The jackpot for the Powerball draw on Mon Jun 2, 2025, is projected to be $20 Million, with an option for a cash payout of $9 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 Jun 2, 2025 |
|---|
| Draw Date | Mon Jun 2, 2025 | | Projected Jackpot | $20,000,000 | | Cash Value | $9,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $9,000,000 | | Federal Tax(24%) | $2,160,000 | | Additional Federal Tax | $1,130,330 | | State Tax(7.65%) | $688,500 | | Net Lumpsum Payment | $5,021,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$301,020 |
$71,708
$23,028 |
$206,284 |
| 2 |
$316,080 |
$77,280
$24,180 |
$214,620 |
| 3 |
$331,880 |
$83,126
$25,389 |
$223,365 |
| 4 |
$348,480 |
$89,268
$26,659 |
$232,553 |
| 5 |
$365,900 |
$95,713
$27,991 |
$242,196 |
| 6 |
$384,200 |
$102,484
$29,391 |
$252,325 |
| 7 |
$403,400 |
$109,588
$30,860 |
$262,952 |
| 8 |
$423,580 |
$117,055
$32,404 |
$274,121 |
| 9 |
$444,760 |
$124,892
$34,024 |
$285,844 |
| 10 |
$467,000 |
$133,120
$35,726 |
$298,154 |
| 11 |
$490,340 |
$141,756
$37,511 |
$311,073 |
| 12 |
$514,860 |
$150,829
$39,387 |
$324,644 |
| 13 |
$540,600 |
$160,352
$41,356 |
$338,892 |
| 14 |
$567,640 |
$170,357
$43,424 |
$353,859 |
| 15 |
$596,020 |
$180,858
$45,596 |
$369,566 |
| 16 |
$625,820 |
$191,884
$47,875 |
$386,061 |
| 17 |
$657,100 |
$203,457
$50,268 |
$403,375 |
| 18 |
$689,960 |
$215,616
$52,782 |
$421,562 |
| 19 |
$724,460 |
$228,381
$55,421 |
$440,658 |
| 20 |
$760,680 |
$241,782
$58,192 |
$460,706 |
| 21 |
$798,720 |
$255,857
$61,102 |
$481,761 |
| 22 |
$838,660 |
$270,635
$64,157 |
$503,868 |
| 23 |
$880,580 |
$286,145
$67,364 |
$527,071 |
| 24 |
$924,620 |
$302,440
$70,733 |
$551,447 |
| 25 |
$970,840 |
$319,541
$74,269 |
$577,030 |
| 26 |
$1,019,400 |
$337,508
$77,984 |
$603,908 |
| 27 |
$1,070,360 |
$356,364
$81,883 |
$632,113 |
| 28 |
$1,123,880 |
$376,166
$85,977 |
$661,737 |
| 29 |
$1,180,080 |
$396,960
$90,276 |
$692,844 |
| 30 |
$1,239,080 |
$418,790
$94,790 |
$725,500 |
|
|
