USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Mar 17, 1998

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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 $23,000,000 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:Tue, Mar 17, 1998
Jackpot:$23,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$346,183$91,539$26,483$228,161
2$363,492$97,597$27,807$238,088
3$381,667$103,958$29,198$248,511
4$400,750$110,637$30,657$259,455
5$420,788$117,650$32,190$270,947
6$441,827$125,014$33,800$283,013
7$463,918$132,746$35,490$295,682
8$487,114$140,865$37,264$308,985
9$511,470$149,389$39,127$322,953
10$537,043$158,340$41,084$337,620
11$563,896$167,738$43,138$353,019
12$592,090$177,606$45,295$369,189
13$621,695$188,215$47,560$385,920
14$652,780$199,716$49,938$403,126
15$685,419$211,793$52,435$421,191
16$719,690$224,473$55,056$440,160
17$755,674$237,787$57,809$460,078
18$793,458$251,767$60,700$480,991
19$833,131$266,446$63,734$502,950
20$874,787$281,859$66,921$526,007
21$918,527$298,043$70,267$550,217
22$964,453$315,035$73,781$575,637
23$1,012,676$332,878$77,470$602,328
24$1,063,309$351,612$81,343$630,354
25$1,116,475$371,283$85,410$659,781
26$1,172,299$391,938$89,681$690,679
27$1,230,913$413,626$94,165$723,123
28$1,292,459$436,398$98,873$757,188
29$1,357,082$460,308$103,817$792,957
30$1,424,936$485,414$109,008$830,514
Total$23,000,000$7,291,670$1,759,501$13,948,824

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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.