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Mega Millions Annuity Jackpot Analysis for Wisconsin (Apr. 10, 2020 Drawing)

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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 $136,000,000 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:  Apr. 10, 2020
Jackpot:$136,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$491,279$156,595$1,399,121
2$2,149,345$515,843$164,425$1,469,077
3$2,256,812$541,635$172,646$1,542,531
4$2,369,653$568,717$181,278$1,619,658
5$2,488,135$597,152$190,342$1,700,641
6$2,612,542$627,010$199,859$1,785,673
7$2,743,169$658,361$209,852$1,874,956
8$2,880,328$691,279$220,345$1,968,704
9$3,024,344$725,843$231,362$2,067,139
10$3,175,561$762,135$242,930$2,170,496
11$3,334,339$800,241$255,077$2,279,021
12$3,501,056$840,254$267,831$2,392,972
13$3,676,109$882,266$281,222$2,512,621
14$3,859,915$926,380$295,283$2,638,252
15$4,052,910$972,699$310,048$2,770,164
16$4,255,556$1,021,333$325,550$2,908,673
17$4,468,334$1,072,400$341,828$3,054,106
18$4,691,750$1,126,020$358,919$3,206,811
19$4,926,338$1,182,321$376,865$3,367,152
20$5,172,655$1,241,437$395,708$3,535,510
21$5,431,288$1,303,509$415,493$3,712,285
22$5,702,852$1,368,684$436,268$3,897,899
23$5,987,995$1,437,119$458,082$4,092,794
24$6,287,394$1,508,975$480,986$4,297,434
25$6,601,764$1,584,423$505,035$4,512,306
26$6,931,852$1,663,645$530,287$4,737,921
27$7,278,445$1,746,827$556,801$4,974,817
28$7,642,367$1,834,168$584,641$5,223,558
29$8,024,485$1,925,876$613,873$5,484,736
30$8,425,710$2,022,170$644,567$5,758,973
Total$136,000,000$32,640,000$10,404,000$92,956,000
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