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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Sep 22, 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 $205,000,000 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 money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Fri, Sep 22, 2023
Jackpot:$205,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,085,544$1,104,606$236,044$1,744,894
2$3,239,821$1,161,689$247,846$1,830,286
3$3,401,812$1,221,626$260,239$1,919,948
4$3,571,903$1,284,559$273,251$2,014,093
5$3,750,498$1,350,639$286,913$2,112,946
6$3,938,023$1,420,024$301,259$2,216,741
7$4,134,924$1,492,877$316,322$2,325,726
8$4,341,671$1,569,373$332,138$2,440,160
9$4,558,754$1,649,694$348,745$2,560,315
10$4,786,692$1,734,031$366,182$2,686,479
11$5,026,026$1,822,585$384,491$2,818,951
12$5,277,328$1,915,566$403,716$2,958,046
13$5,541,194$2,013,197$423,901$3,104,096
14$5,818,254$2,115,709$445,096$3,257,448
15$6,109,166$2,223,347$467,351$3,418,469
16$6,414,625$2,336,366$490,719$3,587,540
17$6,735,356$2,455,037$515,255$3,765,065
18$7,072,124$2,579,641$541,017$3,951,466
19$7,425,730$2,710,475$568,068$4,147,187
20$7,797,017$2,847,851$596,472$4,352,694
21$8,186,867$2,992,096$626,295$4,568,476
22$8,596,211$3,143,553$657,610$4,795,048
23$9,026,021$3,302,583$690,491$5,032,948
24$9,477,322$3,469,564$725,015$5,282,743
25$9,951,188$3,644,895$761,266$5,545,028
26$10,448,748$3,828,992$799,329$5,820,427
27$10,971,185$4,022,294$839,296$6,109,596
28$11,519,744$4,225,260$881,260$6,413,224
29$12,095,732$4,438,376$925,323$6,732,032
30$12,700,518$4,662,147$971,590$7,066,782
Total$205,000,000$74,738,652$15,682,500$114,578,854

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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.