The jackpot for the Powerball draw on Sat Nov 23, 2024, is projected to be $171 Million, with an option for a cash payout of $78.7 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 Sat Nov 23, 2024 |
|---|
| Draw Date | Sat Nov 23, 2024 | | Projected Jackpot | $171,000,000 | | Cash Value | $78,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $78,700,000 | | Federal Tax(24%) | $18,888,000 | | Additional Federal Tax | $10,191,330 | | State Tax(7.65%) | $6,020,550 | | Net Lumpsum Payment | $43,600,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,573,721 |
$912,607
$196,890 |
$1,464,224 |
| 2 |
$2,702,484 |
$960,249
$206,740 |
$1,535,495 |
| 3 |
$2,837,574 |
$1,010,233
$217,074 |
$1,610,267 |
| 4 |
$2,979,504 |
$1,062,747
$227,932 |
$1,688,825 |
| 5 |
$3,128,445 |
$1,117,855
$239,326 |
$1,771,264 |
| 6 |
$3,284,910 |
$1,175,747
$251,296 |
$1,857,867 |
| 7 |
$3,449,070 |
$1,236,486
$263,854 |
$1,948,730 |
| 8 |
$3,621,609 |
$1,300,326
$277,053 |
$2,044,230 |
| 9 |
$3,802,698 |
$1,367,329
$290,906 |
$2,144,463 |
| 10 |
$3,992,850 |
$1,437,685
$305,453 |
$2,249,712 |
| 11 |
$4,192,407 |
$1,511,521
$320,719 |
$2,360,167 |
| 12 |
$4,402,053 |
$1,589,090
$336,757 |
$2,476,206 |
| 13 |
$4,622,130 |
$1,670,518
$353,593 |
$2,598,019 |
| 14 |
$4,853,322 |
$1,756,060
$371,279 |
$2,725,983 |
| 15 |
$5,095,971 |
$1,845,840
$389,842 |
$2,860,289 |
| 16 |
$5,350,761 |
$1,940,112
$409,333 |
$3,001,316 |
| 17 |
$5,618,205 |
$2,039,066
$429,793 |
$3,149,346 |
| 18 |
$5,899,158 |
$2,143,019
$451,286 |
$3,304,853 |
| 19 |
$6,194,133 |
$2,252,160
$473,851 |
$3,468,122 |
| 20 |
$6,503,814 |
$2,366,742
$497,542 |
$3,639,530 |
| 21 |
$6,829,056 |
$2,487,081
$522,423 |
$3,819,552 |
| 22 |
$7,170,543 |
$2,613,431
$548,547 |
$4,008,565 |
| 23 |
$7,528,959 |
$2,746,045
$575,965 |
$4,206,949 |
| 24 |
$7,905,501 |
$2,885,366
$604,771 |
$4,415,364 |
| 25 |
$8,300,682 |
$3,031,583
$635,002 |
$4,634,097 |
| 26 |
$8,715,870 |
$3,185,202
$666,764 |
$4,863,904 |
| 27 |
$9,151,578 |
$3,346,414
$700,096 |
$5,105,068 |
| 28 |
$9,609,174 |
$3,515,725
$735,102 |
$5,358,347 |
| 29 |
$10,089,684 |
$3,693,513
$771,861 |
$5,624,310 |
| 30 |
$10,594,134 |
$3,880,160
$810,451 |
$5,903,523 |
|
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