The jackpot for the Powerball draw on Sat Mar 21, 2026, is projected to be $120 Million, with an option for a cash payout of $54.6 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 Sat Mar 21, 2026 |
|---|
| Draw Date | Sat Mar 21, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $54,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $54,600,000 | | Federal Tax(24%) | $13,104,000 | | Additional Federal Tax | $7,058,330 | | State Tax(7.65%) | $4,176,900 | | Net Lumpsum Payment | $30,260,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$138,168 |
$1,039,357 |
| 2 |
$1,896,480 |
$662,028
$145,081 |
$1,089,371 |
| 3 |
$1,991,280 |
$697,104
$152,333 |
$1,141,843 |
| 4 |
$2,090,880 |
$733,956
$159,952 |
$1,196,972 |
| 5 |
$2,195,400 |
$772,628
$167,948 |
$1,254,824 |
| 6 |
$2,305,200 |
$813,254
$176,348 |
$1,315,598 |
| 7 |
$2,420,400 |
$855,878
$185,161 |
$1,379,361 |
| 8 |
$2,541,480 |
$900,678
$194,423 |
$1,446,379 |
| 9 |
$2,668,560 |
$947,698
$204,145 |
$1,516,717 |
| 10 |
$2,802,000 |
$997,070
$214,353 |
$1,590,577 |
| 11 |
$2,942,040 |
$1,048,885
$225,066 |
$1,668,089 |
| 12 |
$3,089,160 |
$1,103,320
$236,321 |
$1,749,519 |
| 13 |
$3,243,600 |
$1,160,462
$248,135 |
$1,835,003 |
| 14 |
$3,405,840 |
$1,220,491
$260,547 |
$1,924,802 |
| 15 |
$3,576,120 |
$1,283,495
$273,573 |
$2,019,052 |
| 16 |
$3,754,920 |
$1,349,651
$287,251 |
$2,118,018 |
| 17 |
$3,942,600 |
$1,419,092
$301,609 |
$2,221,899 |
| 18 |
$4,139,760 |
$1,492,042
$316,692 |
$2,331,026 |
| 19 |
$4,346,760 |
$1,568,632
$332,527 |
$2,445,601 |
| 20 |
$4,564,080 |
$1,649,040
$349,152 |
$2,565,888 |
| 21 |
$4,792,320 |
$1,733,489
$366,612 |
$2,692,219 |
| 22 |
$5,031,960 |
$1,822,156
$384,945 |
$2,824,859 |
| 23 |
$5,283,480 |
$1,915,218
$404,186 |
$2,964,076 |
| 24 |
$5,547,720 |
$2,012,987
$424,401 |
$3,110,332 |
| 25 |
$5,825,040 |
$2,115,595
$445,616 |
$3,263,829 |
| 26 |
$6,116,400 |
$2,223,398
$467,905 |
$3,425,097 |
| 27 |
$6,422,160 |
$2,336,530
$491,295 |
$3,594,335 |
| 28 |
$6,743,280 |
$2,455,344
$515,861 |
$3,772,075 |
| 29 |
$7,080,480 |
$2,580,108
$541,657 |
$3,958,715 |
| 30 |
$7,434,480 |
$2,711,088
$568,738 |
$4,154,654 |
|
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