Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 22, 2025 is estimated to be $31 Million, with a cash option of 13.8 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 Wed Jan 22, 2025

Draw Date	Jackpot	Cash Option
Wed Jan 22, 2025	$31,000,000	$13,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,800,000
Federal Tax(24%)	$3,312,000
Additional Federal Tax	$1,754,330
State Tax(7.65%)	$1,055,700
Net Lumpsum Payment	$7,677,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$466,581	-$132,965 -$35,693	$297,923
2	$489,924	-$141,602 -$37,479	$310,843
3	$514,414	-$150,664 -$39,353	$324,397
4	$540,144	-$160,184 -$41,321	$338,639
5	$567,145	-$170,174 -$43,387	$353,584
6	$595,510	-$180,669 -$45,557	$369,284
7	$625,270	-$191,680 -$47,833	$385,757
8	$656,549	-$203,254 -$50,226	$403,069
9	$689,378	-$215,400 -$52,737	$421,241
10	$723,850	-$228,155 -$55,375	$440,320
11	$760,027	-$241,540 -$58,142	$460,345
12	$798,033	-$255,603 -$61,050	$481,380
13	$837,930	-$270,364 -$64,102	$503,464
14	$879,842	-$285,872 -$67,308	$526,662
15	$923,831	-$302,148 -$70,673	$551,010
16	$970,021	-$319,238 -$74,207	$576,576
17	$1,018,505	-$337,177 -$77,916	$603,412
18	$1,069,438	-$356,022 -$81,812	$631,604
19	$1,122,913	-$375,808 -$85,903	$661,202
20	$1,179,054	-$396,580 -$90,198	$692,276
21	$1,238,016	-$418,396 -$94,708	$724,912
22	$1,299,923	-$441,302 -$99,444	$759,177
23	$1,364,899	-$465,343 -$104,415	$795,141
24	$1,433,161	-$490,600 -$109,637	$832,924
25	$1,504,802	-$517,107 -$115,117	$872,578
26	$1,580,070	-$544,956 -$120,875	$914,239
27	$1,659,058	-$574,182 -$126,918	$957,958
28	$1,742,014	-$604,876 -$133,264	$1,003,874
29	$1,829,124	-$637,106 -$139,928	$1,052,090
30	$1,920,574	-$670,943 -$146,924	$1,102,707