The jackpot for the Powerball draw on Sat Jan 11, 2025, is projected to be $263 Million, with an option for a cash payout of $117.7 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 Sat Jan 11, 2025 |
|---|
| Draw Date | Sat Jan 11, 2025 | | Projected Jackpot | $263,000,000 | | Cash Value | $117,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $117,700,000 | | Federal Tax(24%) | $28,248,000 | | Additional Federal Tax | $15,261,330 | | State Tax(7.65%) | $9,004,050 | | Net Lumpsum Payment | $65,186,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,958,413 |
$1,424,943
$302,819 |
$2,230,651 |
| 2 |
$4,156,452 |
$1,498,218
$317,969 |
$2,340,265 |
| 3 |
$4,364,222 |
$1,575,093
$333,863 |
$2,455,266 |
| 4 |
$4,582,512 |
$1,655,860
$350,562 |
$2,576,090 |
| 5 |
$4,811,585 |
$1,740,617
$368,086 |
$2,702,882 |
| 6 |
$5,052,230 |
$1,829,655
$386,496 |
$2,836,079 |
| 7 |
$5,304,710 |
$1,923,073
$405,810 |
$2,975,827 |
| 8 |
$5,570,077 |
$2,021,259
$426,111 |
$3,122,707 |
| 9 |
$5,848,594 |
$2,124,310
$447,417 |
$3,276,867 |
| 10 |
$6,141,050 |
$2,232,519
$469,790 |
$3,438,741 |
| 11 |
$6,447,971 |
$2,346,080
$493,270 |
$3,608,621 |
| 12 |
$6,770,409 |
$2,465,382
$517,936 |
$3,787,091 |
| 13 |
$7,108,890 |
$2,590,620
$543,830 |
$3,974,440 |
| 14 |
$7,464,466 |
$2,722,183
$571,032 |
$4,171,251 |
| 15 |
$7,837,663 |
$2,860,266
$599,581 |
$4,377,816 |
| 16 |
$8,229,533 |
$3,005,258
$629,559 |
$4,594,716 |
| 17 |
$8,640,865 |
$3,157,450
$661,026 |
$4,822,389 |
| 18 |
$9,072,974 |
$3,317,331
$694,083 |
$5,061,560 |
| 19 |
$9,526,649 |
$3,485,191
$728,789 |
$5,312,669 |
| 20 |
$10,002,942 |
$3,661,419
$765,225 |
$5,576,298 |
| 21 |
$10,503,168 |
$3,846,503
$803,492 |
$5,853,173 |
| 22 |
$11,028,379 |
$4,040,831
$843,671 |
$6,143,877 |
| 23 |
$11,579,627 |
$4,244,792
$885,841 |
$6,448,994 |
| 24 |
$12,158,753 |
$4,459,069
$930,145 |
$6,769,539 |
| 25 |
$12,766,546 |
$4,683,952
$976,641 |
$7,105,953 |
| 26 |
$13,405,110 |
$4,920,221
$1,025,491 |
$7,459,398 |
| 27 |
$14,075,234 |
$5,168,167
$1,076,755 |
$7,830,312 |
| 28 |
$14,779,022 |
$5,428,569
$1,130,595 |
$8,219,858 |
| 29 |
$15,518,052 |
$5,702,010
$1,187,131 |
$8,628,911 |
| 30 |
$16,293,902 |
$5,989,074
$1,246,484 |
$9,058,344 |
|
|
