The jackpot for the Powerball draw on Sat May 3, 2025, is projected to be $44 Million, with an option for a cash payout of $20.3 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 Sat May 3, 2025 |
|---|
| Draw Date | Sat May 3, 2025 | | Projected Jackpot | $44,000,000 | | Cash Value | $20,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,300,000 | | Federal Tax(24%) | $4,872,000 | | Additional Federal Tax | $2,599,330 | | State Tax(7.65%) | $1,552,950 | | Net Lumpsum Payment | $11,275,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$662,244 |
$205,361
$50,662 |
$406,221 |
| 2 |
$695,376 |
$217,620
$53,196 |
$424,560 |
| 3 |
$730,136 |
$230,481
$55,855 |
$443,800 |
| 4 |
$766,656 |
$243,993
$58,649 |
$464,014 |
| 5 |
$804,980 |
$258,173
$61,581 |
$485,226 |
| 6 |
$845,240 |
$273,069
$64,661 |
$507,510 |
| 7 |
$887,480 |
$288,698
$67,892 |
$530,890 |
| 8 |
$931,876 |
$305,125
$71,289 |
$555,462 |
| 9 |
$978,472 |
$322,365
$74,853 |
$581,254 |
| 10 |
$1,027,400 |
$340,468
$78,596 |
$608,336 |
| 11 |
$1,078,748 |
$359,467
$82,524 |
$636,757 |
| 12 |
$1,132,692 |
$379,426
$86,651 |
$666,615 |
| 13 |
$1,189,320 |
$400,379
$90,983 |
$697,958 |
| 14 |
$1,248,808 |
$422,389
$95,534 |
$730,885 |
| 15 |
$1,311,244 |
$445,491
$100,310 |
$765,443 |
| 16 |
$1,376,804 |
$469,748
$105,326 |
$801,730 |
| 17 |
$1,445,620 |
$495,210
$110,590 |
$839,820 |
| 18 |
$1,517,912 |
$521,958
$116,120 |
$879,834 |
| 19 |
$1,593,812 |
$550,041
$121,927 |
$921,844 |
| 20 |
$1,673,496 |
$579,524
$128,022 |
$965,950 |
| 21 |
$1,757,184 |
$610,488
$134,425 |
$1,012,271 |
| 22 |
$1,845,052 |
$643,000
$141,146 |
$1,060,906 |
| 23 |
$1,937,276 |
$677,123
$148,202 |
$1,111,951 |
| 24 |
$2,034,164 |
$712,971
$155,614 |
$1,165,579 |
| 25 |
$2,135,848 |
$750,594
$163,392 |
$1,221,862 |
| 26 |
$2,242,680 |
$790,122
$171,565 |
$1,280,993 |
| 27 |
$2,354,792 |
$831,603
$180,142 |
$1,343,047 |
| 28 |
$2,472,536 |
$875,169
$189,149 |
$1,408,218 |
| 29 |
$2,596,176 |
$920,916
$198,607 |
$1,476,653 |
| 30 |
$2,725,976 |
$968,942
$208,537 |
$1,548,497 |
|
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