Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 3, 2026 is estimated to be $748 Million, with a cash option of 325.1 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 3, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 3, 2026	$748,000,000	$325,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$325,100,000
Federal Tax(24%)	$78,024,000
Additional Federal Tax	$42,223,330
State Tax(7.65%)	$24,870,150
Net Lumpsum Payment	$179,982,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,258,148	-$4,125,845 -$861,248	$6,271,055
2	$11,821,392	-$4,334,245 -$904,336	$6,582,811
3	$12,412,312	-$4,552,886 -$949,542	$6,909,884
4	$13,033,152	-$4,782,597 -$997,036	$7,253,519
5	$13,684,660	-$5,023,655 -$1,046,876	$7,614,129
6	$14,369,080	-$5,276,890 -$1,099,235	$7,992,955
7	$15,087,160	-$5,542,580 -$1,154,168	$8,390,412
8	$15,841,892	-$5,821,830 -$1,211,905	$8,808,157
9	$16,634,024	-$6,114,919 -$1,272,503	$9,246,602
10	$17,465,800	-$6,422,676 -$1,336,134	$9,706,990
11	$18,338,716	-$6,745,655 -$1,402,912	$10,190,149
12	$19,255,764	-$7,084,963 -$1,473,066	$10,697,735
13	$20,218,440	-$7,441,153 -$1,546,711	$11,230,576
14	$21,229,736	-$7,815,333 -$1,624,075	$11,790,328
15	$22,291,148	-$8,208,055 -$1,705,273	$12,377,820
16	$23,405,668	-$8,620,428 -$1,790,534	$12,994,706
17	$24,575,540	-$9,053,280 -$1,880,029	$13,642,231
18	$25,804,504	-$9,507,997 -$1,974,045	$14,322,462
19	$27,094,804	-$9,985,408 -$2,072,753	$15,036,643
20	$28,449,432	-$10,486,620 -$2,176,382	$15,786,430
21	$29,872,128	-$11,013,018 -$2,285,218	$16,573,892
22	$31,365,884	-$11,565,707 -$2,399,490	$17,400,687
23	$32,933,692	-$12,145,796 -$2,519,427	$18,268,469
24	$34,580,788	-$12,755,222 -$2,645,430	$19,180,136
25	$36,309,416	-$13,394,814 -$2,777,670	$20,136,932
26	$38,125,560	-$14,066,788 -$2,916,605	$21,142,167
27	$40,031,464	-$14,771,972 -$3,062,407	$22,197,085
28	$42,033,112	-$15,512,582 -$3,215,533	$23,304,997
29	$44,134,992	-$16,290,277 -$3,376,327	$24,468,388
30	$46,341,592	-$17,106,719 -$3,545,132	$25,689,741