The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(7.65%) | $9,516,600 | | Net Lumpsum Payment | $68,895,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$313,181 |
$2,305,628 |
| 2 |
$4,298,688 |
$1,550,845
$328,850 |
$2,418,993 |
| 3 |
$4,513,568 |
$1,630,351
$345,288 |
$2,537,929 |
| 4 |
$4,739,328 |
$1,713,882
$362,559 |
$2,662,887 |
| 5 |
$4,976,240 |
$1,801,539
$380,682 |
$2,794,019 |
| 6 |
$5,225,120 |
$1,893,625
$399,722 |
$2,931,773 |
| 7 |
$5,486,240 |
$1,990,239
$419,697 |
$3,076,304 |
| 8 |
$5,760,688 |
$2,091,785
$440,693 |
$3,228,210 |
| 9 |
$6,048,736 |
$2,198,363
$462,728 |
$3,387,645 |
| 10 |
$6,351,200 |
$2,310,274
$485,867 |
$3,555,059 |
| 11 |
$6,668,624 |
$2,427,721
$510,150 |
$3,730,753 |
| 12 |
$7,002,096 |
$2,551,106
$535,660 |
$3,915,330 |
| 13 |
$7,352,160 |
$2,680,630
$562,440 |
$4,109,090 |
| 14 |
$7,719,904 |
$2,816,695
$590,573 |
$4,312,636 |
| 15 |
$8,105,872 |
$2,959,503
$620,099 |
$4,526,270 |
| 16 |
$8,511,152 |
$3,109,457
$651,103 |
$4,750,592 |
| 17 |
$8,936,560 |
$3,266,858
$683,647 |
$4,986,055 |
| 18 |
$9,383,456 |
$3,432,209
$717,834 |
$5,233,413 |
| 19 |
$9,852,656 |
$3,605,813
$753,728 |
$5,493,115 |
| 20 |
$10,345,248 |
$3,788,072
$791,411 |
$5,765,765 |
| 21 |
$10,862,592 |
$3,979,489
$830,988 |
$6,052,115 |
| 22 |
$11,405,776 |
$4,180,468
$872,542 |
$6,352,766 |
| 23 |
$11,975,888 |
$4,391,409
$916,155 |
$6,668,324 |
| 24 |
$12,574,832 |
$4,613,018
$961,975 |
$6,999,839 |
| 25 |
$13,203,424 |
$4,845,597
$1,010,062 |
$7,347,765 |
| 26 |
$13,863,840 |
$5,089,951
$1,060,584 |
$7,713,305 |
| 27 |
$14,556,896 |
$5,346,382
$1,113,603 |
$8,096,911 |
| 28 |
$15,284,768 |
$5,615,695
$1,169,285 |
$8,499,788 |
| 29 |
$16,049,088 |
$5,898,493
$1,227,755 |
$8,922,840 |
| 30 |
$16,851,488 |
$6,195,381
$1,289,139 |
$9,366,968 |
|
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