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 |
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Draw Date | Wed Jul 23, 2025 | Projected Jackpot | $325,000,000 | Cash Value | $145,300,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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