Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(7.65%)	$5,898,150
Net Lumpsum Payment	$42,714,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$193,435	$1,439,232
2	$2,655,072	-$942,707 -$203,113	$1,509,252
3	$2,787,792	-$991,813 -$213,266	$1,582,713
4	$2,927,232	-$1,043,406 -$223,933	$1,659,893
5	$3,073,560	-$1,097,548 -$235,127	$1,740,885
6	$3,227,280	-$1,154,424 -$246,887	$1,825,969
7	$3,388,560	-$1,214,098 -$259,225	$1,915,237
8	$3,558,072	-$1,276,817 -$272,193	$2,009,062
9	$3,735,984	-$1,342,644 -$285,803	$2,107,537
10	$3,922,800	-$1,411,766 -$300,094	$2,210,940
11	$4,118,856	-$1,484,307 -$315,092	$2,319,457
12	$4,324,824	-$1,560,515 -$330,849	$2,433,460
13	$4,541,040	-$1,640,515 -$347,390	$2,553,135
14	$4,768,176	-$1,724,556 -$364,765	$2,678,855
15	$5,006,568	-$1,812,761 -$383,002	$2,810,805
16	$5,256,888	-$1,905,379 -$402,152	$2,949,357
17	$5,519,640	-$2,002,597 -$422,252	$3,094,791
18	$5,795,664	-$2,104,726 -$443,368	$3,247,570
19	$6,085,464	-$2,211,952 -$465,538	$3,407,974
20	$6,389,712	-$2,324,524 -$488,813	$3,576,375
21	$6,709,248	-$2,442,752 -$513,257	$3,753,239
22	$7,044,744	-$2,566,886 -$538,923	$3,938,935
23	$7,396,872	-$2,697,173 -$565,861	$4,133,838
24	$7,766,808	-$2,834,049 -$594,161	$4,338,598
25	$8,155,056	-$2,977,701 -$623,862	$4,553,493
26	$8,562,960	-$3,128,626 -$655,066	$4,779,268
27	$8,991,024	-$3,287,009 -$687,813	$5,016,202
28	$9,440,592	-$3,453,349 -$722,205	$5,265,038
29	$9,912,672	-$3,628,019 -$758,319	$5,526,334
30	$10,408,272	-$3,811,391 -$796,233	$5,800,648