The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 Sat Apr 5, 2025 |
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Draw Date | Sat Apr 5, 2025 | Projected Jackpot | $47,000,000 | Cash Value | $21,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $21,800,000 | Federal Tax(24%) | $5,232,000 | Additional Federal Tax | $2,794,330 | State Tax(7.65%) | $1,667,700 | Net Lumpsum Payment | $12,105,970 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$707,397 |
$222,067 $54,116 |
$431,214 |
2 |
$742,788 |
$235,162 $56,823 |
$450,803 |
3 |
$779,918 |
$248,900 $59,664 |
$471,354 |
4 |
$818,928 |
$263,334 $62,648 |
$492,946 |
5 |
$859,865 |
$278,480 $65,780 |
$515,605 |
6 |
$902,870 |
$294,392 $69,070 |
$539,408 |
7 |
$947,990 |
$311,087 $72,521 |
$564,382 |
8 |
$995,413 |
$328,633 $76,149 |
$590,631 |
9 |
$1,045,186 |
$347,049 $79,957 |
$618,180 |
10 |
$1,097,450 |
$366,387 $83,955 |
$647,108 |
11 |
$1,152,299 |
$386,681 $88,151 |
$677,467 |
12 |
$1,209,921 |
$408,001 $92,559 |
$709,361 |
13 |
$1,270,410 |
$430,382 $97,186 |
$742,842 |
14 |
$1,333,954 |
$453,893 $102,047 |
$778,014 |
15 |
$1,400,647 |
$478,570 $107,149 |
$814,928 |
16 |
$1,470,677 |
$504,481 $112,507 |
$853,689 |
17 |
$1,544,185 |
$531,679 $118,130 |
$894,376 |
18 |
$1,621,406 |
$560,251 $124,038 |
$937,117 |
19 |
$1,702,481 |
$590,248 $130,240 |
$981,993 |
20 |
$1,787,598 |
$621,742 $136,751 |
$1,029,105 |
21 |
$1,876,992 |
$654,817 $143,590 |
$1,078,585 |
22 |
$1,970,851 |
$689,545 $150,770 |
$1,130,536 |
23 |
$2,069,363 |
$725,995 $158,306 |
$1,185,062 |
24 |
$2,172,857 |
$764,287 $166,224 |
$1,242,346 |
25 |
$2,281,474 |
$804,476 $174,533 |
$1,302,465 |
26 |
$2,395,590 |
$846,699 $183,263 |
$1,365,628 |
27 |
$2,515,346 |
$891,008 $192,424 |
$1,431,914 |
28 |
$2,641,118 |
$937,544 $202,046 |
$1,501,528 |
29 |
$2,773,188 |
$986,410 $212,149 |
$1,574,629 |
30 |
$2,911,838 |
$1,037,710 $222,756 |
$1,651,372 |
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