The jackpot for the Powerball draw on Mon Aug 24, 2026, is projected to be $81 Million, with an option for a cash payout of $34.8 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 Aug 24, 2026 |
|---|
| Draw Date | Mon Aug 24, 2026 | | Projected Jackpot | $81,000,000 | | Cash Value | $34,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,800,000 | | Federal Tax(24%) | $8,352,000 | | Additional Federal Tax | $4,484,330 | | State Tax(7.65%) | $2,662,200 | | Net Lumpsum Payment | $19,301,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$93,264 |
$714,458 |
| 2 |
$1,280,124 |
$433,976
$97,929 |
$748,219 |
| 3 |
$1,344,114 |
$457,653
$102,825 |
$783,636 |
| 4 |
$1,411,344 |
$482,528
$107,968 |
$820,848 |
| 5 |
$1,481,895 |
$508,632
$113,365 |
$859,898 |
| 6 |
$1,556,010 |
$536,054
$119,035 |
$900,921 |
| 7 |
$1,633,770 |
$564,825
$124,983 |
$943,962 |
| 8 |
$1,715,499 |
$595,065
$131,236 |
$989,198 |
| 9 |
$1,801,278 |
$626,803
$137,798 |
$1,036,677 |
| 10 |
$1,891,350 |
$660,130
$144,688 |
$1,086,532 |
| 11 |
$1,985,877 |
$695,105
$151,920 |
$1,138,852 |
| 12 |
$2,085,183 |
$731,848
$159,516 |
$1,193,819 |
| 13 |
$2,189,430 |
$770,419
$167,491 |
$1,251,520 |
| 14 |
$2,298,942 |
$810,939
$175,869 |
$1,312,134 |
| 15 |
$2,413,881 |
$853,466
$184,662 |
$1,375,753 |
| 16 |
$2,534,571 |
$898,122
$193,895 |
$1,442,554 |
| 17 |
$2,661,255 |
$944,995
$203,586 |
$1,512,674 |
| 18 |
$2,794,338 |
$994,235
$213,767 |
$1,586,336 |
| 19 |
$2,934,063 |
$1,045,934
$224,456 |
$1,663,673 |
| 20 |
$3,080,754 |
$1,100,209
$235,678 |
$1,744,867 |
| 21 |
$3,234,816 |
$1,157,212
$247,463 |
$1,830,141 |
| 22 |
$3,396,573 |
$1,217,062
$259,838 |
$1,919,673 |
| 23 |
$3,566,349 |
$1,279,880
$272,826 |
$2,013,643 |
| 24 |
$3,744,711 |
$1,345,873
$286,470 |
$2,112,368 |
| 25 |
$3,931,902 |
$1,415,134
$300,791 |
$2,215,977 |
| 26 |
$4,128,570 |
$1,487,901
$315,836 |
$2,324,833 |
| 27 |
$4,334,958 |
$1,564,265
$331,624 |
$2,439,069 |
| 28 |
$4,551,714 |
$1,644,465
$348,206 |
$2,559,043 |
| 29 |
$4,779,324 |
$1,728,680
$365,618 |
$2,685,026 |
| 30 |
$5,018,274 |
$1,817,092
$383,898 |
$2,817,284 |
|
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