The jackpot for the Powerball draw on Sat Jan 3, 2026, is projected to be $64 Million, with an option for a cash payout of $29.5 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 Jan 3, 2026 |
|---|
| Draw Date | Sat Jan 3, 2026 | | Projected Jackpot | $64,000,000 | | Cash Value | $29,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,500,000 | | Federal Tax(24%) | $7,080,000 | | Additional Federal Tax | $3,795,330 | | State Tax(7.65%) | $2,256,750 | | Net Lumpsum Payment | $16,367,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$963,264 |
$316,738
$73,690 |
$572,836 |
| 2 |
$1,011,456 |
$334,569
$77,376 |
$599,511 |
| 3 |
$1,062,016 |
$353,276
$81,244 |
$627,496 |
| 4 |
$1,115,136 |
$372,931
$85,308 |
$656,897 |
| 5 |
$1,170,880 |
$393,556
$89,572 |
$687,752 |
| 6 |
$1,229,440 |
$415,223
$94,052 |
$720,165 |
| 7 |
$1,290,880 |
$437,956
$98,752 |
$754,172 |
| 8 |
$1,355,456 |
$461,849
$103,692 |
$789,915 |
| 9 |
$1,423,232 |
$486,926
$108,877 |
$827,429 |
| 10 |
$1,494,400 |
$513,258
$114,322 |
$866,820 |
| 11 |
$1,569,088 |
$540,893
$120,035 |
$908,160 |
| 12 |
$1,647,552 |
$569,925
$126,038 |
$951,589 |
| 13 |
$1,729,920 |
$600,401
$132,339 |
$997,180 |
| 14 |
$1,816,448 |
$632,416
$138,958 |
$1,045,074 |
| 15 |
$1,907,264 |
$666,018
$145,906 |
$1,095,340 |
| 16 |
$2,002,624 |
$701,301
$153,201 |
$1,148,122 |
| 17 |
$2,102,720 |
$738,337
$160,858 |
$1,203,525 |
| 18 |
$2,207,872 |
$777,243
$168,902 |
$1,261,727 |
| 19 |
$2,318,272 |
$818,091
$177,348 |
$1,322,833 |
| 20 |
$2,434,176 |
$860,976
$186,214 |
$1,386,986 |
| 21 |
$2,555,904 |
$906,015
$195,527 |
$1,454,362 |
| 22 |
$2,683,712 |
$953,304
$205,304 |
$1,525,104 |
| 23 |
$2,817,856 |
$1,002,937
$215,566 |
$1,599,353 |
| 24 |
$2,958,784 |
$1,055,080
$226,347 |
$1,677,357 |
| 25 |
$3,106,688 |
$1,109,805
$237,662 |
$1,759,221 |
| 26 |
$3,262,080 |
$1,167,300
$249,549 |
$1,845,231 |
| 27 |
$3,425,152 |
$1,227,637
$262,024 |
$1,935,491 |
| 28 |
$3,596,416 |
$1,291,004
$275,126 |
$2,030,286 |
| 29 |
$3,776,256 |
$1,357,545
$288,884 |
$2,129,827 |
| 30 |
$3,965,056 |
$1,427,401
$303,327 |
$2,234,328 |
|
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