The jackpot for the Powerball draw on Sat Oct 31, 2026, is projected to be $760 Million, with an option for a cash payout of $326 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 Oct 31, 2026 |
|---|
| Draw Date | Sat Oct 31, 2026 | | Projected Jackpot | $760,000,000 | | Cash Value | $326,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $326,000,000 | | Federal Tax(24%) | $78,240,000 | | Additional Federal Tax | $42,340,330 | | State Tax(7.65%) | $24,939,000 | | Net Lumpsum Payment | $180,480,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,438,760 |
$4,192,672
$875,065 |
$6,371,023 |
| 2 |
$12,011,040 |
$4,404,415
$918,845 |
$6,687,780 |
| 3 |
$12,611,440 |
$4,626,563
$964,775 |
$7,020,102 |
| 4 |
$13,242,240 |
$4,859,959
$1,013,031 |
$7,369,250 |
| 5 |
$13,904,200 |
$5,104,884
$1,063,671 |
$7,735,645 |
| 6 |
$14,599,600 |
$5,362,182
$1,116,869 |
$8,120,549 |
| 7 |
$15,329,200 |
$5,632,134
$1,172,684 |
$8,524,382 |
| 8 |
$16,096,040 |
$5,915,865
$1,231,347 |
$8,948,828 |
| 9 |
$16,900,880 |
$6,213,656
$1,292,917 |
$9,394,307 |
| 10 |
$17,746,000 |
$6,526,350
$1,357,569 |
$9,862,081 |
| 11 |
$18,632,920 |
$6,854,511
$1,425,418 |
$10,352,991 |
| 12 |
$19,564,680 |
$7,199,262
$1,496,698 |
$10,868,720 |
| 13 |
$20,542,800 |
$7,561,166
$1,571,524 |
$11,410,110 |
| 14 |
$21,570,320 |
$7,941,349
$1,650,129 |
$11,978,842 |
| 15 |
$22,648,760 |
$8,340,372
$1,732,630 |
$12,575,758 |
| 16 |
$23,781,160 |
$8,759,360
$1,819,259 |
$13,202,541 |
| 17 |
$24,969,800 |
$9,199,156
$1,910,190 |
$13,860,454 |
| 18 |
$26,218,480 |
$9,661,168
$2,005,714 |
$14,551,598 |
| 19 |
$27,529,480 |
$10,146,238
$2,106,005 |
$15,277,237 |
| 20 |
$28,905,840 |
$10,655,491
$2,211,297 |
$16,039,052 |
| 21 |
$30,351,360 |
$11,190,334
$2,321,879 |
$16,839,147 |
| 22 |
$31,869,080 |
$11,751,890
$2,437,985 |
$17,679,205 |
| 23 |
$33,462,040 |
$12,341,285
$2,559,846 |
$18,560,909 |
| 24 |
$35,135,560 |
$12,960,488
$2,687,870 |
$19,487,202 |
| 25 |
$36,891,920 |
$13,610,341
$2,822,232 |
$20,459,347 |
| 26 |
$38,737,200 |
$14,293,094
$2,963,396 |
$21,480,710 |
| 27 |
$40,673,680 |
$15,009,592
$3,111,537 |
$22,552,551 |
| 28 |
$42,707,440 |
$15,762,083
$3,267,119 |
$23,678,238 |
| 29 |
$44,843,040 |
$16,552,255
$3,430,493 |
$24,860,292 |
| 30 |
$47,085,040 |
$17,381,795
$3,602,006 |
$26,101,239 |
|
|
