)	$14,802,750
Net Lumpsum Payment	$107,141,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$490,497	$3,588,560
2	$6,732,504	-$2,451,357 -$515,037	$3,766,110
3	$7,069,044	-$2,575,877 -$540,782	$3,952,385
4	$7,422,624	-$2,706,701 -$567,831	$4,148,092
5	$7,793,670	-$2,843,988 -$596,216	$4,353,466
6	$8,183,460	-$2,988,211 -$626,035	$4,569,214
7	$8,592,420	-$3,139,526 -$657,320	$4,795,574
8	$9,022,254	-$3,298,564 -$690,202	$5,033,488
9	$9,473,388	-$3,465,484 -$724,714	$5,283,190
10	$9,947,100	-$3,640,757 -$760,953	$5,545,390
11	$10,444,242	-$3,824,700 -$798,985	$5,820,557
12	$10,966,518	-$4,017,942 -$838,939	$6,109,637
13	$11,514,780	-$4,220,799 -$880,881	$6,413,100
14	$12,090,732	-$4,433,901 -$924,941	$6,731,890
15	$12,695,226	-$4,657,564 -$971,185	$7,066,477
16	$13,329,966	-$4,892,418 -$1,019,742	$7,417,806
17	$13,996,230	-$5,138,935 -$1,070,712	$7,786,583
18	$14,696,148	-$5,397,905 -$1,124,255	$8,173,988
19	$15,430,998	-$5,669,800 -$1,180,471	$8,580,727
20	$16,202,484	-$5,955,249 -$1,239,490	$9,007,745
21	$17,012,736	-$6,255,043 -$1,301,474	$9,456,219
22	$17,863,458	-$6,569,810 -$1,366,555	$9,927,093
23	$18,756,354	-$6,900,181 -$1,434,861	$10,421,312
24	$19,694,406	-$7,247,261 -$1,506,622	$10,940,523
25	$20,678,892	-$7,611,520 -$1,581,935	$11,485,437
26	$21,713,220	-$7,994,222 -$1,661,061	$12,057,937
27	$22,798,668	-$8,395,838 -$1,744,098	$12,658,732
28	$23,938,644	-$8,817,629 -$1,831,306	$13,289,709
29	$25,135,704	-$9,260,541 -$1,922,881	$13,952,282
30	$26,392,404	-$9,725,520 -$2,019,019	$14,647,865