The jackpot for the Powerball draw on Wed Jul 16, 2025, is projected to be $264 Million, with an option for a cash payout of $119.7 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 Wed Jul 16, 2025 |
|---|
| Draw Date | Wed Jul 16, 2025 | | Projected Jackpot | $264,000,000 | | Cash Value | $119,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,700,000 | | Federal Tax(24%) | $28,728,000 | | Additional Federal Tax | $15,521,330 | | State Tax(7.65%) | $9,157,050 | | Net Lumpsum Payment | $66,293,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,973,464 |
$1,430,512
$303,970 |
$2,238,982 |
| 2 |
$4,172,256 |
$1,504,065
$319,178 |
$2,349,013 |
| 3 |
$4,380,816 |
$1,581,232
$335,132 |
$2,464,452 |
| 4 |
$4,599,936 |
$1,662,307
$351,895 |
$2,585,734 |
| 5 |
$4,829,880 |
$1,747,386
$369,486 |
$2,713,008 |
| 6 |
$5,071,440 |
$1,836,763
$387,965 |
$2,846,712 |
| 7 |
$5,324,880 |
$1,930,536
$407,353 |
$2,986,991 |
| 8 |
$5,591,256 |
$2,029,095
$427,731 |
$3,134,430 |
| 9 |
$5,870,832 |
$2,132,538
$449,119 |
$3,289,175 |
| 10 |
$6,164,400 |
$2,241,158
$471,577 |
$3,451,665 |
| 11 |
$6,472,488 |
$2,355,151
$495,145 |
$3,622,192 |
| 12 |
$6,796,152 |
$2,474,907
$519,906 |
$3,801,339 |
| 13 |
$7,135,920 |
$2,600,621
$545,898 |
$3,989,401 |
| 14 |
$7,492,848 |
$2,732,684
$573,203 |
$4,186,961 |
| 15 |
$7,867,464 |
$2,871,292
$601,861 |
$4,394,311 |
| 16 |
$8,260,824 |
$3,016,835
$631,953 |
$4,612,036 |
| 17 |
$8,673,720 |
$3,169,607
$663,540 |
$4,840,573 |
| 18 |
$9,107,472 |
$3,330,095
$696,722 |
$5,080,655 |
| 19 |
$9,562,872 |
$3,498,593
$731,560 |
$5,332,719 |
| 20 |
$10,040,976 |
$3,675,492
$768,135 |
$5,597,349 |
| 21 |
$10,543,104 |
$3,861,279
$806,547 |
$5,875,278 |
| 22 |
$11,070,312 |
$4,056,346
$846,879 |
$6,167,087 |
| 23 |
$11,623,656 |
$4,261,083
$889,210 |
$6,473,363 |
| 24 |
$12,204,984 |
$4,476,174
$933,681 |
$6,795,129 |
| 25 |
$12,815,088 |
$4,701,913
$980,354 |
$7,132,821 |
| 26 |
$13,456,080 |
$4,939,080
$1,029,390 |
$7,487,610 |
| 27 |
$14,128,752 |
$5,187,969
$1,080,850 |
$7,859,933 |
| 28 |
$14,835,216 |
$5,449,360
$1,134,894 |
$8,250,962 |
| 29 |
$15,577,056 |
$5,723,841
$1,191,645 |
$8,661,570 |
| 30 |
$16,355,856 |
$6,011,997
$1,251,223 |
$9,092,636 |
|
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