The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 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 Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(7.65%) | $4,482,900 | | Net Lumpsum Payment | $32,474,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$150,834 |
$1,130,995 |
| 2 |
$2,070,324 |
$726,350
$158,380 |
$1,185,594 |
| 3 |
$2,173,814 |
$764,642
$166,297 |
$1,242,875 |
| 4 |
$2,282,544 |
$804,872
$174,615 |
$1,303,057 |
| 5 |
$2,396,645 |
$847,089
$183,343 |
$1,366,213 |
| 6 |
$2,516,510 |
$891,439
$192,513 |
$1,432,558 |
| 7 |
$2,642,270 |
$937,970
$202,134 |
$1,502,166 |
| 8 |
$2,774,449 |
$986,877
$212,245 |
$1,575,327 |
| 9 |
$2,913,178 |
$1,038,206
$222,858 |
$1,652,114 |
| 10 |
$3,058,850 |
$1,092,105
$234,002 |
$1,732,743 |
| 11 |
$3,211,727 |
$1,148,669
$245,697 |
$1,817,361 |
| 12 |
$3,372,333 |
$1,208,094
$257,983 |
$1,906,256 |
| 13 |
$3,540,930 |
$1,270,474
$270,881 |
$1,999,575 |
| 14 |
$3,718,042 |
$1,336,006
$284,430 |
$2,097,606 |
| 15 |
$3,903,931 |
$1,404,785
$298,651 |
$2,200,495 |
| 16 |
$4,099,121 |
$1,477,005
$313,583 |
$2,308,533 |
| 17 |
$4,304,005 |
$1,552,812
$329,256 |
$2,421,937 |
| 18 |
$4,519,238 |
$1,632,448
$345,722 |
$2,541,068 |
| 19 |
$4,745,213 |
$1,716,059
$363,009 |
$2,666,145 |
| 20 |
$4,982,454 |
$1,803,838
$381,158 |
$2,797,458 |
| 21 |
$5,231,616 |
$1,896,028
$400,219 |
$2,935,369 |
| 22 |
$5,493,223 |
$1,992,823
$420,232 |
$3,080,168 |
| 23 |
$5,767,799 |
$2,094,416
$441,237 |
$3,232,146 |
| 24 |
$6,056,261 |
$2,201,147
$463,304 |
$3,391,810 |
| 25 |
$6,359,002 |
$2,313,161
$486,464 |
$3,559,377 |
| 26 |
$6,677,070 |
$2,430,846
$510,796 |
$3,735,428 |
| 27 |
$7,010,858 |
$2,554,348
$536,331 |
$3,920,179 |
| 28 |
$7,361,414 |
$2,684,054
$563,148 |
$4,114,212 |
| 29 |
$7,729,524 |
$2,820,254
$591,309 |
$4,317,961 |
| 30 |
$8,115,974 |
$2,963,241
$620,872 |
$4,531,861 |
|
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