The jackpot for the Powerball draw on Wed Oct 7, 2026, is projected to be $485 Million, with an option for a cash payout of $199.8 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 Oct 7, 2026 |
|---|
| Draw Date | Wed Oct 7, 2026 | | Projected Jackpot | $485,000,000 | | Cash Value | $199,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $199,800,000 | | Federal Tax(24%) | $47,952,000 | | Additional Federal Tax | $25,934,330 | | State Tax(7.65%) | $15,284,700 | | Net Lumpsum Payment | $110,628,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,299,735 |
$2,661,232
$558,430 |
$4,080,073 |
| 2 |
$7,664,940 |
$2,796,358
$586,368 |
$4,282,214 |
| 3 |
$8,048,090 |
$2,938,124
$615,679 |
$4,494,287 |
| 4 |
$8,450,640 |
$3,087,067
$646,474 |
$4,717,099 |
| 5 |
$8,873,075 |
$3,243,368
$678,790 |
$4,950,917 |
| 6 |
$9,316,850 |
$3,407,565
$712,739 |
$5,196,546 |
| 7 |
$9,782,450 |
$3,579,837
$748,357 |
$5,454,256 |
| 8 |
$10,271,815 |
$3,760,902
$785,794 |
$5,725,119 |
| 9 |
$10,785,430 |
$3,950,939
$825,085 |
$6,009,406 |
| 10 |
$11,324,750 |
$4,150,488
$866,343 |
$6,307,919 |
| 11 |
$11,890,745 |
$4,359,906
$909,642 |
$6,621,197 |
| 12 |
$12,485,355 |
$4,579,912
$955,130 |
$6,950,313 |
| 13 |
$13,109,550 |
$4,810,864
$1,002,881 |
$7,295,805 |
| 14 |
$13,765,270 |
$5,053,480
$1,053,043 |
$7,658,747 |
| 15 |
$14,453,485 |
$5,308,120
$1,105,692 |
$8,039,673 |
| 16 |
$15,176,135 |
$5,575,500
$1,160,974 |
$8,439,661 |
| 17 |
$15,934,675 |
$5,856,160
$1,219,003 |
$8,859,512 |
| 18 |
$16,731,530 |
$6,150,996
$1,279,962 |
$9,300,572 |
| 19 |
$17,568,155 |
$6,460,548
$1,343,964 |
$9,763,643 |
| 20 |
$18,446,490 |
$6,785,532
$1,411,156 |
$10,249,802 |
| 21 |
$19,368,960 |
$7,126,846
$1,481,725 |
$10,760,389 |
| 22 |
$20,337,505 |
$7,485,207
$1,555,819 |
$11,296,479 |
| 23 |
$21,354,065 |
$7,861,334
$1,633,586 |
$11,859,145 |
| 24 |
$22,422,035 |
$8,256,483
$1,715,286 |
$12,450,266 |
| 25 |
$23,542,870 |
$8,671,192
$1,801,030 |
$13,070,648 |
| 26 |
$24,720,450 |
$9,106,897
$1,891,114 |
$13,722,439 |
| 27 |
$25,956,230 |
$9,564,135
$1,985,652 |
$14,406,443 |
| 28 |
$27,254,090 |
$10,044,344
$2,084,938 |
$15,124,808 |
| 29 |
$28,616,940 |
$10,548,598
$2,189,196 |
$15,879,146 |
| 30 |
$30,047,690 |
$11,077,976
$2,298,648 |
$16,671,066 |
|
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