The jackpot for the Powerball draw on Wed Apr 23, 2025, is projected to be $151 Million, with an option for a cash payout of $69.3 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 Apr 23, 2025 |
|---|
| Draw Date | Wed Apr 23, 2025 | | Projected Jackpot | $151,000,000 | | Cash Value | $69,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $69,300,000 | | Federal Tax(24%) | $16,632,000 | | Additional Federal Tax | $8,969,330 | | State Tax(7.65%) | $5,301,450 | | Net Lumpsum Payment | $38,397,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,272,701 |
$801,230
$173,862 |
$1,297,609 |
| 2 |
$2,386,404 |
$843,300
$182,560 |
$1,360,544 |
| 3 |
$2,505,694 |
$887,437
$191,686 |
$1,426,571 |
| 4 |
$2,631,024 |
$933,809
$201,273 |
$1,495,942 |
| 5 |
$2,762,545 |
$982,472
$211,335 |
$1,568,738 |
| 6 |
$2,900,710 |
$1,033,593
$221,904 |
$1,645,213 |
| 7 |
$3,045,670 |
$1,087,228
$232,994 |
$1,725,448 |
| 8 |
$3,198,029 |
$1,143,601
$244,649 |
$1,809,779 |
| 9 |
$3,357,938 |
$1,202,767
$256,882 |
$1,898,289 |
| 10 |
$3,525,850 |
$1,264,895
$269,728 |
$1,991,227 |
| 11 |
$3,702,067 |
$1,330,095
$283,208 |
$2,088,764 |
| 12 |
$3,887,193 |
$1,398,592
$297,370 |
$2,191,231 |
| 13 |
$4,081,530 |
$1,470,496
$312,237 |
$2,298,797 |
| 14 |
$4,285,682 |
$1,546,033
$327,855 |
$2,411,794 |
| 15 |
$4,499,951 |
$1,625,312
$344,246 |
$2,530,393 |
| 16 |
$4,724,941 |
$1,708,559
$361,458 |
$2,654,924 |
| 17 |
$4,961,105 |
$1,795,939
$379,525 |
$2,785,641 |
| 18 |
$5,209,198 |
$1,887,734
$398,504 |
$2,922,960 |
| 19 |
$5,469,673 |
$1,984,109
$418,430 |
$3,067,134 |
| 20 |
$5,743,134 |
$2,085,290
$439,350 |
$3,218,494 |
| 21 |
$6,030,336 |
$2,191,555
$461,321 |
$3,377,460 |
| 22 |
$6,331,883 |
$2,303,127
$484,389 |
$3,544,367 |
| 23 |
$6,648,379 |
$2,420,231
$508,601 |
$3,719,547 |
| 24 |
$6,980,881 |
$2,543,256
$534,037 |
$3,903,588 |
| 25 |
$7,329,842 |
$2,672,372
$560,733 |
$4,096,737 |
| 26 |
$7,696,470 |
$2,808,024
$588,780 |
$4,299,666 |
| 27 |
$8,081,218 |
$2,950,381
$618,213 |
$4,512,624 |
| 28 |
$8,485,294 |
$3,099,889
$649,125 |
$4,736,280 |
| 29 |
$8,909,604 |
$3,256,884
$681,585 |
$4,971,135 |
| 30 |
$9,355,054 |
$3,421,700
$715,662 |
$5,217,692 |
|
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