The jackpot for the Powerball draw on Sat May 16, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 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 16, 2026 |
|---|
| Draw Date | Sat May 16, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(7.65%) | $2,968,200 | | Net Lumpsum Payment | $21,515,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$99,021 |
$756,112 |
| 2 |
$1,359,144 |
$463,214
$103,975 |
$791,955 |
| 3 |
$1,427,084 |
$488,351
$109,172 |
$829,561 |
| 4 |
$1,498,464 |
$514,762
$114,632 |
$869,070 |
| 5 |
$1,573,370 |
$542,477
$120,363 |
$910,530 |
| 6 |
$1,652,060 |
$571,593
$126,383 |
$954,084 |
| 7 |
$1,734,620 |
$602,140
$132,698 |
$999,782 |
| 8 |
$1,821,394 |
$634,246
$139,337 |
$1,047,811 |
| 9 |
$1,912,468 |
$667,944
$146,304 |
$1,098,220 |
| 10 |
$2,008,100 |
$703,327
$153,620 |
$1,151,153 |
| 11 |
$2,108,462 |
$740,461
$161,297 |
$1,206,704 |
| 12 |
$2,213,898 |
$779,473
$169,363 |
$1,265,062 |
| 13 |
$2,324,580 |
$820,425
$177,830 |
$1,326,325 |
| 14 |
$2,440,852 |
$863,446
$186,725 |
$1,390,681 |
| 15 |
$2,562,886 |
$908,598
$196,061 |
$1,458,227 |
| 16 |
$2,691,026 |
$956,010
$205,863 |
$1,529,153 |
| 17 |
$2,825,530 |
$1,005,776
$216,153 |
$1,603,601 |
| 18 |
$2,966,828 |
$1,058,057
$226,962 |
$1,681,809 |
| 19 |
$3,115,178 |
$1,112,946
$238,311 |
$1,763,921 |
| 20 |
$3,270,924 |
$1,170,572
$250,226 |
$1,850,126 |
| 21 |
$3,434,496 |
$1,231,094
$262,739 |
$1,940,663 |
| 22 |
$3,606,238 |
$1,294,638
$275,877 |
$2,035,723 |
| 23 |
$3,786,494 |
$1,361,333
$289,667 |
$2,135,494 |
| 24 |
$3,975,866 |
$1,431,401
$304,154 |
$2,240,311 |
| 25 |
$4,174,612 |
$1,504,937
$319,358 |
$2,350,317 |
| 26 |
$4,383,420 |
$1,582,196
$335,332 |
$2,465,892 |
| 27 |
$4,602,548 |
$1,663,273
$352,095 |
$2,587,180 |
| 28 |
$4,832,684 |
$1,748,423
$369,700 |
$2,714,561 |
| 29 |
$5,074,344 |
$1,837,838
$388,187 |
$2,848,319 |
| 30 |
$5,328,044 |
$1,931,707
$407,595 |
$2,988,742 |
|
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