The jackpot for the Powerball draw on Wed Jul 23, 2025, is projected to be $325 Million, with an option for a cash payout of $145.3 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 Jul 23, 2025 |
|---|
| Draw Date | Wed Jul 23, 2025 | | Projected Jackpot | $325,000,000 | | Cash Value | $145,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,300,000 | | Federal Tax(24%) | $34,872,000 | | Additional Federal Tax | $18,849,330 | | State Tax(7.65%) | $11,115,450 | | Net Lumpsum Payment | $80,463,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,891,575 |
$1,770,213
$374,205 |
$2,747,157 |
| 2 |
$5,136,300 |
$1,860,761
$392,927 |
$2,882,612 |
| 3 |
$5,393,050 |
$1,955,759
$412,568 |
$3,024,723 |
| 4 |
$5,662,800 |
$2,055,566
$433,204 |
$3,174,030 |
| 5 |
$5,945,875 |
$2,160,304
$454,859 |
$3,330,712 |
| 6 |
$6,243,250 |
$2,270,333
$477,609 |
$3,495,308 |
| 7 |
$6,555,250 |
$2,385,773
$501,477 |
$3,668,000 |
| 8 |
$6,883,175 |
$2,507,105
$526,563 |
$3,849,507 |
| 9 |
$7,227,350 |
$2,634,450
$552,892 |
$4,040,008 |
| 10 |
$7,588,750 |
$2,768,168
$580,539 |
$4,240,043 |
| 11 |
$7,968,025 |
$2,908,500
$609,554 |
$4,449,971 |
| 12 |
$8,366,475 |
$3,055,926
$640,035 |
$4,670,514 |
| 13 |
$8,784,750 |
$3,210,688
$672,033 |
$4,902,029 |
| 14 |
$9,224,150 |
$3,373,266
$705,647 |
$5,145,237 |
| 15 |
$9,685,325 |
$3,543,901
$740,927 |
$5,400,497 |
| 16 |
$10,169,575 |
$3,723,073
$777,972 |
$5,668,530 |
| 17 |
$10,677,875 |
$3,911,144
$816,857 |
$5,949,874 |
| 18 |
$11,211,850 |
$4,108,715
$857,707 |
$6,245,428 |
| 19 |
$11,772,475 |
$4,316,146
$900,594 |
$6,555,735 |
| 20 |
$12,361,050 |
$4,533,919
$945,620 |
$6,881,511 |
| 21 |
$12,979,200 |
$4,762,634
$992,909 |
$7,223,657 |
| 22 |
$13,628,225 |
$5,002,774
$1,042,559 |
$7,582,892 |
| 23 |
$14,309,425 |
$5,254,818
$1,094,671 |
$7,959,936 |
| 24 |
$15,025,075 |
$5,519,608
$1,149,418 |
$8,356,049 |
| 25 |
$15,776,150 |
$5,797,506
$1,206,875 |
$8,771,769 |
| 26 |
$16,565,250 |
$6,089,473
$1,267,242 |
$9,208,535 |
| 27 |
$17,393,350 |
$6,395,870
$1,330,591 |
$9,666,889 |
| 28 |
$18,263,050 |
$6,717,659
$1,397,123 |
$10,148,268 |
| 29 |
$19,176,300 |
$7,055,561
$1,466,987 |
$10,653,752 |
| 30 |
$20,135,050 |
$7,410,299
$1,540,331 |
$11,184,420 |
|
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