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Powerball Annuity Jackpot Analysis for Wisconsin

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $60,000,000 would be for a resident of Wisconsin, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Wisconsin

Drawing Date:  Wed, Jul 30, 2014
Jackpot:$60,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$267,451$82,910$719,445
2$1,112,598$278,150$86,226$748,222
3$1,157,102$289,276$89,675$778,151
4$1,203,386$300,847$93,262$809,277
5$1,251,522$312,880$96,993$841,648
6$1,301,583$325,396$100,873$875,314
7$1,353,646$338,411$104,908$910,327
8$1,407,792$351,948$109,104$946,740
9$1,464,103$366,026$113,468$984,609
10$1,522,667$380,667$118,007$1,023,994
11$1,583,574$395,894$122,727$1,064,954
12$1,646,917$411,729$127,636$1,107,552
13$1,712,794$428,198$132,742$1,151,854
14$1,781,306$445,326$138,051$1,197,928
15$1,852,558$463,139$143,573$1,245,845
16$1,926,660$481,665$149,316$1,295,679
17$2,003,726$500,932$155,289$1,347,506
18$2,083,876$520,969$161,500$1,401,406
19$2,167,231$541,808$167,960$1,457,463
20$2,253,920$563,480$174,679$1,515,761
21$2,344,077$586,019$181,666$1,576,391
22$2,437,840$609,460$188,933$1,639,447
23$2,535,353$633,838$196,490$1,705,025
24$2,636,767$659,192$204,349$1,773,226
25$2,742,238$685,560$212,523$1,844,155
26$2,851,928$712,982$221,024$1,917,921
27$2,966,005$741,501$229,865$1,994,638
28$3,084,645$771,161$239,060$2,074,424
29$3,208,031$802,008$248,622$2,157,401
30$3,336,352$834,088$258,567$2,243,697
Total$60,000,000$15,000,000$4,650,000$40,350,000
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