Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(7.65%)	$21,718,350
Net Lumpsum Payment	$157,178,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$776,045	$5,654,580
2	$10,651,896	-$3,901,532 -$814,870	$5,935,494
3	$11,184,356	-$4,098,542 -$855,603	$6,230,211
4	$11,743,776	-$4,305,528 -$898,399	$6,539,849
5	$12,330,830	-$4,522,737 -$943,308	$6,864,785
6	$12,947,540	-$4,750,920 -$990,487	$7,206,133
7	$13,594,580	-$4,990,325 -$1,039,985	$7,564,270
8	$14,274,646	-$5,241,949 -$1,092,010	$7,940,687
9	$14,988,412	-$5,506,043 -$1,146,614	$8,335,755
10	$15,737,900	-$5,783,353 -$1,203,949	$8,750,598
11	$16,524,458	-$6,074,380 -$1,264,121	$9,185,957
12	$17,350,782	-$6,380,120 -$1,327,335	$9,643,327
13	$18,218,220	-$6,701,072 -$1,393,694	$10,123,454
14	$19,129,468	-$7,038,234 -$1,463,404	$10,627,830
15	$20,085,874	-$7,392,104 -$1,536,569	$11,157,201
16	$21,090,134	-$7,763,680 -$1,613,395	$11,713,059
17	$22,144,270	-$8,153,710 -$1,694,037	$12,296,523
18	$23,251,652	-$8,563,442 -$1,778,751	$12,909,459
19	$24,414,302	-$8,993,622 -$1,867,694	$13,552,986
20	$25,634,916	-$9,445,249 -$1,961,071	$14,228,596
21	$26,916,864	-$9,919,570 -$2,059,140	$14,938,154
22	$28,262,842	-$10,417,582 -$2,162,107	$15,683,153
23	$29,675,546	-$10,940,282 -$2,270,179	$16,465,085
24	$31,159,694	-$11,489,417 -$2,383,717	$17,286,560
25	$32,717,308	-$12,065,734 -$2,502,874	$18,148,700
26	$34,353,780	-$12,671,229 -$2,628,064	$19,054,487
27	$36,071,132	-$13,306,649 -$2,759,442	$20,005,041
28	$37,874,756	-$13,973,990 -$2,897,419	$21,003,347
29	$39,768,696	-$14,674,748 -$3,042,305	$22,051,643
30	$41,756,996	-$15,410,419 -$3,194,410	$23,152,167