USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 1999

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The tax information provided here is based on 2025 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 $35,000,000 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, Jan 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$153,927$40,300$332,573
2$553,140$163,146$42,315$347,679
3$580,797$172,826$44,431$363,540
4$609,837$182,990$46,653$380,194
5$640,329$193,942$48,985$397,402
6$672,345$205,788$51,434$415,123
7$705,963$218,226$54,006$433,730
8$741,261$231,287$56,706$453,268
9$778,324$245,000$59,542$473,782
10$817,240$259,399$62,519$495,322
11$858,102$274,518$65,645$517,939
12$901,007$290,393$68,927$541,687
13$946,058$307,062$72,373$566,623
14$993,360$324,564$75,992$592,805
15$1,043,028$342,941$79,792$620,296
16$1,095,180$362,237$83,781$649,162
17$1,149,939$382,498$87,970$679,471
18$1,207,436$403,771$92,369$711,295
19$1,267,808$426,109$96,987$744,711
20$1,331,198$449,563$101,837$779,798
21$1,397,758$474,191$106,928$816,639
22$1,467,646$500,049$112,275$855,322
23$1,541,028$527,201$117,889$895,939
24$1,618,079$555,710$123,783$938,587
25$1,698,983$585,644$129,972$983,367
26$1,783,933$617,075$136,471$1,030,386
27$1,873,129$650,078$143,294$1,079,757
28$1,966,786$684,731$150,459$1,131,596
29$2,065,125$721,116$157,982$1,186,026
30$2,168,381$759,321$165,881$1,243,179
Total$35,000,000$11,665,303$2,677,498$20,657,198

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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.