The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(7.65%) | $10,840,050 | | Net Lumpsum Payment | $78,470,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$382,265 |
$2,805,472 |
| 2 |
$5,246,928 |
$1,901,694
$401,390 |
$2,943,844 |
| 3 |
$5,509,208 |
$1,998,737
$421,454 |
$3,089,017 |
| 4 |
$5,784,768 |
$2,100,695
$442,535 |
$3,241,538 |
| 5 |
$6,073,940 |
$2,207,688
$464,656 |
$3,401,596 |
| 6 |
$6,377,720 |
$2,320,087
$487,896 |
$3,569,737 |
| 7 |
$6,696,440 |
$2,438,013
$512,278 |
$3,746,149 |
| 8 |
$7,031,428 |
$2,561,959
$537,904 |
$3,931,565 |
| 9 |
$7,383,016 |
$2,692,046
$564,801 |
$4,126,169 |
| 10 |
$7,752,200 |
$2,828,644
$593,043 |
$4,330,513 |
| 11 |
$8,139,644 |
$2,971,999
$622,683 |
$4,544,962 |
| 12 |
$8,546,676 |
$3,122,601
$653,821 |
$4,770,254 |
| 13 |
$8,973,960 |
$3,280,696
$686,508 |
$5,006,756 |
| 14 |
$9,422,824 |
$3,446,775
$720,846 |
$5,255,203 |
| 15 |
$9,893,932 |
$3,621,085
$756,886 |
$5,515,961 |
| 16 |
$10,388,612 |
$3,804,117
$794,729 |
$5,789,766 |
| 17 |
$10,907,860 |
$3,996,239
$834,451 |
$6,077,170 |
| 18 |
$11,453,336 |
$4,198,065
$876,180 |
$6,379,091 |
| 19 |
$12,026,036 |
$4,409,964
$919,992 |
$6,696,080 |
| 20 |
$12,627,288 |
$4,632,427
$965,988 |
$7,028,873 |
| 21 |
$13,258,752 |
$4,866,069
$1,014,295 |
$7,378,388 |
| 22 |
$13,921,756 |
$5,111,380
$1,065,014 |
$7,745,362 |
| 23 |
$14,617,628 |
$5,368,853
$1,118,249 |
$8,130,526 |
| 24 |
$15,348,692 |
$5,639,346
$1,174,175 |
$8,535,171 |
| 25 |
$16,115,944 |
$5,923,230
$1,232,870 |
$8,959,844 |
| 26 |
$16,922,040 |
$6,221,485
$1,294,536 |
$9,406,019 |
| 27 |
$17,767,976 |
$6,534,482
$1,359,250 |
$9,874,244 |
| 28 |
$18,656,408 |
$6,863,201
$1,427,215 |
$10,365,992 |
| 29 |
$19,589,328 |
$7,208,382
$1,498,584 |
$10,882,362 |
| 30 |
$20,568,728 |
$7,570,760
$1,573,508 |
$11,424,460 |
|
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