Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 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 Sat Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(7.65%)	$7,596,450
Net Lumpsum Payment	$55,002,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$247,551	$1,830,777
2	$3,397,860	-$1,217,539 -$259,936	$1,920,385
3	$3,567,710	-$1,280,383 -$272,930	$2,014,397
4	$3,746,160	-$1,346,410 -$286,581	$2,113,169
5	$3,933,425	-$1,415,698 -$300,907	$2,216,820
6	$4,130,150	-$1,488,486 -$315,956	$2,325,708
7	$4,336,550	-$1,564,854 -$331,746	$2,439,950
8	$4,553,485	-$1,645,120 -$348,342	$2,560,023
9	$4,781,170	-$1,729,363 -$365,760	$2,686,047
10	$5,020,250	-$1,817,823 -$384,049	$2,818,378
11	$5,271,155	-$1,910,658 -$403,243	$2,957,254
12	$5,534,745	-$2,008,186 -$423,408	$3,103,151
13	$5,811,450	-$2,110,567 -$444,576	$3,256,307
14	$6,102,130	-$2,218,118 -$466,813	$3,417,199
15	$6,407,215	-$2,331,000 -$490,152	$3,586,063
16	$6,727,565	-$2,449,529 -$514,659	$3,763,377
17	$7,063,825	-$2,573,946 -$540,383	$3,949,496
18	$7,417,070	-$2,704,646 -$567,406	$4,145,018
19	$7,787,945	-$2,841,870 -$595,778	$4,350,297
20	$8,177,310	-$2,985,935 -$625,564	$4,565,811
21	$8,586,240	-$3,137,239 -$656,847	$4,792,154
22	$9,015,595	-$3,296,101 -$689,693	$5,029,801
23	$9,466,235	-$3,462,837 -$724,167	$5,279,231
24	$9,939,665	-$3,638,006 -$760,384	$5,541,275
25	$10,436,530	-$3,821,846 -$798,395	$5,816,289
26	$10,958,550	-$4,014,994 -$838,329	$6,105,227
27	$11,506,370	-$4,217,687 -$880,237	$6,408,446
28	$12,081,710	-$4,430,563 -$924,251	$6,726,896
29	$12,685,860	-$4,654,099 -$970,468	$7,061,293
30	$13,320,110	-$4,888,771 -$1,018,988	$7,412,351