USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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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 $18,000,000 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, Jan 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$20,726$185,001
2$284,472$69,940$21,762$192,770
3$298,696$74,918$22,850$200,927
4$313,631$80,145$23,993$209,492
5$329,312$85,634$25,192$218,486
6$345,778$91,397$26,452$227,929
7$363,067$97,448$27,775$237,844
8$381,220$103,802$29,163$248,255
9$400,281$110,473$30,621$259,186
10$420,295$117,478$32,153$270,664
11$441,310$124,833$33,760$282,716
12$463,375$132,556$35,448$295,371
13$486,544$140,665$37,221$308,658
14$510,871$149,180$39,082$322,610
15$536,415$158,120$41,036$337,259
16$563,235$167,507$43,088$352,641
17$591,397$177,364$45,242$368,791
18$620,967$187,946$47,504$385,517
19$652,015$199,433$49,879$402,703
20$684,616$211,496$52,373$420,747
21$718,847$224,161$54,992$439,694
22$754,789$237,460$57,741$459,588
23$792,529$251,423$60,628$480,477
24$832,155$266,085$63,660$502,410
25$873,763$281,480$66,843$525,440
26$917,451$297,645$70,185$549,621
27$963,324$314,617$73,694$575,012
28$1,011,490$332,439$77,379$601,672
29$1,062,064$351,152$81,248$629,665
30$1,115,167$370,800$85,310$659,057
Total$18,000,000$5,472,796$1,377,000$11,150,203

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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.