Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Mon Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(7.65%)	$3,113,550
Net Lumpsum Payment	$22,567,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$103,626	$789,435
2	$1,422,360	-$486,604 -$108,811	$826,945
3	$1,493,460	-$512,911 -$114,250	$866,299
4	$1,568,160	-$540,550 -$119,964	$907,646
5	$1,646,550	-$569,554 -$125,961	$951,035
6	$1,728,900	-$600,023 -$132,261	$996,616
7	$1,815,300	-$631,991 -$138,870	$1,044,439
8	$1,906,110	-$665,591 -$145,817	$1,094,702
9	$2,001,420	-$700,856 -$153,109	$1,147,455
10	$2,101,500	-$737,885 -$160,765	$1,202,850
11	$2,206,530	-$776,746 -$168,800	$1,260,984
12	$2,316,870	-$817,572 -$177,241	$1,322,057
13	$2,432,700	-$860,429 -$186,102	$1,386,169
14	$2,554,380	-$905,451 -$195,410	$1,453,519
15	$2,682,090	-$952,704 -$205,180	$1,524,206
16	$2,816,190	-$1,002,321 -$215,439	$1,598,430
17	$2,956,950	-$1,054,402 -$226,207	$1,676,341
18	$3,104,820	-$1,109,114 -$237,519	$1,758,187
19	$3,260,070	-$1,166,556 -$249,395	$1,844,119
20	$3,423,060	-$1,226,863 -$261,864	$1,934,333
21	$3,594,240	-$1,290,199 -$274,959	$2,029,082
22	$3,773,970	-$1,356,699 -$288,709	$2,128,562
23	$3,962,610	-$1,426,496 -$303,140	$2,232,974
24	$4,160,790	-$1,499,823 -$318,300	$2,342,667
25	$4,368,780	-$1,576,779 -$334,212	$2,457,789
26	$4,587,300	-$1,657,631 -$350,928	$2,578,741
27	$4,816,620	-$1,742,480 -$368,471	$2,705,669
28	$5,057,460	-$1,831,591 -$386,896	$2,838,973
29	$5,310,360	-$1,925,164 -$406,243	$2,978,953
30	$5,575,860	-$2,023,399 -$426,553	$3,125,908