Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(7.65%)	$2,256,750
Net Lumpsum Payment	$16,367,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$73,690	$572,836
2	$1,011,456	-$334,569 -$77,376	$599,511
3	$1,062,016	-$353,276 -$81,244	$627,496
4	$1,115,136	-$372,931 -$85,308	$656,897
5	$1,170,880	-$393,556 -$89,572	$687,752
6	$1,229,440	-$415,223 -$94,052	$720,165
7	$1,290,880	-$437,956 -$98,752	$754,172
8	$1,355,456	-$461,849 -$103,692	$789,915
9	$1,423,232	-$486,926 -$108,877	$827,429
10	$1,494,400	-$513,258 -$114,322	$866,820
11	$1,569,088	-$540,893 -$120,035	$908,160
12	$1,647,552	-$569,925 -$126,038	$951,589
13	$1,729,920	-$600,401 -$132,339	$997,180
14	$1,816,448	-$632,416 -$138,958	$1,045,074
15	$1,907,264	-$666,018 -$145,906	$1,095,340
16	$2,002,624	-$701,301 -$153,201	$1,148,122
17	$2,102,720	-$738,337 -$160,858	$1,203,525
18	$2,207,872	-$777,243 -$168,902	$1,261,727
19	$2,318,272	-$818,091 -$177,348	$1,322,833
20	$2,434,176	-$860,976 -$186,214	$1,386,986
21	$2,555,904	-$906,015 -$195,527	$1,454,362
22	$2,683,712	-$953,304 -$205,304	$1,525,104
23	$2,817,856	-$1,002,937 -$215,566	$1,599,353
24	$2,958,784	-$1,055,080 -$226,347	$1,677,357
25	$3,106,688	-$1,109,805 -$237,662	$1,759,221
26	$3,262,080	-$1,167,300 -$249,549	$1,845,231
27	$3,425,152	-$1,227,637 -$262,024	$1,935,491
28	$3,596,416	-$1,291,004 -$275,126	$2,030,286
29	$3,776,256	-$1,357,545 -$288,884	$2,129,827
30	$3,965,056	-$1,427,401 -$303,327	$2,234,328