Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 5, 2026 is estimated to be $786 Million, with a cash option of 341.6 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 Wed Aug 5, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 5, 2026	$786,000,000	$341,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$341,600,000
Federal Tax(24%)	$81,984,000
Additional Federal Tax	$44,368,330
State Tax(7.65%)	$26,132,400
Net Lumpsum Payment	$189,115,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,830,086	-$4,337,462 -$905,002	$6,587,622
2	$12,421,944	-$4,556,450 -$950,279	$6,915,215
3	$13,042,884	-$4,786,197 -$997,781	$7,258,906
4	$13,695,264	-$5,027,578 -$1,047,688	$7,619,998
5	$14,379,870	-$5,280,882 -$1,100,060	$7,998,928
6	$15,099,060	-$5,546,983 -$1,155,078	$8,396,999
7	$15,853,620	-$5,826,170 -$1,212,802	$8,814,648
8	$16,646,694	-$6,119,607 -$1,273,472	$9,253,615
9	$17,479,068	-$6,427,586 -$1,337,149	$9,714,333
10	$18,353,100	-$6,750,977 -$1,404,012	$10,198,111
11	$19,270,362	-$7,090,364 -$1,474,183	$10,705,815
12	$20,233,998	-$7,446,910 -$1,547,901	$11,239,187
13	$21,245,580	-$7,821,195 -$1,625,287	$11,799,098
14	$22,308,252	-$8,214,384 -$1,706,581	$12,387,287
15	$23,423,586	-$8,627,057 -$1,791,904	$13,004,625
16	$24,594,726	-$9,060,379 -$1,881,497	$13,652,850
17	$25,824,030	-$9,515,221 -$1,975,538	$14,333,271
18	$27,115,428	-$9,993,039 -$2,074,330	$15,048,059
19	$28,471,278	-$10,494,703 -$2,178,053	$15,798,522
20	$29,894,724	-$11,021,378 -$2,286,946	$16,586,400
21	$31,389,696	-$11,574,518 -$2,401,312	$17,413,866
22	$32,959,338	-$12,155,285 -$2,521,389	$18,282,664
23	$34,606,794	-$12,764,844 -$2,647,420	$19,194,530
24	$36,337,566	-$13,405,230 -$2,779,824	$20,152,512
25	$38,154,012	-$14,077,315 -$2,918,782	$21,157,915
26	$40,062,420	-$14,783,426 -$3,064,775	$22,214,219
27	$42,065,148	-$15,524,435 -$3,217,984	$23,322,729
28	$44,168,484	-$16,302,669 -$3,378,889	$24,486,926
29	$46,377,144	-$17,119,874 -$3,547,852	$25,709,418
30	$48,695,844	-$17,977,793 -$3,725,232	$26,992,819