The jackpot for the Powerball draw on Mon May 12, 2025, is projected to be $93 Million, with an option for a cash payout of $42.3 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 Mon May 12, 2025 |
|---|
| Draw Date | Mon May 12, 2025 | | Projected Jackpot | $93,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(7.65%) | $3,235,950 | | Net Lumpsum Payment | $23,452,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,399,743 |
$478,235
$107,080 |
$814,428 |
| 2 |
$1,469,772 |
$504,146
$112,438 |
$853,188 |
| 3 |
$1,543,242 |
$531,330
$118,058 |
$893,854 |
| 4 |
$1,620,432 |
$559,890
$123,963 |
$936,579 |
| 5 |
$1,701,435 |
$589,861
$130,160 |
$981,414 |
| 6 |
$1,786,530 |
$621,346
$136,670 |
$1,028,514 |
| 7 |
$1,875,810 |
$654,380
$143,499 |
$1,077,931 |
| 8 |
$1,969,647 |
$689,100
$150,678 |
$1,129,869 |
| 9 |
$2,068,134 |
$725,540
$158,212 |
$1,184,382 |
| 10 |
$2,171,550 |
$763,804
$166,124 |
$1,241,622 |
| 11 |
$2,280,081 |
$803,960
$174,426 |
$1,301,695 |
| 12 |
$2,394,099 |
$846,147
$183,149 |
$1,364,803 |
| 13 |
$2,513,790 |
$890,433
$192,305 |
$1,431,052 |
| 14 |
$2,639,526 |
$936,955
$201,924 |
$1,500,647 |
| 15 |
$2,771,493 |
$985,783
$212,019 |
$1,573,691 |
| 16 |
$2,910,063 |
$1,037,054
$222,620 |
$1,650,389 |
| 17 |
$3,055,515 |
$1,090,871
$233,747 |
$1,730,897 |
| 18 |
$3,208,314 |
$1,147,407
$245,436 |
$1,815,471 |
| 19 |
$3,368,739 |
$1,206,764
$257,709 |
$1,904,266 |
| 20 |
$3,537,162 |
$1,269,080
$270,593 |
$1,997,489 |
| 21 |
$3,714,048 |
$1,334,528
$284,125 |
$2,095,395 |
| 22 |
$3,899,769 |
$1,403,245
$298,332 |
$2,198,192 |
| 23 |
$4,094,697 |
$1,475,368
$313,244 |
$2,306,085 |
| 24 |
$4,299,483 |
$1,551,139
$328,910 |
$2,419,434 |
| 25 |
$4,514,406 |
$1,630,661
$345,352 |
$2,538,393 |
| 26 |
$4,740,210 |
$1,714,208
$362,626 |
$2,663,376 |
| 27 |
$4,977,174 |
$1,801,885
$380,754 |
$2,794,535 |
| 28 |
$5,226,042 |
$1,893,966
$399,792 |
$2,932,284 |
| 29 |
$5,487,372 |
$1,990,658
$419,784 |
$3,076,930 |
| 30 |
$5,761,722 |
$2,092,168
$440,772 |
$3,228,782 |
|
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