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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $31,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Tue, Jan 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$137,061$35,694$293,839
2$489,924$145,226$37,479$307,219
3$514,420$153,800$39,353$321,267
4$540,141$162,807$41,321$336,013
5$567,149$172,800$43,387$350,962
6$595,506$183,292$45,556$366,658
7$625,281$194,309$47,834$383,138
8$656,545$205,877$50,226$400,443
9$689,373$218,023$52,737$418,613
10$723,841$230,776$55,374$437,691
11$760,033$244,167$58,143$457,723
12$798,035$258,228$61,050$478,757
13$837,937$272,992$64,102$500,843
14$879,834$288,493$67,307$524,033
15$923,825$304,770$70,673$548,382
16$970,016$321,861$74,206$573,949
17$1,018,517$339,806$77,917$600,794
18$1,069,443$358,649$81,812$628,982
19$1,122,915$378,434$85,903$658,579
20$1,179,061$399,208$90,198$689,655
21$1,238,014$421,020$94,708$722,286
22$1,299,915$443,923$99,443$756,548
23$1,364,911$467,972$104,416$792,523
24$1,433,156$493,223$109,636$830,297
25$1,504,814$519,736$115,118$869,959
26$1,580,055$547,575$120,874$911,605
27$1,659,057$576,806$126,918$955,333
28$1,742,010$607,499$133,264$1,001,248
29$1,829,111$639,726$139,927$1,049,458
30$1,920,566$673,564$146,923$1,100,078
Total$31,000,000$10,361,623$2,371,499$18,266,875

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.