The jackpot for the Powerball draw on Wed Jun 24, 2026, is projected to be $327 Million, with an option for a cash payout of $148 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 Jun 24, 2026 |
|---|
| Draw Date | Wed Jun 24, 2026 | | Projected Jackpot | $327,000,000 | | Cash Value | $148,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $148,000,000 | | Federal Tax(24%) | $35,520,000 | | Additional Federal Tax | $19,200,330 | | State Tax(7.65%) | $11,322,000 | | Net Lumpsum Payment | $81,957,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,921,677 |
$1,781,351
$376,508 |
$2,763,818 |
| 2 |
$5,167,908 |
$1,872,456
$395,345 |
$2,900,107 |
| 3 |
$5,426,238 |
$1,968,038
$415,107 |
$3,043,093 |
| 4 |
$5,697,648 |
$2,068,460
$435,870 |
$3,193,318 |
| 5 |
$5,982,465 |
$2,173,842
$457,659 |
$3,350,964 |
| 6 |
$6,281,670 |
$2,284,548
$480,548 |
$3,516,574 |
| 7 |
$6,595,590 |
$2,400,699
$504,563 |
$3,690,328 |
| 8 |
$6,925,533 |
$2,522,778
$529,803 |
$3,872,952 |
| 9 |
$7,271,826 |
$2,650,906
$556,295 |
$4,064,625 |
| 10 |
$7,635,450 |
$2,785,447
$584,112 |
$4,265,891 |
| 11 |
$8,017,059 |
$2,926,642
$613,305 |
$4,477,112 |
| 12 |
$8,417,961 |
$3,074,976
$643,974 |
$4,699,011 |
| 13 |
$8,838,810 |
$3,230,690
$676,169 |
$4,931,951 |
| 14 |
$9,280,914 |
$3,394,269
$709,990 |
$5,176,655 |
| 15 |
$9,744,927 |
$3,565,953
$745,487 |
$5,433,487 |
| 16 |
$10,232,157 |
$3,746,228
$782,760 |
$5,703,169 |
| 17 |
$10,743,585 |
$3,935,457
$821,884 |
$5,986,244 |
| 18 |
$11,280,846 |
$4,134,243
$862,985 |
$6,283,618 |
| 19 |
$11,844,921 |
$4,342,951
$906,136 |
$6,595,834 |
| 20 |
$12,437,118 |
$4,562,064
$951,440 |
$6,923,614 |
| 21 |
$13,059,072 |
$4,792,187
$999,019 |
$7,267,866 |
| 22 |
$13,712,091 |
$5,033,804
$1,048,975 |
$7,629,312 |
| 23 |
$14,397,483 |
$5,287,399
$1,101,407 |
$8,008,677 |
| 24 |
$15,117,537 |
$5,553,819
$1,156,492 |
$8,407,226 |
| 25 |
$15,873,234 |
$5,833,427
$1,214,302 |
$8,825,505 |
| 26 |
$16,667,190 |
$6,127,191
$1,275,040 |
$9,264,959 |
| 27 |
$17,500,386 |
$6,435,473
$1,338,780 |
$9,726,133 |
| 28 |
$18,375,438 |
$6,759,242
$1,405,721 |
$10,210,475 |
| 29 |
$19,294,308 |
$7,099,224
$1,476,015 |
$10,719,069 |
| 30 |
$20,258,958 |
$7,456,145
$1,549,810 |
$11,253,003 |
|
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