USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jul 21, 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 $11,000,000 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, Jul 21, 1998
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,778$12,666$120,122
2$173,844$34,765$13,299$125,780
3$182,536$36,851$13,964$131,721
4$191,663$39,042$14,662$137,959
5$201,246$42,085$15,395$143,766
6$211,309$45,305$16,165$149,838
7$221,874$48,686$16,973$156,214
8$232,968$52,236$17,822$162,910
9$244,616$55,990$18,713$169,913
10$256,847$60,271$19,649$176,927
11$269,689$64,766$20,631$184,292
12$283,174$69,486$21,663$192,025
13$297,332$74,441$22,746$200,145
14$312,199$79,644$23,883$208,671
15$327,809$85,108$25,077$217,624
16$344,199$90,845$26,331$227,024
17$361,409$96,868$27,648$236,894
18$379,480$103,193$29,030$247,257
19$398,454$109,834$30,482$258,139
20$418,376$116,807$32,006$269,564
21$439,295$124,128$33,606$281,561
22$461,260$131,816$35,286$294,158
23$484,323$139,888$37,051$307,385
24$508,539$148,363$38,903$321,273
25$533,966$157,263$40,848$335,855
26$560,665$166,607$42,891$351,166
27$588,698$176,419$45,035$367,243
28$618,133$186,897$47,287$383,949
29$649,039$198,332$49,652$401,055
30$681,491$210,340$52,134$419,018
Total$11,000,000$2,979,054$841,498$7,179,448

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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.