Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Apr 23, 2025 is estimated to be $151 Million, with a cash option of 69.3 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 Apr 23, 2025

Draw Date	Jackpot	Cash Option
Wed Apr 23, 2025	$151,000,000	$69,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,300,000
Federal Tax(24%)	$16,632,000
Additional Federal Tax	$8,969,330
State Tax(7.65%)	$5,301,450
Net Lumpsum Payment	$38,397,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,272,701	-$801,230 -$173,862	$1,297,609
2	$2,386,404	-$843,300 -$182,560	$1,360,544
3	$2,505,694	-$887,437 -$191,686	$1,426,571
4	$2,631,024	-$933,809 -$201,273	$1,495,942
5	$2,762,545	-$982,472 -$211,335	$1,568,738
6	$2,900,710	-$1,033,593 -$221,904	$1,645,213
7	$3,045,670	-$1,087,228 -$232,994	$1,725,448
8	$3,198,029	-$1,143,601 -$244,649	$1,809,779
9	$3,357,938	-$1,202,767 -$256,882	$1,898,289
10	$3,525,850	-$1,264,895 -$269,728	$1,991,227
11	$3,702,067	-$1,330,095 -$283,208	$2,088,764
12	$3,887,193	-$1,398,592 -$297,370	$2,191,231
13	$4,081,530	-$1,470,496 -$312,237	$2,298,797
14	$4,285,682	-$1,546,033 -$327,855	$2,411,794
15	$4,499,951	-$1,625,312 -$344,246	$2,530,393
16	$4,724,941	-$1,708,559 -$361,458	$2,654,924
17	$4,961,105	-$1,795,939 -$379,525	$2,785,641
18	$5,209,198	-$1,887,734 -$398,504	$2,922,960
19	$5,469,673	-$1,984,109 -$418,430	$3,067,134
20	$5,743,134	-$2,085,290 -$439,350	$3,218,494
21	$6,030,336	-$2,191,555 -$461,321	$3,377,460
22	$6,331,883	-$2,303,127 -$484,389	$3,544,367
23	$6,648,379	-$2,420,231 -$508,601	$3,719,547
24	$6,980,881	-$2,543,256 -$534,037	$3,903,588
25	$7,329,842	-$2,672,372 -$560,733	$4,096,737
26	$7,696,470	-$2,808,024 -$588,780	$4,299,666
27	$8,081,218	-$2,950,381 -$618,213	$4,512,624
28	$8,485,294	-$3,099,889 -$649,125	$4,736,280
29	$8,909,604	-$3,256,884 -$681,585	$4,971,135
30	$9,355,054	-$3,421,700 -$715,662	$5,217,692