Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 5, 2025 is estimated to be $190 Million, with a cash option of 87 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 Jul 5, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 5, 2025	$190,000,000	$87,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$87,000,000
Federal Tax(24%)	$20,880,000
Additional Federal Tax	$11,270,330
State Tax(7.65%)	$6,655,500
Net Lumpsum Payment	$48,194,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$218,766	$1,622,508
2	$3,002,760	-$1,071,352 -$229,711	$1,701,697
3	$3,152,860	-$1,126,889 -$241,194	$1,784,777
4	$3,310,560	-$1,185,238 -$253,258	$1,872,064
5	$3,476,050	-$1,246,469 -$265,918	$1,963,663
6	$3,649,900	-$1,310,793 -$279,217	$2,059,890
7	$3,832,300	-$1,378,281 -$293,171	$2,160,848
8	$4,024,010	-$1,449,214 -$307,837	$2,266,959
9	$4,225,220	-$1,523,662 -$323,229	$2,378,329
10	$4,436,500	-$1,601,835 -$339,392	$2,495,273
11	$4,658,230	-$1,683,875 -$356,355	$2,618,000
12	$4,891,170	-$1,770,063 -$374,175	$2,746,932
13	$5,135,700	-$1,860,539 -$392,881	$2,882,280
14	$5,392,580	-$1,955,585 -$412,532	$3,024,463
15	$5,662,190	-$2,055,341 -$433,158	$3,173,691
16	$5,945,290	-$2,160,088 -$454,815	$3,330,387
17	$6,242,450	-$2,270,037 -$477,547	$3,494,866
18	$6,554,620	-$2,385,540 -$501,428	$3,667,652
19	$6,882,370	-$2,506,807 -$526,501	$3,849,062
20	$7,226,460	-$2,634,121 -$552,824	$4,039,515
21	$7,587,840	-$2,767,831 -$580,470	$4,239,539
22	$7,967,270	-$2,908,220 -$609,496	$4,449,554
23	$8,365,510	-$3,055,569 -$639,962	$4,669,979
24	$8,783,890	-$3,210,370 -$671,968	$4,901,552
25	$9,222,980	-$3,372,833 -$705,558	$5,144,589
26	$9,684,300	-$3,543,521 -$740,849	$5,399,930
27	$10,168,420	-$3,722,646 -$777,884	$5,667,890
28	$10,676,860	-$3,910,769 -$816,780	$5,949,311
29	$11,210,760	-$4,108,312 -$857,623	$6,244,825
30	$11,771,260	-$4,315,697 -$900,501	$6,555,062