The jackpot for the Powerball draw on Sat Nov 30, 2024, is projected to be $214 Million, with an option for a cash payout of $99 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 30, 2024 |
|---|
| Draw Date | Sat Nov 30, 2024 | | Projected Jackpot | $214,000,000 | | Cash Value | $99,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $99,000,000 | | Federal Tax(24%) | $23,760,000 | | Additional Federal Tax | $12,830,330 | | State Tax(7.65%) | $7,573,500 | | Net Lumpsum Payment | $54,836,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,220,914 |
$1,152,069
$246,400 |
$1,822,445 |
| 2 |
$3,382,056 |
$1,211,691
$258,727 |
$1,911,638 |
| 3 |
$3,551,116 |
$1,274,243
$271,660 |
$2,005,213 |
| 4 |
$3,728,736 |
$1,339,963
$285,248 |
$2,103,525 |
| 5 |
$3,915,130 |
$1,408,928
$299,507 |
$2,206,695 |
| 6 |
$4,110,940 |
$1,481,378
$314,487 |
$2,315,075 |
| 7 |
$4,316,380 |
$1,557,391
$330,203 |
$2,428,786 |
| 8 |
$4,532,306 |
$1,637,284
$346,721 |
$2,548,301 |
| 9 |
$4,758,932 |
$1,721,135
$364,058 |
$2,673,739 |
| 10 |
$4,996,900 |
$1,809,183
$382,263 |
$2,805,454 |
| 11 |
$5,246,638 |
$1,901,586
$401,368 |
$2,943,684 |
| 12 |
$5,509,002 |
$1,998,661
$421,439 |
$3,088,902 |
| 13 |
$5,784,420 |
$2,100,566
$442,508 |
$3,241,346 |
| 14 |
$6,073,748 |
$2,207,617
$464,642 |
$3,401,489 |
| 15 |
$6,377,414 |
$2,319,974
$487,872 |
$3,569,568 |
| 16 |
$6,696,274 |
$2,437,952
$512,265 |
$3,746,057 |
| 17 |
$7,030,970 |
$2,561,789
$537,869 |
$3,931,312 |
| 18 |
$7,382,572 |
$2,691,882
$564,767 |
$4,125,923 |
| 19 |
$7,751,722 |
$2,828,468
$593,007 |
$4,330,247 |
| 20 |
$8,139,276 |
$2,971,863
$622,655 |
$4,544,758 |
| 21 |
$8,546,304 |
$3,122,463
$653,792 |
$4,770,049 |
| 22 |
$8,973,662 |
$3,280,585
$686,485 |
$5,006,592 |
| 23 |
$9,422,206 |
$3,446,547
$720,799 |
$5,254,860 |
| 24 |
$9,893,434 |
$3,620,901
$756,848 |
$5,515,685 |
| 25 |
$10,387,988 |
$3,803,886
$794,681 |
$5,789,421 |
| 26 |
$10,907,580 |
$3,996,135
$834,430 |
$6,077,015 |
| 27 |
$11,452,852 |
$4,197,886
$876,143 |
$6,378,823 |
| 28 |
$12,025,516 |
$4,409,771
$919,952 |
$6,695,793 |
| 29 |
$12,626,856 |
$4,632,267
$965,954 |
$7,028,635 |
| 30 |
$13,258,156 |
$4,865,848
$1,014,249 |
$7,378,059 |
|
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