The jackpot for the Powerball draw on Wed Jul 1, 2026, is projected to be $375 Million, with an option for a cash payout of $170.6 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 Wed Jul 1, 2026 |
|---|
| Draw Date | Wed Jul 1, 2026 | | Projected Jackpot | $375,000,000 | | Cash Value | $170,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,600,000 | | Federal Tax(24%) | $40,944,000 | | Additional Federal Tax | $22,138,330 | | State Tax(7.65%) | $13,050,900 | | Net Lumpsum Payment | $94,466,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,644,125 |
$2,048,657
$431,776 |
$3,163,692 |
| 2 |
$5,926,500 |
$2,153,135
$453,377 |
$3,319,988 |
| 3 |
$6,222,750 |
$2,262,748
$476,040 |
$3,483,962 |
| 4 |
$6,534,000 |
$2,377,910
$499,851 |
$3,656,239 |
| 5 |
$6,860,625 |
$2,498,762
$524,838 |
$3,837,025 |
| 6 |
$7,203,750 |
$2,625,718
$551,087 |
$4,026,945 |
| 7 |
$7,563,750 |
$2,758,918
$578,627 |
$4,226,205 |
| 8 |
$7,942,125 |
$2,898,917
$607,573 |
$4,435,635 |
| 9 |
$8,339,250 |
$3,045,853
$637,953 |
$4,655,444 |
| 10 |
$8,756,250 |
$3,200,143
$669,853 |
$4,886,254 |
| 11 |
$9,193,875 |
$3,362,064
$703,331 |
$5,128,480 |
| 12 |
$9,653,625 |
$3,532,172
$738,502 |
$5,382,951 |
| 13 |
$10,136,250 |
$3,710,743
$775,423 |
$5,650,084 |
| 14 |
$10,643,250 |
$3,898,333
$814,209 |
$5,930,708 |
| 15 |
$11,175,375 |
$4,095,219
$854,916 |
$6,225,240 |
| 16 |
$11,734,125 |
$4,301,957
$897,661 |
$6,534,507 |
| 17 |
$12,320,625 |
$4,518,962
$942,528 |
$6,859,135 |
| 18 |
$12,936,750 |
$4,746,928
$989,661 |
$7,200,161 |
| 19 |
$13,583,625 |
$4,986,272
$1,039,147 |
$7,558,206 |
| 20 |
$14,262,750 |
$5,237,548
$1,091,100 |
$7,934,102 |
| 21 |
$14,976,000 |
$5,501,450
$1,145,664 |
$8,328,886 |
| 22 |
$15,724,875 |
$5,778,534
$1,202,953 |
$8,743,388 |
| 23 |
$16,510,875 |
$6,069,354
$1,263,082 |
$9,178,439 |
| 24 |
$17,336,625 |
$6,374,882
$1,326,252 |
$9,635,491 |
| 25 |
$18,203,250 |
$6,695,533
$1,392,549 |
$10,115,168 |
| 26 |
$19,113,750 |
$7,032,418
$1,462,202 |
$10,619,130 |
| 27 |
$20,069,250 |
$7,385,953
$1,535,298 |
$11,147,999 |
| 28 |
$21,072,750 |
$7,757,248
$1,612,065 |
$11,703,437 |
| 29 |
$22,126,500 |
$8,147,135
$1,692,677 |
$12,286,688 |
| 30 |
$23,232,750 |
$8,556,448
$1,777,305 |
$12,898,997 |
|
|
