The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Apr 2, 2025 |
|---|
| Draw Date | Wed Apr 2, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(7.65%) | $1,063,350 | | Net Lumpsum Payment | $7,733,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$34,542 |
$289,592 |
| 2 |
$474,120 |
$135,755
$36,270 |
$302,095 |
| 3 |
$497,820 |
$144,524
$38,083 |
$315,213 |
| 4 |
$522,720 |
$153,737
$39,988 |
$328,995 |
| 5 |
$548,850 |
$163,405
$41,987 |
$343,458 |
| 6 |
$576,300 |
$173,561
$44,087 |
$358,652 |
| 7 |
$605,100 |
$184,217
$46,290 |
$374,593 |
| 8 |
$635,370 |
$195,417
$48,606 |
$391,347 |
| 9 |
$667,140 |
$207,172
$51,036 |
$408,932 |
| 10 |
$700,500 |
$219,515
$53,588 |
$427,397 |
| 11 |
$735,510 |
$232,469
$56,267 |
$446,774 |
| 12 |
$772,290 |
$246,078
$59,080 |
$467,132 |
| 13 |
$810,900 |
$260,363
$62,034 |
$488,503 |
| 14 |
$851,460 |
$275,371
$65,137 |
$510,952 |
| 15 |
$894,030 |
$291,121
$68,393 |
$534,516 |
| 16 |
$938,730 |
$307,660
$71,813 |
$559,257 |
| 17 |
$985,650 |
$325,021
$75,402 |
$585,227 |
| 18 |
$1,034,940 |
$343,258
$79,173 |
$612,509 |
| 19 |
$1,086,690 |
$362,406
$83,132 |
$641,152 |
| 20 |
$1,141,020 |
$382,508
$87,288 |
$671,224 |
| 21 |
$1,198,080 |
$403,620
$91,653 |
$702,807 |
| 22 |
$1,257,990 |
$425,787
$96,236 |
$735,967 |
| 23 |
$1,320,870 |
$449,052
$101,047 |
$770,771 |
| 24 |
$1,386,930 |
$473,494
$106,100 |
$807,336 |
| 25 |
$1,456,260 |
$499,147
$111,404 |
$845,709 |
| 26 |
$1,529,100 |
$526,097
$116,976 |
$886,027 |
| 27 |
$1,605,540 |
$554,380
$122,824 |
$928,336 |
| 28 |
$1,685,820 |
$584,084
$128,965 |
$972,771 |
| 29 |
$1,770,120 |
$615,275
$135,414 |
$1,019,431 |
| 30 |
$1,858,620 |
$648,020
$142,184 |
$1,068,416 |
|
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