The jackpot for the Powerball draw on Mon May 11, 2026, is projected to be $57 Million, with an option for a cash payout of $25.7 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 Mon May 11, 2026 |
|---|
| Draw Date | Mon May 11, 2026 | | Projected Jackpot | $57,000,000 | | Cash Value | $25,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $25,700,000 | | Federal Tax(24%) | $6,168,000 | | Additional Federal Tax | $3,301,330 | | State Tax(7.65%) | $1,966,050 | | Net Lumpsum Payment | $14,264,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$857,907 |
$277,756
$65,630 |
$514,521 |
| 2 |
$900,828 |
$293,637
$68,913 |
$538,278 |
| 3 |
$945,858 |
$310,298
$72,358 |
$563,202 |
| 4 |
$993,168 |
$327,803
$75,977 |
$589,388 |
| 5 |
$1,042,815 |
$346,172
$79,775 |
$616,868 |
| 6 |
$1,094,970 |
$365,469
$83,765 |
$645,736 |
| 7 |
$1,149,690 |
$385,716
$87,951 |
$676,023 |
| 8 |
$1,207,203 |
$406,995
$92,351 |
$707,857 |
| 9 |
$1,267,566 |
$429,330
$96,969 |
$741,267 |
| 10 |
$1,330,950 |
$452,782
$101,818 |
$776,350 |
| 11 |
$1,397,469 |
$477,394
$106,906 |
$813,169 |
| 12 |
$1,467,351 |
$503,250
$112,252 |
$851,849 |
| 13 |
$1,540,710 |
$530,393
$117,864 |
$892,453 |
| 14 |
$1,617,774 |
$558,907
$123,760 |
$935,107 |
| 15 |
$1,698,657 |
$588,833
$129,947 |
$979,877 |
| 16 |
$1,783,587 |
$620,258
$136,444 |
$1,026,885 |
| 17 |
$1,872,735 |
$653,242
$143,264 |
$1,076,229 |
| 18 |
$1,966,386 |
$687,893
$150,429 |
$1,128,064 |
| 19 |
$2,064,711 |
$724,273
$157,950 |
$1,182,488 |
| 20 |
$2,167,938 |
$762,467
$165,847 |
$1,239,624 |
| 21 |
$2,276,352 |
$802,581
$174,141 |
$1,299,630 |
| 22 |
$2,390,181 |
$844,697
$182,849 |
$1,362,635 |
| 23 |
$2,509,653 |
$888,902
$191,988 |
$1,428,763 |
| 24 |
$2,635,167 |
$935,342
$201,590 |
$1,498,235 |
| 25 |
$2,766,894 |
$984,081
$211,667 |
$1,571,146 |
| 26 |
$2,905,290 |
$1,035,288
$222,255 |
$1,647,747 |
| 27 |
$3,050,526 |
$1,089,025
$233,365 |
$1,728,136 |
| 28 |
$3,203,058 |
$1,145,462
$245,034 |
$1,812,562 |
| 29 |
$3,363,228 |
$1,204,725
$257,287 |
$1,901,216 |
| 30 |
$3,531,378 |
$1,266,940
$270,150 |
$1,994,288 |
|
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