The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Mon Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(7.65%) | $4,406,400 | | Net Lumpsum Payment | $31,921,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$147,379 |
$1,106,003 |
| 2 |
$2,022,912 |
$708,808
$154,753 |
$1,159,351 |
| 3 |
$2,124,032 |
$746,222
$162,488 |
$1,215,322 |
| 4 |
$2,230,272 |
$785,531
$170,616 |
$1,274,125 |
| 5 |
$2,341,760 |
$826,782
$179,145 |
$1,335,833 |
| 6 |
$2,458,880 |
$870,116
$188,104 |
$1,400,660 |
| 7 |
$2,581,760 |
$915,582
$197,505 |
$1,468,673 |
| 8 |
$2,710,912 |
$963,368
$207,385 |
$1,540,159 |
| 9 |
$2,846,464 |
$1,013,522
$217,754 |
$1,615,188 |
| 10 |
$2,988,800 |
$1,066,186
$228,643 |
$1,693,971 |
| 11 |
$3,138,176 |
$1,121,456
$240,070 |
$1,776,650 |
| 12 |
$3,295,104 |
$1,179,519
$252,075 |
$1,863,510 |
| 13 |
$3,459,840 |
$1,240,471
$264,678 |
$1,954,691 |
| 14 |
$3,632,896 |
$1,304,502
$277,917 |
$2,050,477 |
| 15 |
$3,814,528 |
$1,371,706
$291,811 |
$2,151,011 |
| 16 |
$4,005,248 |
$1,442,272
$306,401 |
$2,256,575 |
| 17 |
$4,205,440 |
$1,516,343
$321,716 |
$2,367,381 |
| 18 |
$4,415,744 |
$1,594,156
$337,804 |
$2,483,784 |
| 19 |
$4,636,544 |
$1,675,852
$354,696 |
$2,605,996 |
| 20 |
$4,868,352 |
$1,761,621
$372,429 |
$2,734,302 |
| 21 |
$5,111,808 |
$1,851,699
$391,053 |
$2,869,056 |
| 22 |
$5,367,424 |
$1,946,277
$410,608 |
$3,010,539 |
| 23 |
$5,635,712 |
$2,045,544
$431,132 |
$3,159,036 |
| 24 |
$5,917,568 |
$2,149,831
$452,694 |
$3,315,043 |
| 25 |
$6,213,376 |
$2,259,280
$475,323 |
$3,478,773 |
| 26 |
$6,524,160 |
$2,374,270
$499,098 |
$3,650,792 |
| 27 |
$6,850,304 |
$2,494,943
$524,048 |
$3,831,313 |
| 28 |
$7,192,832 |
$2,621,678
$550,252 |
$4,020,902 |
| 29 |
$7,552,512 |
$2,754,760
$577,767 |
$4,219,985 |
| 30 |
$7,930,112 |
$2,894,472
$606,654 |
$4,428,986 |
|
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