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Mega Millions Annuity Jackpot Analysis for Wisconsin

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The Mega Millions 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 $245,000,000 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:  Tue, Feb 26, 2019
Jackpot:$245,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,687,602$885,024$282,102$2,520,476
2$3,871,982$929,276$296,207$2,646,500
3$4,065,581$975,739$311,017$2,778,824
4$4,268,860$1,024,526$326,568$2,917,766
5$4,482,303$1,075,753$342,896$3,063,654
6$4,706,418$1,129,540$360,041$3,216,837
7$4,941,739$1,186,017$378,043$3,377,679
8$5,188,826$1,245,318$396,945$3,546,562
9$5,448,267$1,307,584$416,792$3,723,891
10$5,720,680$1,372,963$437,632$3,910,085
11$6,006,714$1,441,611$459,514$4,105,589
12$6,307,050$1,513,692$482,489$4,310,869
13$6,622,403$1,589,377$506,614$4,526,412
14$6,953,523$1,668,845$531,944$4,752,733
15$7,301,199$1,752,288$558,542$4,990,369
16$7,666,259$1,839,902$586,469$5,239,888
17$8,049,572$1,931,897$615,792$5,501,882
18$8,452,050$2,028,492$646,582$5,776,976
19$8,874,653$2,129,917$678,911$6,065,825
20$9,318,386$2,236,413$712,856$6,369,117
21$9,784,305$2,348,233$748,499$6,687,572
22$10,273,520$2,465,645$785,924$7,021,951
23$10,787,196$2,588,927$825,221$7,373,049
24$11,326,556$2,718,373$866,482$7,741,701
25$11,892,884$2,854,292$909,806$8,128,786
26$12,487,528$2,997,007$955,296$8,535,225
27$13,111,904$3,146,857$1,003,061$8,961,987
28$13,767,499$3,304,200$1,053,214$9,410,086
29$14,455,874$3,469,410$1,105,874$9,880,590
30$15,178,668$3,642,880$1,161,168$10,374,620
Total$245,000,000$58,800,000$18,742,500$167,457,500
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