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Mega Millions Annuity Jackpot Analysis for Wisconsin (Apr. 3, 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 $121,000,000 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. 3, 2020
Jackpot:$121,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,821,224$437,094$139,324$1,244,806
2$1,912,285$458,948$146,290$1,307,047
3$2,007,899$481,896$153,604$1,372,399
4$2,108,294$505,991$161,284$1,441,019
5$2,213,709$531,290$169,349$1,513,070
6$2,324,394$557,855$177,816$1,588,723
7$2,440,614$585,747$186,707$1,668,160
8$2,562,645$615,035$196,042$1,751,568
9$2,690,777$645,786$205,844$1,839,146
10$2,825,316$678,076$216,137$1,931,103
11$2,966,581$711,980$226,943$2,027,658
12$3,114,911$747,579$238,291$2,129,041
13$3,270,656$784,957$250,205$2,235,493
14$3,434,189$824,205$262,715$2,347,268
15$3,605,898$865,416$275,851$2,464,631
16$3,786,193$908,686$289,644$2,587,863
17$3,975,503$954,121$304,126$2,717,256
18$4,174,278$1,001,827$319,332$2,853,119
19$4,382,992$1,051,918$335,299$2,995,775
20$4,602,141$1,104,514$352,064$3,145,564
21$4,832,248$1,159,740$369,667$3,302,842
22$5,073,861$1,217,727$388,150$3,467,984
23$5,327,554$1,278,613$407,558$3,641,383
24$5,593,932$1,342,544$427,936$3,823,452
25$5,873,628$1,409,671$449,333$4,014,625
26$6,167,310$1,480,154$471,799$4,215,356
27$6,475,675$1,554,162$495,389$4,426,124
28$6,799,459$1,631,870$520,159$4,647,430
29$7,139,432$1,713,464$546,167$4,879,802
30$7,496,404$1,799,137$573,475$5,123,792
Total$121,000,000$29,040,000$9,256,500$82,703,500
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