The jackpot for the Powerball draw on Wed May 14, 2025, is projected to be $106 Million, with an option for a cash payout of $48.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Wisconsin residents, the state will deduct 7.65% from your lottery earnings.
| Wisconsin Powerball Jackpot/Cash Option for Wed May 14, 2025 |
|---|
| Draw Date | Wed May 14, 2025 | | Projected Jackpot | $106,000,000 | | Cash Value | $48,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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