PBPowerballTax

7.65% state lottery tax

Wisconsin Powerball Tax Calculator

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Wisconsin applies a 7.65% state lottery tax — among the higher U.S. rates. Combined with federal taxes, the effective tax on a large jackpot exceeds 40%.

Note: 7.65% top rate

Wisconsin after-tax take-home by jackpot tier

24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.

AdvertisedCash take-homeCash effectiveAnnuity take-home
$100M$33.3M44.51%$55.4M
$300M$99.7M44.6%$166.1M
$500M$166.1M44.62%$276.8M
$700M$232.6M44.63%$387.5M
$1B$332.2M44.64%$553.6M
$1.5B$498.2M44.64%$830.3M
$2B$664.3M44.64%$1.1B

Wisconsin vs neighboring states ($1B cash)

StateRateCash take-home
Wisconsin (WI)7.65%$332.2M
Minnesota (MN)9.85%$319.0M
Iowa (IA)3.8%$355.3M
Illinois (IL)4.95%$348.4M

Frequently asked questions

Does Wisconsin tax Powerball winnings?

Wisconsin taxes Powerball winnings at 7.65%. Note: 7.65% top rate.

How much does a $1 billion Powerball winner take home in Wisconsin?

On a $1 billion advertised jackpot taken as cash (gross $600,000,000), a Wisconsin winner keeps approximately $332,183,278 after taxes — an effective rate of about 44.64%.

Can I avoid Wisconsin lottery tax by moving states before claiming?

No. State lottery tax is determined by the state where the ticket was sold, not the winner's residence. A ticket bought in Wisconsin is taxed at Wisconsin's 7.65% rate; the winner's home state may credit or assess additional tax at filing.

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