The jackpot for the Powerball draw on Wed Aug 12, 2026, is projected to be $975 Million, with an option for a cash payout of $422.3 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 Aug 12, 2026 |
|---|
| Draw Date | Wed Aug 12, 2026 | | Projected Jackpot | $975,000,000 | | Cash Value | $422,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $422,300,000 | | Federal Tax(24%) | $101,352,000 | | Additional Federal Tax | $54,859,330 | | State Tax(7.65%) | $32,305,950 | | Net Lumpsum Payment | $233,782,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,674,725 |
$5,389,979
$1,122,616 |
$8,162,130 |
| 2 |
$15,408,900 |
$5,661,623
$1,178,781 |
$8,568,496 |
| 3 |
$16,179,150 |
$5,946,616
$1,237,705 |
$8,994,829 |
| 4 |
$16,988,400 |
$6,246,038
$1,299,613 |
$9,442,749 |
| 5 |
$17,837,625 |
$6,560,252
$1,364,578 |
$9,912,795 |
| 6 |
$18,729,750 |
$6,890,338
$1,432,826 |
$10,406,586 |
| 7 |
$19,665,750 |
$7,236,658
$1,504,430 |
$10,924,662 |
| 8 |
$20,649,525 |
$7,600,655
$1,579,689 |
$11,469,181 |
| 9 |
$21,682,050 |
$7,982,689
$1,658,677 |
$12,040,684 |
| 10 |
$22,766,250 |
$8,383,843
$1,741,618 |
$12,640,789 |
| 11 |
$23,904,075 |
$8,804,838
$1,828,662 |
$13,270,575 |
| 12 |
$25,099,425 |
$9,247,118
$1,920,106 |
$13,932,201 |
| 13 |
$26,354,250 |
$9,711,403
$2,016,100 |
$14,626,747 |
| 14 |
$27,672,450 |
$10,199,137
$2,116,942 |
$15,356,371 |
| 15 |
$29,055,975 |
$10,711,041
$2,222,782 |
$16,122,152 |
| 16 |
$30,508,725 |
$11,248,559
$2,333,917 |
$16,926,249 |
| 17 |
$32,033,625 |
$11,812,772
$2,450,572 |
$17,770,281 |
| 18 |
$33,635,550 |
$12,405,484
$2,573,120 |
$18,656,946 |
| 19 |
$35,317,425 |
$13,027,778
$2,701,783 |
$19,587,864 |
| 20 |
$37,083,150 |
$13,681,096
$2,836,861 |
$20,565,193 |
| 21 |
$38,937,600 |
$14,367,242
$2,978,726 |
$21,591,632 |
| 22 |
$40,884,675 |
$15,087,660
$3,127,678 |
$22,669,337 |
| 23 |
$42,928,275 |
$15,843,792
$3,284,013 |
$23,800,470 |
| 24 |
$45,075,225 |
$16,638,164
$3,448,255 |
$24,988,806 |
| 25 |
$47,328,450 |
$17,471,857
$3,620,626 |
$26,235,967 |
| 26 |
$49,695,750 |
$18,347,758
$3,801,725 |
$27,546,267 |
| 27 |
$52,180,050 |
$19,266,949
$3,991,774 |
$28,921,327 |
| 28 |
$54,789,150 |
$20,232,316
$4,191,370 |
$30,365,464 |
| 29 |
$57,528,900 |
$21,246,023
$4,400,961 |
$31,881,916 |
| 30 |
$60,405,150 |
$22,310,236
$4,620,994 |
$33,473,920 |
|
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