The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(7.65%) | $7,236,900 | | Net Lumpsum Payment | $52,400,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$233,735 |
$1,730,807 |
| 2 |
$3,208,212 |
$1,147,369
$245,428 |
$1,815,415 |
| 3 |
$3,368,582 |
$1,206,706
$257,697 |
$1,904,179 |
| 4 |
$3,537,072 |
$1,269,047
$270,586 |
$1,997,439 |
| 5 |
$3,713,885 |
$1,334,468
$284,112 |
$2,095,305 |
| 6 |
$3,899,630 |
$1,403,193
$298,322 |
$2,198,115 |
| 7 |
$4,094,510 |
$1,475,299
$313,230 |
$2,305,981 |
| 8 |
$4,299,337 |
$1,551,085
$328,899 |
$2,419,353 |
| 9 |
$4,514,314 |
$1,630,627
$345,345 |
$2,538,342 |
| 10 |
$4,740,050 |
$1,714,149
$362,614 |
$2,663,287 |
| 11 |
$4,976,951 |
$1,801,802
$380,737 |
$2,794,412 |
| 12 |
$5,225,829 |
$1,893,887
$399,776 |
$2,932,166 |
| 13 |
$5,487,090 |
$1,990,554
$419,762 |
$3,076,774 |
| 14 |
$5,761,546 |
$2,092,102
$440,758 |
$3,228,686 |
| 15 |
$6,049,603 |
$2,198,683
$462,795 |
$3,388,125 |
| 16 |
$6,352,073 |
$2,310,597
$485,934 |
$3,555,542 |
| 17 |
$6,669,565 |
$2,428,069
$510,222 |
$3,731,274 |
| 18 |
$7,003,094 |
$2,551,475
$535,737 |
$3,915,882 |
| 19 |
$7,353,269 |
$2,681,040
$562,525 |
$4,109,704 |
| 20 |
$7,720,902 |
$2,817,064
$590,649 |
$4,313,189 |
| 21 |
$8,107,008 |
$2,959,923
$620,186 |
$4,526,899 |
| 22 |
$8,512,399 |
$3,109,918
$651,199 |
$4,751,282 |
| 23 |
$8,937,887 |
$3,267,349
$683,748 |
$4,986,790 |
| 24 |
$9,384,893 |
$3,432,741
$717,944 |
$5,234,208 |
| 25 |
$9,854,026 |
$3,606,320
$753,833 |
$5,493,873 |
| 26 |
$10,346,910 |
$3,788,687
$791,539 |
$5,766,684 |
| 27 |
$10,864,154 |
$3,980,067
$831,108 |
$6,052,979 |
| 28 |
$11,407,382 |
$4,181,062
$872,665 |
$6,353,655 |
| 29 |
$11,977,812 |
$4,392,121
$916,303 |
$6,669,388 |
| 30 |
$12,576,662 |
$4,613,695
$962,115 |
$7,000,852 |
|
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