Wisconsin Lottery

WILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(7.65%)	$7,986,600
Net Lumpsum Payment	$57,825,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$256,763	$1,897,422
2	$3,524,292	-$1,264,318 -$269,608	$1,990,366
3	$3,700,462	-$1,329,501 -$283,085	$2,087,876
4	$3,885,552	-$1,397,985 -$297,245	$2,190,322
5	$4,079,785	-$1,469,851 -$312,104	$2,297,830
6	$4,283,830	-$1,545,347 -$327,713	$2,410,770
7	$4,497,910	-$1,624,557 -$344,090	$2,529,263
8	$4,722,917	-$1,707,810 -$361,303	$2,653,804
9	$4,959,074	-$1,795,188 -$379,369	$2,784,517
10	$5,207,050	-$1,886,939 -$398,339	$2,921,772
11	$5,467,291	-$1,983,228 -$418,248	$3,065,815
12	$5,740,689	-$2,084,385 -$439,163	$3,217,141
13	$6,027,690	-$2,190,576 -$461,118	$3,375,996
14	$6,329,186	-$2,302,129 -$484,183	$3,542,874
15	$6,645,623	-$2,419,211 -$508,390	$3,718,022
16	$6,977,893	-$2,542,151 -$533,809	$3,901,933
17	$7,326,665	-$2,671,196 -$560,490	$4,094,979
18	$7,693,054	-$2,806,760 -$588,519	$4,297,775
19	$8,077,729	-$2,949,090 -$617,946	$4,510,693
20	$8,481,582	-$3,098,516 -$648,841	$4,734,225
21	$8,905,728	-$3,255,450 -$681,288	$4,968,990
22	$9,351,059	-$3,420,222 -$715,356	$5,215,481
23	$9,818,467	-$3,593,163 -$751,113	$5,474,191
24	$10,309,513	-$3,774,850 -$788,678	$5,745,985
25	$10,824,866	-$3,965,531 -$828,102	$6,031,233
26	$11,366,310	-$4,165,865 -$869,523	$6,330,922
27	$11,934,514	-$4,376,101 -$912,990	$6,645,423
28	$12,531,262	-$4,596,897 -$958,642	$6,975,723
29	$13,157,892	-$4,828,750 -$1,006,579	$7,322,563
30	$13,815,742	-$5,072,155 -$1,056,904	$7,686,683