Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 11, 2025 is estimated to be $263 Million, with a cash option of 117.7 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 Sat Jan 11, 2025

Draw Date	Jackpot	Cash Option
Sat Jan 11, 2025	$263,000,000	$117,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$117,700,000
Federal Tax(24%)	$28,248,000
Additional Federal Tax	$15,261,330
State Tax(7.65%)	$9,004,050
Net Lumpsum Payment	$65,186,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,958,413	-$1,424,943 -$302,819	$2,230,651
2	$4,156,452	-$1,498,218 -$317,969	$2,340,265
3	$4,364,222	-$1,575,093 -$333,863	$2,455,266
4	$4,582,512	-$1,655,860 -$350,562	$2,576,090
5	$4,811,585	-$1,740,617 -$368,086	$2,702,882
6	$5,052,230	-$1,829,655 -$386,496	$2,836,079
7	$5,304,710	-$1,923,073 -$405,810	$2,975,827
8	$5,570,077	-$2,021,259 -$426,111	$3,122,707
9	$5,848,594	-$2,124,310 -$447,417	$3,276,867
10	$6,141,050	-$2,232,519 -$469,790	$3,438,741
11	$6,447,971	-$2,346,080 -$493,270	$3,608,621
12	$6,770,409	-$2,465,382 -$517,936	$3,787,091
13	$7,108,890	-$2,590,620 -$543,830	$3,974,440
14	$7,464,466	-$2,722,183 -$571,032	$4,171,251
15	$7,837,663	-$2,860,266 -$599,581	$4,377,816
16	$8,229,533	-$3,005,258 -$629,559	$4,594,716
17	$8,640,865	-$3,157,450 -$661,026	$4,822,389
18	$9,072,974	-$3,317,331 -$694,083	$5,061,560
19	$9,526,649	-$3,485,191 -$728,789	$5,312,669
20	$10,002,942	-$3,661,419 -$765,225	$5,576,298
21	$10,503,168	-$3,846,503 -$803,492	$5,853,173
22	$11,028,379	-$4,040,831 -$843,671	$6,143,877
23	$11,579,627	-$4,244,792 -$885,841	$6,448,994
24	$12,158,753	-$4,459,069 -$930,145	$6,769,539
25	$12,766,546	-$4,683,952 -$976,641	$7,105,953
26	$13,405,110	-$4,920,221 -$1,025,491	$7,459,398
27	$14,075,234	-$5,168,167 -$1,076,755	$7,830,312
28	$14,779,022	-$5,428,569 -$1,130,595	$8,219,858
29	$15,518,052	-$5,702,010 -$1,187,131	$8,628,911
30	$16,293,902	-$5,989,074 -$1,246,484	$9,058,344