The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 19, 2025 |
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Draw Date | Sat Jul 19, 2025 | Projected Jackpot | $288,000,000 | Cash Value | $130,600,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $130,600,000 | Federal Tax(24%) | $31,344,000 | Additional Federal Tax | $16,938,330 | State Tax(7.65%) | $9,990,900 | Net Lumpsum Payment | $72,326,770 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,334,688 |
$1,564,165 $331,604 |
$2,438,919 |
2 |
$4,551,552 |
$1,644,405 $348,194 |
$2,558,953 |
3 |
$4,779,072 |
$1,728,587 $365,599 |
$2,684,886 |
4 |
$5,018,112 |
$1,817,032 $383,886 |
$2,817,194 |
5 |
$5,268,960 |
$1,909,846 $403,075 |
$2,956,039 |
6 |
$5,532,480 |
$2,007,348 $423,235 |
$3,101,897 |
7 |
$5,808,960 |
$2,109,646 $444,385 |
$3,254,929 |
8 |
$6,099,552 |
$2,217,165 $466,616 |
$3,415,771 |
9 |
$6,404,544 |
$2,330,012 $489,948 |
$3,584,584 |
10 |
$6,724,800 |
$2,448,506 $514,447 |
$3,761,847 |
11 |
$7,060,896 |
$2,572,862 $540,159 |
$3,947,875 |
12 |
$7,413,984 |
$2,703,504 $567,170 |
$4,143,310 |
13 |
$7,784,640 |
$2,840,647 $595,525 |
$4,348,468 |
14 |
$8,174,016 |
$2,984,716 $625,312 |
$4,563,988 |
15 |
$8,582,688 |
$3,135,925 $656,576 |
$4,790,187 |
16 |
$9,011,808 |
$3,294,699 $689,403 |
$5,027,706 |
17 |
$9,462,240 |
$3,461,359 $723,861 |
$5,277,020 |
18 |
$9,935,424 |
$3,636,437 $760,060 |
$5,538,927 |
19 |
$10,432,224 |
$3,820,253 $798,065 |
$5,813,906 |
20 |
$10,953,792 |
$4,013,233 $837,965 |
$6,102,594 |
21 |
$11,501,568 |
$4,215,911 $879,870 |
$6,405,787 |
22 |
$12,076,704 |
$4,428,711 $923,868 |
$6,724,125 |
23 |
$12,680,352 |
$4,652,061 $970,047 |
$7,058,244 |
24 |
$13,314,528 |
$4,886,706 $1,018,561 |
$7,409,261 |
25 |
$13,980,096 |
$5,132,966 $1,069,477 |
$7,777,653 |
26 |
$14,679,360 |
$5,391,694 $1,122,971 |
$8,164,695 |
27 |
$15,413,184 |
$5,663,208 $1,179,109 |
$8,570,867 |
28 |
$16,183,872 |
$5,948,363 $1,238,066 |
$8,997,443 |
29 |
$16,993,152 |
$6,247,797 $1,299,976 |
$9,445,379 |
30 |
$17,842,752 |
$6,562,149 $1,364,971 |
$9,915,632 |
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