The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 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 Mon Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(7.65%) | $2,249,100 | | Net Lumpsum Payment | $16,312,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$74,841 |
$581,167 |
| 2 |
$1,027,260 |
$340,417
$78,585 |
$608,258 |
| 3 |
$1,078,610 |
$359,416
$82,514 |
$636,680 |
| 4 |
$1,132,560 |
$379,378
$86,641 |
$666,541 |
| 5 |
$1,189,175 |
$400,325
$90,972 |
$697,878 |
| 6 |
$1,248,650 |
$422,331
$95,522 |
$730,797 |
| 7 |
$1,311,050 |
$445,419
$100,295 |
$765,336 |
| 8 |
$1,376,635 |
$469,685
$105,313 |
$801,637 |
| 9 |
$1,445,470 |
$495,154
$110,578 |
$839,738 |
| 10 |
$1,517,750 |
$521,898
$116,108 |
$879,744 |
| 11 |
$1,593,605 |
$549,964
$121,911 |
$921,730 |
| 12 |
$1,673,295 |
$579,450
$128,007 |
$965,838 |
| 13 |
$1,756,950 |
$610,402
$134,407 |
$1,012,141 |
| 14 |
$1,844,830 |
$642,917
$141,129 |
$1,060,784 |
| 15 |
$1,937,065 |
$677,044
$148,185 |
$1,111,836 |
| 16 |
$2,033,915 |
$712,879
$155,594 |
$1,165,442 |
| 17 |
$2,135,575 |
$750,493
$163,371 |
$1,221,711 |
| 18 |
$2,242,370 |
$790,007
$171,541 |
$1,280,822 |
| 19 |
$2,354,495 |
$831,494
$180,119 |
$1,342,882 |
| 20 |
$2,472,210 |
$875,048
$189,124 |
$1,408,038 |
| 21 |
$2,595,840 |
$920,791
$198,582 |
$1,476,467 |
| 22 |
$2,725,645 |
$968,819
$208,512 |
$1,548,314 |
| 23 |
$2,861,885 |
$1,019,228
$218,934 |
$1,623,723 |
| 24 |
$3,005,015 |
$1,072,186
$229,884 |
$1,702,945 |
| 25 |
$3,155,230 |
$1,127,765
$241,375 |
$1,786,090 |
| 26 |
$3,313,050 |
$1,186,159
$253,448 |
$1,873,443 |
| 27 |
$3,478,670 |
$1,247,438
$266,118 |
$1,965,114 |
| 28 |
$3,652,610 |
$1,311,796
$279,425 |
$2,061,389 |
| 29 |
$3,835,260 |
$1,379,377
$293,397 |
$2,162,486 |
| 30 |
$4,027,010 |
$1,450,324
$308,066 |
$2,268,620 |
|
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