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Mega Millions Annuity Jackpot Analysis for Wisconsin (Aug. 4, 2017 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 $323,000,000 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:  Aug. 4, 2017
Jackpot:$323,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,861,614$1,166,787$371,913$3,322,913
2$5,104,694$1,225,127$390,509$3,489,059
3$5,359,929$1,286,383$410,035$3,663,511
4$5,627,926$1,350,702$430,536$3,846,687
5$5,909,321$1,418,237$452,063$4,039,021
6$6,204,788$1,489,149$474,666$4,240,972
7$6,515,027$1,563,607$498,400$4,453,021
8$6,840,779$1,641,787$523,320$4,675,672
9$7,182,817$1,723,876$549,486$4,909,456
10$7,541,958$1,810,070$576,960$5,154,928
11$7,919,056$1,900,573$605,808$5,412,675
12$8,315,009$1,995,602$636,098$5,683,309
13$8,730,759$2,095,382$667,903$5,967,474
14$9,167,297$2,200,151$701,298$6,265,848
15$9,625,662$2,310,159$736,363$6,579,140
16$10,106,946$2,425,667$773,181$6,908,097
17$10,612,293$2,546,950$811,840$7,253,502
18$11,142,907$2,674,298$852,432$7,616,177
19$11,700,053$2,808,013$895,054$7,996,986
20$12,285,055$2,948,413$939,807$8,396,835
21$12,899,308$3,095,834$986,797$8,816,677
22$13,544,273$3,250,626$1,036,137$9,257,511
23$14,221,487$3,413,157$1,087,944$9,720,386
24$14,932,561$3,583,815$1,142,341$10,206,406
25$15,679,189$3,763,005$1,199,458$10,716,726
26$16,463,149$3,951,156$1,259,431$11,252,562
27$17,286,307$4,148,714$1,322,402$11,815,191
28$18,150,622$4,356,149$1,388,523$12,405,950
29$19,058,153$4,573,957$1,457,949$13,026,247
30$20,011,061$4,802,655$1,530,846$13,677,560
Total$323,000,001$77,520,000$24,709,500$220,770,500
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