The jackpot for the Powerball draw on Wed Jul 22, 2026, is projected to be $567 Million, with an option for a cash payout of $251.8 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 Wed Jul 22, 2026 |
|---|
| Draw Date | Wed Jul 22, 2026 | | Projected Jackpot | $567,000,000 | | Cash Value | $251,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,800,000 | | Federal Tax(24%) | $60,432,000 | | Additional Federal Tax | $32,694,330 | | State Tax(7.65%) | $19,262,700 | | Net Lumpsum Payment | $139,410,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,533,917 |
$3,117,880
$652,845 |
$4,763,192 |
| 2 |
$8,960,868 |
$3,275,852
$685,506 |
$4,999,510 |
| 3 |
$9,408,798 |
$3,441,586
$719,773 |
$5,247,439 |
| 4 |
$9,879,408 |
$3,615,711
$755,775 |
$5,507,922 |
| 5 |
$10,373,265 |
$3,798,438
$793,555 |
$5,781,272 |
| 6 |
$10,892,070 |
$3,990,396
$833,243 |
$6,068,431 |
| 7 |
$11,436,390 |
$4,191,795
$874,884 |
$6,369,711 |
| 8 |
$12,008,493 |
$4,403,473
$918,650 |
$6,686,370 |
| 9 |
$12,608,946 |
$4,625,640
$964,584 |
$7,018,722 |
| 10 |
$13,239,450 |
$4,858,927
$1,012,818 |
$7,367,705 |
| 11 |
$13,901,139 |
$5,103,752
$1,063,437 |
$7,733,950 |
| 12 |
$14,596,281 |
$5,360,954
$1,116,615 |
$8,118,712 |
| 13 |
$15,326,010 |
$5,630,954
$1,172,440 |
$8,522,616 |
| 14 |
$16,092,594 |
$5,914,590
$1,231,083 |
$8,946,921 |
| 15 |
$16,897,167 |
$6,212,282
$1,292,633 |
$9,392,252 |
| 16 |
$17,741,997 |
$6,524,869
$1,357,263 |
$9,859,865 |
| 17 |
$18,628,785 |
$6,852,981
$1,425,102 |
$10,350,702 |
| 18 |
$19,560,366 |
$7,197,666
$1,496,368 |
$10,866,332 |
| 19 |
$20,538,441 |
$7,559,554
$1,571,191 |
$11,407,696 |
| 20 |
$21,565,278 |
$7,939,483
$1,649,744 |
$11,976,051 |
| 21 |
$22,643,712 |
$8,338,504
$1,732,244 |
$12,572,964 |
| 22 |
$23,776,011 |
$8,757,454
$1,818,865 |
$13,199,692 |
| 23 |
$24,964,443 |
$9,197,174
$1,909,780 |
$13,857,489 |
| 24 |
$26,212,977 |
$9,659,132
$2,005,293 |
$14,548,552 |
| 25 |
$27,523,314 |
$10,143,957
$2,105,534 |
$15,273,823 |
| 26 |
$28,899,990 |
$10,653,327
$2,210,849 |
$16,035,814 |
| 27 |
$30,344,706 |
$11,187,872
$2,321,370 |
$16,835,464 |
| 28 |
$31,861,998 |
$11,749,270
$2,437,443 |
$17,675,285 |
| 29 |
$33,455,268 |
$12,338,780
$2,559,328 |
$18,557,160 |
| 30 |
$35,127,918 |
$12,957,660
$2,687,286 |
$19,482,972 |
|
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