The jackpot for the Powerball draw on Sat Jan 4, 2025, is projected to be $200 Million, with an option for a cash payout of $90.7 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 Sat Jan 4, 2025 |
|---|
| Draw Date | Sat Jan 4, 2025 | | Projected Jackpot | $200,000,000 | | Cash Value | $90,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,700,000 | | Federal Tax(24%) | $21,768,000 | | Additional Federal Tax | $11,751,330 | | State Tax(7.65%) | $6,938,550 | | Net Lumpsum Payment | $50,242,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,010,200 |
$1,074,104
$230,280 |
$1,705,816 |
| 2 |
$3,160,800 |
$1,129,826
$241,801 |
$1,789,173 |
| 3 |
$3,318,800 |
$1,188,286
$253,888 |
$1,876,626 |
| 4 |
$3,484,800 |
$1,249,706
$266,587 |
$1,968,507 |
| 5 |
$3,659,000 |
$1,314,160
$279,914 |
$2,064,926 |
| 6 |
$3,842,000 |
$1,381,870
$293,913 |
$2,166,217 |
| 7 |
$4,034,000 |
$1,452,910
$308,601 |
$2,272,489 |
| 8 |
$4,235,800 |
$1,527,576
$324,039 |
$2,384,185 |
| 9 |
$4,447,600 |
$1,605,942
$340,241 |
$2,501,417 |
| 10 |
$4,670,000 |
$1,688,230
$357,255 |
$2,624,515 |
| 11 |
$4,903,400 |
$1,774,588
$375,110 |
$2,753,702 |
| 12 |
$5,148,600 |
$1,865,312
$393,868 |
$2,889,420 |
| 13 |
$5,406,000 |
$1,960,550
$413,559 |
$3,031,891 |
| 14 |
$5,676,400 |
$2,060,598
$434,245 |
$3,181,557 |
| 15 |
$5,960,200 |
$2,165,604
$455,955 |
$3,338,641 |
| 16 |
$6,258,200 |
$2,275,864
$478,752 |
$3,503,584 |
| 17 |
$6,571,000 |
$2,391,600
$502,682 |
$3,676,718 |
| 18 |
$6,899,600 |
$2,513,182
$527,819 |
$3,858,599 |
| 19 |
$7,244,600 |
$2,640,832
$554,212 |
$4,049,556 |
| 20 |
$7,606,800 |
$2,774,846
$581,920 |
$4,250,034 |
| 21 |
$7,987,200 |
$2,915,594
$611,021 |
$4,460,585 |
| 22 |
$8,386,600 |
$3,063,372
$641,575 |
$4,681,653 |
| 23 |
$8,805,800 |
$3,218,476
$673,644 |
$4,913,680 |
| 24 |
$9,246,200 |
$3,381,424
$707,334 |
$5,157,442 |
| 25 |
$9,708,400 |
$3,552,438
$742,693 |
$5,413,269 |
| 26 |
$10,194,000 |
$3,732,110
$779,841 |
$5,682,049 |
| 27 |
$10,703,600 |
$3,920,662
$818,825 |
$5,964,113 |
| 28 |
$11,238,800 |
$4,118,686
$859,768 |
$6,260,346 |
| 29 |
$11,800,800 |
$4,326,626
$902,761 |
$6,571,413 |
| 30 |
$12,390,800 |
$4,544,926
$947,896 |
$6,897,978 |
|
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