The jackpot for the Powerball draw on Mon Jan 13, 2025, is projected to be $285 Million, with an option for a cash payout of $124.9 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 Mon Jan 13, 2025 |
|---|
| Draw Date | Mon Jan 13, 2025 | | Projected Jackpot | $285,000,000 | | Cash Value | $124,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,900,000 | | Federal Tax(24%) | $29,976,000 | | Additional Federal Tax | $16,197,330 | | State Tax(7.65%) | $9,554,850 | | Net Lumpsum Payment | $69,171,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,289,535 |
$1,547,458
$328,149 |
$2,413,928 |
| 2 |
$4,504,140 |
$1,626,862
$344,567 |
$2,532,711 |
| 3 |
$4,729,290 |
$1,710,168
$361,791 |
$2,657,331 |
| 4 |
$4,965,840 |
$1,797,691
$379,887 |
$2,788,262 |
| 5 |
$5,214,075 |
$1,889,538
$398,877 |
$2,925,660 |
| 6 |
$5,474,850 |
$1,986,025
$418,826 |
$3,069,999 |
| 7 |
$5,748,450 |
$2,087,257
$439,756 |
$3,221,437 |
| 8 |
$6,036,015 |
$2,193,656
$461,755 |
$3,380,604 |
| 9 |
$6,337,830 |
$2,305,327
$484,844 |
$3,547,659 |
| 10 |
$6,654,750 |
$2,422,588
$509,088 |
$3,723,074 |
| 11 |
$6,987,345 |
$2,545,648
$534,532 |
$3,907,165 |
| 12 |
$7,336,755 |
$2,674,930
$561,262 |
$4,100,563 |
| 13 |
$7,703,550 |
$2,810,644
$589,322 |
$4,303,584 |
| 14 |
$8,088,870 |
$2,953,212
$618,799 |
$4,516,859 |
| 15 |
$8,493,285 |
$3,102,846
$649,736 |
$4,740,703 |
| 16 |
$8,917,935 |
$3,259,966
$682,222 |
$4,975,747 |
| 17 |
$9,363,675 |
$3,424,890
$716,321 |
$5,222,464 |
| 18 |
$9,831,930 |
$3,598,144
$752,143 |
$5,481,643 |
| 19 |
$10,323,555 |
$3,780,046
$789,752 |
$5,753,757 |
| 20 |
$10,839,690 |
$3,971,016
$829,236 |
$6,039,438 |
| 21 |
$11,381,760 |
$4,171,582
$870,705 |
$6,339,473 |
| 22 |
$11,950,905 |
$4,382,165
$914,244 |
$6,654,496 |
| 23 |
$12,548,265 |
$4,603,188
$959,942 |
$6,985,135 |
| 24 |
$13,175,835 |
$4,835,389
$1,007,951 |
$7,332,495 |
| 25 |
$13,834,470 |
$5,079,084
$1,058,337 |
$7,697,049 |
| 26 |
$14,526,450 |
$5,335,117
$1,111,273 |
$8,080,060 |
| 27 |
$15,252,630 |
$5,603,803
$1,166,826 |
$8,482,001 |
| 28 |
$16,015,290 |
$5,885,988
$1,225,170 |
$8,904,132 |
| 29 |
$16,816,140 |
$6,182,302
$1,286,435 |
$9,347,403 |
| 30 |
$17,656,890 |
$6,493,380
$1,350,752 |
$9,812,758 |
|
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