Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Mon Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(7.65%)	$2,662,200
Net Lumpsum Payment	$19,301,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$93,264	$714,458
2	$1,280,124	-$433,976 -$97,929	$748,219
3	$1,344,114	-$457,653 -$102,825	$783,636
4	$1,411,344	-$482,528 -$107,968	$820,848
5	$1,481,895	-$508,632 -$113,365	$859,898
6	$1,556,010	-$536,054 -$119,035	$900,921
7	$1,633,770	-$564,825 -$124,983	$943,962
8	$1,715,499	-$595,065 -$131,236	$989,198
9	$1,801,278	-$626,803 -$137,798	$1,036,677
10	$1,891,350	-$660,130 -$144,688	$1,086,532
11	$1,985,877	-$695,105 -$151,920	$1,138,852
12	$2,085,183	-$731,848 -$159,516	$1,193,819
13	$2,189,430	-$770,419 -$167,491	$1,251,520
14	$2,298,942	-$810,939 -$175,869	$1,312,134
15	$2,413,881	-$853,466 -$184,662	$1,375,753
16	$2,534,571	-$898,122 -$193,895	$1,442,554
17	$2,661,255	-$944,995 -$203,586	$1,512,674
18	$2,794,338	-$994,235 -$213,767	$1,586,336
19	$2,934,063	-$1,045,934 -$224,456	$1,663,673
20	$3,080,754	-$1,100,209 -$235,678	$1,744,867
21	$3,234,816	-$1,157,212 -$247,463	$1,830,141
22	$3,396,573	-$1,217,062 -$259,838	$1,919,673
23	$3,566,349	-$1,279,880 -$272,826	$2,013,643
24	$3,744,711	-$1,345,873 -$286,470	$2,112,368
25	$3,931,902	-$1,415,134 -$300,791	$2,215,977
26	$4,128,570	-$1,487,901 -$315,836	$2,324,833
27	$4,334,958	-$1,564,265 -$331,624	$2,439,069
28	$4,551,714	-$1,644,465 -$348,206	$2,559,043
29	$4,779,324	-$1,728,680 -$365,618	$2,685,026
30	$5,018,274	-$1,817,092 -$383,898	$2,817,284