The jackpot for the Powerball draw on Mon Oct 12, 2026, is projected to be $538 Million, with an option for a cash payout of $220.6 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 Oct 12, 2026 |
|---|
| Draw Date | Mon Oct 12, 2026 | | Projected Jackpot | $538,000,000 | | Cash Value | $220,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,600,000 | | Federal Tax(24%) | $52,944,000 | | Additional Federal Tax | $28,638,330 | | State Tax(7.65%) | $16,875,900 | | Net Lumpsum Payment | $122,141,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,097,438 |
$2,956,382
$619,454 |
$4,521,602 |
| 2 |
$8,502,552 |
$3,106,275
$650,445 |
$4,745,832 |
| 3 |
$8,927,572 |
$3,263,532
$682,959 |
$4,981,081 |
| 4 |
$9,374,112 |
$3,428,752
$717,120 |
$5,228,240 |
| 5 |
$9,842,710 |
$3,602,133
$752,967 |
$5,487,610 |
| 6 |
$10,334,980 |
$3,784,273
$790,626 |
$5,760,081 |
| 7 |
$10,851,460 |
$3,975,371
$830,137 |
$6,045,952 |
| 8 |
$11,394,302 |
$4,176,222
$871,664 |
$6,346,416 |
| 9 |
$11,964,044 |
$4,387,027
$915,249 |
$6,661,768 |
| 10 |
$12,562,300 |
$4,608,381
$961,016 |
$6,992,903 |
| 11 |
$13,190,146 |
$4,840,684
$1,009,046 |
$7,340,416 |
| 12 |
$13,849,734 |
$5,084,732
$1,059,505 |
$7,705,497 |
| 13 |
$14,542,140 |
$5,340,922
$1,112,474 |
$8,088,744 |
| 14 |
$15,269,516 |
$5,610,051
$1,168,118 |
$8,491,347 |
| 15 |
$16,032,938 |
$5,892,517
$1,226,520 |
$8,913,901 |
| 16 |
$16,834,558 |
$6,189,117
$1,287,844 |
$9,357,597 |
| 17 |
$17,675,990 |
$6,500,447
$1,352,213 |
$9,823,330 |
| 18 |
$18,559,924 |
$6,827,502
$1,419,834 |
$10,312,588 |
| 19 |
$19,487,974 |
$7,170,881
$1,490,830 |
$10,826,263 |
| 20 |
$20,462,292 |
$7,531,378
$1,565,365 |
$11,365,549 |
| 21 |
$21,485,568 |
$7,909,991
$1,643,646 |
$11,931,931 |
| 22 |
$22,559,954 |
$8,307,513
$1,725,836 |
$12,526,605 |
| 23 |
$23,687,602 |
$8,724,743
$1,812,102 |
$13,150,757 |
| 24 |
$24,872,278 |
$9,163,073
$1,902,729 |
$13,806,476 |
| 25 |
$26,115,596 |
$9,623,101
$1,997,843 |
$14,494,652 |
| 26 |
$27,421,860 |
$10,106,419
$2,097,772 |
$15,217,669 |
| 27 |
$28,792,684 |
$10,613,623
$2,202,640 |
$15,976,421 |
| 28 |
$30,232,372 |
$11,146,308
$2,312,776 |
$16,773,288 |
| 29 |
$31,744,152 |
$11,705,667
$2,428,428 |
$17,610,057 |
| 30 |
$33,331,252 |
$12,292,894
$2,549,841 |
$18,488,517 |
|
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