The jackpot for the Powerball draw on Mon Feb 24, 2025, is projected to be $230 Million, with an option for a cash payout of $105.2 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 Feb 24, 2025 |
|---|
| Draw Date | Mon Feb 24, 2025 | | Projected Jackpot | $230,000,000 | | Cash Value | $105,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,200,000 | | Federal Tax(24%) | $25,248,000 | | Additional Federal Tax | $13,636,330 | | State Tax(7.65%) | $8,047,800 | | Net Lumpsum Payment | $58,267,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,461,730 |
$1,241,170
$264,822 |
$1,955,738 |
| 2 |
$3,634,920 |
$1,305,251
$278,071 |
$2,051,598 |
| 3 |
$3,816,620 |
$1,372,480
$291,971 |
$2,152,169 |
| 4 |
$4,007,520 |
$1,443,113
$306,575 |
$2,257,832 |
| 5 |
$4,207,850 |
$1,517,235
$321,901 |
$2,368,714 |
| 6 |
$4,418,300 |
$1,595,101
$338,000 |
$2,485,199 |
| 7 |
$4,639,100 |
$1,676,797
$354,891 |
$2,607,412 |
| 8 |
$4,871,170 |
$1,762,663
$372,645 |
$2,735,862 |
| 9 |
$5,114,740 |
$1,852,784
$391,278 |
$2,870,678 |
| 10 |
$5,370,500 |
$1,947,415
$410,843 |
$3,012,242 |
| 11 |
$5,638,910 |
$2,046,727
$431,377 |
$3,160,806 |
| 12 |
$5,920,890 |
$2,151,060
$452,948 |
$3,316,882 |
| 13 |
$6,216,900 |
$2,260,583
$475,593 |
$3,480,724 |
| 14 |
$6,527,860 |
$2,375,639
$499,381 |
$3,652,840 |
| 15 |
$6,854,230 |
$2,496,395
$524,349 |
$3,833,486 |
| 16 |
$7,196,930 |
$2,623,194
$550,565 |
$4,023,171 |
| 17 |
$7,556,650 |
$2,756,291
$578,084 |
$4,222,275 |
| 18 |
$7,934,540 |
$2,896,110
$606,992 |
$4,431,438 |
| 19 |
$8,331,290 |
$3,042,908
$637,344 |
$4,651,038 |
| 20 |
$8,747,820 |
$3,197,024
$669,208 |
$4,881,588 |
| 21 |
$9,185,280 |
$3,358,884
$702,674 |
$5,123,722 |
| 22 |
$9,644,590 |
$3,528,829
$737,811 |
$5,377,950 |
| 23 |
$10,126,670 |
$3,707,198
$774,690 |
$5,644,782 |
| 24 |
$10,633,130 |
$3,894,588
$813,434 |
$5,925,108 |
| 25 |
$11,164,660 |
$4,091,255
$854,096 |
$6,219,309 |
| 26 |
$11,723,100 |
$4,297,877
$896,817 |
$6,528,406 |
| 27 |
$12,309,140 |
$4,514,712
$941,649 |
$6,852,779 |
| 28 |
$12,924,620 |
$4,742,440
$988,733 |
$7,193,447 |
| 29 |
$13,570,920 |
$4,981,571
$1,038,175 |
$7,551,174 |
| 30 |
$14,249,420 |
$5,232,616
$1,090,081 |
$7,926,723 |
|
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