Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed May 14, 2025 is estimated to be $106 Million, with a cash option of 48.2 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 May 14, 2025

Draw Date	Jackpot	Cash Option
Wed May 14, 2025	$106,000,000	$48,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$48,200,000
Federal Tax(24%)	$11,568,000
Additional Federal Tax	$6,226,330
State Tax(7.65%)	$3,687,300
Net Lumpsum Payment	$26,718,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,595,406	-$550,631 -$122,049	$922,726
2	$1,675,224	-$580,163 -$128,155	$966,906
3	$1,758,964	-$611,147 -$134,561	$1,013,256
4	$1,846,944	-$643,700 -$141,291	$1,061,953
5	$1,939,270	-$677,860 -$148,354	$1,113,056
6	$2,036,260	-$713,747 -$155,774	$1,166,739
7	$2,138,020	-$751,398 -$163,559	$1,223,063
8	$2,244,974	-$790,971 -$171,741	$1,282,262
9	$2,357,228	-$832,505 -$180,328	$1,344,395
10	$2,475,100	-$876,117 -$189,345	$1,409,638
11	$2,598,802	-$921,887 -$198,808	$1,478,107
12	$2,728,758	-$969,971 -$208,750	$1,550,037
13	$2,865,180	-$1,020,447 -$219,186	$1,625,547
14	$3,008,492	-$1,073,472 -$230,150	$1,704,870
15	$3,158,906	-$1,129,126 -$241,656	$1,788,124
16	$3,316,846	-$1,187,563 -$253,739	$1,875,544
17	$3,482,630	-$1,248,903 -$266,421	$1,967,306
18	$3,656,788	-$1,313,342 -$279,744	$2,063,702
19	$3,839,638	-$1,380,996 -$293,732	$2,164,910
20	$4,031,604	-$1,452,024 -$308,418	$2,271,162
21	$4,233,216	-$1,526,620 -$323,841	$2,382,755
22	$4,444,898	-$1,604,943 -$340,035	$2,499,920
23	$4,667,074	-$1,687,148 -$357,031	$2,622,895
24	$4,900,486	-$1,773,510 -$374,887	$2,752,089
25	$5,145,452	-$1,864,148 -$393,627	$2,887,677
26	$5,402,820	-$1,959,374 -$413,316	$3,030,130
27	$5,672,908	-$2,059,306 -$433,977	$3,179,625
28	$5,956,564	-$2,164,259 -$455,677	$3,336,628
29	$6,254,424	-$2,274,467 -$478,463	$3,501,494
30	$6,567,124	-$2,390,166 -$502,385	$3,674,573