Jackpot Analysis Wisconsin Powerball

Jackpot Analysis for Wisconsin Powerball
The jackpot for the Powerball draw on Sat Nov 2, 2024, is projected to be $54 Million, with an option for a cash payout of $25.8 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 2, 2024
Draw DateSat Nov 2, 2024
Projected Jackpot$54,000,000
Cash Value$25,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$25,800,000
Federal Tax(24%)$6,192,000
Additional Federal Tax$3,314,330
State Tax(7.65%)$1,973,700
Net Lumpsum Payment$14,319,970
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $812,754 $261,049
$62,176
$489,529
2 $853,416 $276,094
$65,286
$512,036
3 $896,076 $291,879
$68,550
$535,647
4 $940,896 $308,462
$71,979
$560,455
5 $987,930 $325,864
$75,577
$586,489
6 $1,037,340 $344,146
$79,357
$613,837
7 $1,089,180 $363,327
$83,322
$642,531
8 $1,143,666 $383,487
$87,490
$672,689
9 $1,200,852 $404,646
$91,865
$704,341
10 $1,260,900 $426,863
$96,459
$737,578
11 $1,323,918 $450,180
$101,280
$772,458
12 $1,390,122 $474,676
$106,344
$809,102
13 $1,459,620 $500,390
$111,661
$847,569
14 $1,532,628 $527,403
$117,246
$887,979
15 $1,609,254 $555,754
$123,108
$930,392
16 $1,689,714 $585,525
$129,263
$974,926
17 $1,774,170 $616,773
$135,724
$1,021,673
18 $1,862,892 $649,600
$142,511
$1,070,781
19 $1,956,042 $684,066
$149,637
$1,122,339
20 $2,053,836 $720,250
$157,118
$1,176,468
21 $2,156,544 $758,252
$164,976
$1,233,316
22 $2,264,382 $798,152
$173,225
$1,293,005
23 $2,377,566 $840,030
$181,884
$1,355,652
24 $2,496,474 $884,026
$190,980
$1,421,468
25 $2,621,268 $930,200
$200,527
$1,490,541
26 $2,752,380 $978,711
$210,557
$1,563,112
27 $2,889,972 $1,029,620
$221,083
$1,639,269
28 $3,034,476 $1,083,087
$232,137
$1,719,252
29 $3,186,216 $1,139,230
$243,746
$1,803,240
30 $3,345,516 $1,198,171
$255,932
$1,891,413