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 |
|
|