The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 Jul 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(7.65%) | $8,154,900 | | Net Lumpsum Payment | $59,042,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$269,428 |
$1,989,060 |
| 2 |
$3,698,136 |
$1,328,641
$282,907 |
$2,086,588 |
| 3 |
$3,882,996 |
$1,397,039
$297,049 |
$2,188,908 |
| 4 |
$4,077,216 |
$1,468,900
$311,907 |
$2,296,409 |
| 5 |
$4,281,030 |
$1,544,311
$327,499 |
$2,409,220 |
| 6 |
$4,495,140 |
$1,623,532
$343,878 |
$2,527,730 |
| 7 |
$4,719,780 |
$1,706,649
$361,063 |
$2,652,068 |
| 8 |
$4,955,886 |
$1,794,008
$379,125 |
$2,782,753 |
| 9 |
$5,203,692 |
$1,885,696
$398,082 |
$2,919,914 |
| 10 |
$5,463,900 |
$1,981,973
$417,988 |
$3,063,939 |
| 11 |
$5,736,978 |
$2,083,012
$438,879 |
$3,215,087 |
| 12 |
$6,023,862 |
$2,189,159
$460,825 |
$3,373,878 |
| 13 |
$6,325,020 |
$2,300,588
$483,864 |
$3,540,568 |
| 14 |
$6,641,388 |
$2,417,644
$508,066 |
$3,715,678 |
| 15 |
$6,973,434 |
$2,540,501
$533,468 |
$3,899,465 |
| 16 |
$7,322,094 |
$2,669,505
$560,140 |
$4,092,449 |
| 17 |
$7,688,070 |
$2,804,916
$588,137 |
$4,295,017 |
| 18 |
$8,072,532 |
$2,947,167
$617,549 |
$4,507,816 |
| 19 |
$8,476,182 |
$3,096,518
$648,428 |
$4,731,236 |
| 20 |
$8,899,956 |
$3,253,314
$680,847 |
$4,965,795 |
| 21 |
$9,345,024 |
$3,417,989
$714,894 |
$5,212,141 |
| 22 |
$9,812,322 |
$3,590,890
$750,643 |
$5,470,789 |
| 23 |
$10,302,786 |
$3,772,361
$788,163 |
$5,742,262 |
| 24 |
$10,818,054 |
$3,963,010
$827,581 |
$6,027,463 |
| 25 |
$11,358,828 |
$4,163,097
$868,950 |
$6,326,781 |
| 26 |
$11,926,980 |
$4,373,313
$912,414 |
$6,641,253 |
| 27 |
$12,523,212 |
$4,593,919
$958,026 |
$6,971,267 |
| 28 |
$13,149,396 |
$4,825,607
$1,005,929 |
$7,317,860 |
| 29 |
$13,806,936 |
$5,068,897
$1,056,231 |
$7,681,808 |
| 30 |
$14,497,236 |
$5,324,308
$1,109,039 |
$8,063,889 |
|
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