The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(7.65%) | $13,785,300 | | Net Lumpsum Payment | $99,780,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$455,955 |
$3,338,638 |
| 2 |
$6,258,384 |
$2,275,932
$478,766 |
$3,503,686 |
| 3 |
$6,571,224 |
$2,391,683
$502,699 |
$3,676,842 |
| 4 |
$6,899,904 |
$2,513,295
$527,843 |
$3,858,766 |
| 5 |
$7,244,820 |
$2,640,914
$554,229 |
$4,049,677 |
| 6 |
$7,607,160 |
$2,774,980
$581,948 |
$4,250,232 |
| 7 |
$7,987,320 |
$2,915,639
$611,030 |
$4,460,651 |
| 8 |
$8,386,884 |
$3,063,477
$641,597 |
$4,681,810 |
| 9 |
$8,806,248 |
$3,218,642
$673,678 |
$4,913,928 |
| 10 |
$9,246,600 |
$3,381,572
$707,365 |
$5,157,663 |
| 11 |
$9,708,732 |
$3,552,561
$742,718 |
$5,413,453 |
| 12 |
$10,194,228 |
$3,732,195
$779,858 |
$5,682,175 |
| 13 |
$10,703,880 |
$3,920,766
$818,847 |
$5,964,267 |
| 14 |
$11,239,272 |
$4,118,861
$859,804 |
$6,260,607 |
| 15 |
$11,801,196 |
$4,326,773
$902,791 |
$6,571,632 |
| 16 |
$12,391,236 |
$4,545,088
$947,930 |
$6,898,218 |
| 17 |
$13,010,580 |
$4,774,245
$995,309 |
$7,241,026 |
| 18 |
$13,661,208 |
$5,014,977
$1,045,082 |
$7,601,149 |
| 19 |
$14,344,308 |
$5,267,724
$1,097,340 |
$7,979,244 |
| 20 |
$15,061,464 |
$5,533,072
$1,152,202 |
$8,376,190 |
| 21 |
$15,814,656 |
$5,811,753
$1,209,821 |
$8,793,082 |
| 22 |
$16,605,468 |
$6,104,354
$1,270,318 |
$9,230,796 |
| 23 |
$17,435,484 |
$6,411,459
$1,333,815 |
$9,690,210 |
| 24 |
$18,307,476 |
$6,734,097
$1,400,522 |
$10,172,857 |
| 25 |
$19,222,632 |
$7,072,704
$1,470,531 |
$10,679,397 |
| 26 |
$20,184,120 |
$7,428,455
$1,544,085 |
$11,211,580 |
| 27 |
$21,193,128 |
$7,801,788
$1,621,274 |
$11,770,066 |
| 28 |
$22,252,824 |
$8,193,875
$1,702,341 |
$12,356,608 |
| 29 |
$23,365,584 |
$8,605,596
$1,787,467 |
$12,972,521 |
| 30 |
$24,533,784 |
$9,037,830
$1,876,834 |
$13,619,120 |
|
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