Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Sat Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(7.65%)	$18,566,550
Net Lumpsum Payment	$134,374,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$592,972	$4,329,995
2	$8,139,060	-$2,971,783 -$622,638	$4,544,639
3	$8,545,910	-$3,122,317 -$653,762	$4,769,831
4	$8,973,360	-$3,280,474 -$686,462	$5,006,424
5	$9,421,925	-$3,446,443 -$720,777	$5,254,705
6	$9,893,150	-$3,620,796 -$756,826	$5,515,528
7	$10,387,550	-$3,803,724 -$794,648	$5,789,178
8	$10,907,185	-$3,995,989 -$834,400	$6,076,796
9	$11,452,570	-$4,197,781 -$876,122	$6,378,667
10	$12,025,250	-$4,409,673 -$919,932	$6,695,645
11	$12,626,255	-$4,632,045 -$965,909	$7,028,301
12	$13,257,645	-$4,865,659 -$1,014,210	$7,377,776
13	$13,920,450	-$5,110,897 -$1,064,914	$7,744,639
14	$14,616,730	-$5,368,520 -$1,118,180	$8,130,030
15	$15,347,515	-$5,638,911 -$1,174,085	$8,534,519
16	$16,114,865	-$5,922,830 -$1,232,787	$8,959,248
17	$16,920,325	-$6,220,851 -$1,294,405	$9,405,069
18	$17,766,470	-$6,533,924 -$1,359,135	$9,873,411
19	$18,654,845	-$6,862,623 -$1,427,096	$10,365,126
20	$19,587,510	-$7,207,709 -$1,498,445	$10,881,356
21	$20,567,040	-$7,570,135 -$1,573,379	$11,423,526
22	$21,595,495	-$7,950,664 -$1,652,055	$11,992,776
23	$22,674,935	-$8,350,056 -$1,734,633	$12,590,246
24	$23,808,965	-$8,769,647 -$1,821,386	$13,217,932
25	$24,999,130	-$9,210,008 -$1,912,433	$13,876,689
26	$26,249,550	-$9,672,664 -$2,008,091	$14,568,795
27	$27,561,770	-$10,158,185 -$2,108,475	$15,295,110
28	$28,939,910	-$10,668,097 -$2,213,903	$16,057,910
29	$30,387,060	-$11,203,543 -$2,324,610	$16,858,907
30	$31,906,310	-$11,765,665 -$2,440,833	$17,699,812