Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(7.65%)	$12,033,450
Net Lumpsum Payment	$87,105,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$385,720	$2,830,463
2	$5,294,340	-$1,919,236 -$405,017	$2,970,087
3	$5,558,990	-$2,017,157 -$425,263	$3,116,570
4	$5,837,040	-$2,120,035 -$446,534	$3,270,471
5	$6,128,825	-$2,227,996 -$468,855	$3,431,974
6	$6,435,350	-$2,341,410 -$492,304	$3,601,636
7	$6,756,950	-$2,460,402 -$516,907	$3,779,641
8	$7,094,965	-$2,585,467 -$542,765	$3,966,733
9	$7,449,730	-$2,716,730 -$569,904	$4,163,096
10	$7,822,250	-$2,854,563 -$598,402	$4,369,285
11	$8,213,195	-$2,999,213 -$628,309	$4,585,673
12	$8,623,905	-$3,151,175 -$659,729	$4,813,001
13	$9,055,050	-$3,310,699 -$692,711	$5,051,640
14	$9,507,970	-$3,478,279 -$727,360	$5,302,331
15	$9,983,335	-$3,654,164 -$763,725	$5,565,446
16	$10,482,485	-$3,838,850 -$801,910	$5,841,725
17	$11,006,425	-$4,032,708 -$841,992	$6,131,725
18	$11,556,830	-$4,236,357 -$884,097	$6,436,376
19	$12,134,705	-$4,450,171 -$928,305	$6,756,229
20	$12,741,390	-$4,674,645 -$974,716	$7,092,029
21	$13,378,560	-$4,910,398 -$1,023,460	$7,444,702
22	$14,047,555	-$5,157,926 -$1,074,638	$7,814,991
23	$14,749,715	-$5,417,725 -$1,128,353	$8,203,637
24	$15,487,385	-$5,690,663 -$1,184,785	$8,611,937
25	$16,261,570	-$5,977,111 -$1,244,010	$9,040,449
26	$17,074,950	-$6,278,062 -$1,306,234	$9,490,654
27	$17,928,530	-$6,593,886 -$1,371,533	$9,963,111
28	$18,824,990	-$6,925,577 -$1,440,112	$10,459,301
29	$19,766,340	-$7,273,876 -$1,512,125	$10,980,339
30	$20,754,590	-$7,639,529 -$1,587,726	$11,527,335