The jackpot for the Powerball draw on Wed Mar 12, 2025, is projected to be $353 Million, with an option for a cash payout of $165.7 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 Mar 12, 2025 |
|---|
| Draw Date | Wed Mar 12, 2025 | | Projected Jackpot | $353,000,000 | | Cash Value | $165,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,700,000 | | Federal Tax(24%) | $39,768,000 | | Additional Federal Tax | $21,501,330 | | State Tax(7.65%) | $12,676,050 | | Net Lumpsum Payment | $91,754,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,313,003 |
$1,926,141
$406,445 |
$2,980,417 |
| 2 |
$5,578,812 |
$2,024,491
$426,779 |
$3,127,542 |
| 3 |
$5,857,682 |
$2,127,673
$448,113 |
$3,281,896 |
| 4 |
$6,150,672 |
$2,236,079
$470,526 |
$3,444,067 |
| 5 |
$6,458,135 |
$2,349,840
$494,047 |
$3,614,248 |
| 6 |
$6,781,130 |
$2,469,348
$518,756 |
$3,793,026 |
| 7 |
$7,120,010 |
$2,594,734
$544,681 |
$3,980,595 |
| 8 |
$7,476,187 |
$2,726,520
$571,928 |
$4,177,739 |
| 9 |
$7,850,014 |
$2,864,836
$600,526 |
$4,384,652 |
| 10 |
$8,242,550 |
$3,010,074
$630,555 |
$4,601,921 |
| 11 |
$8,654,501 |
$3,162,496
$662,069 |
$4,829,936 |
| 12 |
$9,087,279 |
$3,322,624
$695,177 |
$5,069,478 |
| 13 |
$9,541,590 |
$3,490,719
$729,932 |
$5,320,939 |
| 14 |
$10,018,846 |
$3,667,303
$766,442 |
$5,585,101 |
| 15 |
$10,519,753 |
$3,852,639
$804,761 |
$5,862,353 |
| 16 |
$11,045,723 |
$4,047,248
$844,998 |
$6,153,477 |
| 17 |
$11,597,815 |
$4,251,522
$887,233 |
$6,459,060 |
| 18 |
$12,177,794 |
$4,466,114
$931,601 |
$6,780,079 |
| 19 |
$12,786,719 |
$4,691,416
$978,184 |
$7,117,119 |
| 20 |
$13,426,002 |
$4,927,951
$1,027,089 |
$7,470,962 |
| 21 |
$14,097,408 |
$5,176,371
$1,078,452 |
$7,842,585 |
| 22 |
$14,802,349 |
$5,437,200
$1,132,380 |
$8,232,769 |
| 23 |
$15,542,237 |
$5,710,958
$1,188,981 |
$8,642,298 |
| 24 |
$16,319,543 |
$5,998,561
$1,248,445 |
$9,072,537 |
| 25 |
$17,135,326 |
$6,300,401
$1,310,852 |
$9,524,073 |
| 26 |
$17,992,410 |
$6,617,522
$1,376,419 |
$9,998,469 |
| 27 |
$18,891,854 |
$6,950,316
$1,445,227 |
$10,496,311 |
| 28 |
$19,836,482 |
$7,299,829
$1,517,491 |
$11,019,162 |
| 29 |
$20,828,412 |
$7,666,843
$1,593,374 |
$11,568,195 |
| 30 |
$21,869,762 |
$8,052,142
$1,673,037 |
$12,144,583 |
|
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