USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $25,000,000 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, Nov 20, 1998
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$102,075$28,786$245,425
2$395,100$108,660$30,225$256,215
3$414,855$115,574$31,736$267,545
4$435,598$122,834$33,323$279,441
5$457,378$130,457$34,989$291,931
6$480,247$138,461$36,739$305,047
7$504,259$146,865$38,576$318,818
8$529,472$155,690$40,505$333,277
9$555,946$164,956$42,530$348,460
10$583,743$174,685$44,656$364,402
11$612,930$184,972$46,889$381,069
12$643,577$196,311$49,234$398,032
13$675,755$208,217$51,695$415,843
14$709,543$220,719$54,280$434,544
15$745,020$233,845$56,994$454,181
16$782,271$247,628$59,844$474,799
17$821,385$262,100$62,836$496,449
18$862,454$277,296$65,978$519,181
19$905,577$293,251$69,277$543,049
20$950,856$310,004$72,740$568,111
21$998,398$327,595$76,377$594,426
22$1,048,318$346,066$80,196$622,056
23$1,100,734$365,459$84,206$651,069
24$1,155,771$385,823$88,416$681,531
25$1,213,560$407,205$92,837$713,517
26$1,274,238$429,656$97,479$747,103
27$1,337,949$453,229$102,353$782,367
28$1,404,847$477,981$107,471$819,395
29$1,475,089$503,971$112,844$858,274
30$1,548,844$531,260$118,487$899,097
Total$25,000,000$8,022,845$1,912,498$15,064,654

◄ Back to Jackpot Analysis

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.