USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Feb 12, 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 $10,000,000 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, Feb 12, 1999
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$11,514$109,834
2$158,040$30,972$12,090$114,978
3$165,942$32,869$12,695$120,379
4$174,239$34,860$13,329$126,050
5$182,951$36,951$13,996$132,005
6$192,099$39,158$14,696$138,245
7$201,704$42,232$15,430$144,042
8$211,789$45,459$16,202$150,128
9$222,378$48,848$17,012$156,519
10$233,497$52,406$17,863$163,229
11$245,172$56,185$18,756$170,231
12$257,431$60,475$19,693$177,262
13$270,302$64,981$20,678$184,644
14$283,817$69,711$21,712$192,394
15$298,008$74,678$22,798$200,533
16$312,909$79,893$23,938$209,078
17$328,554$85,369$25,134$218,051
18$344,982$91,118$26,391$227,472
19$362,231$97,156$27,711$237,365
20$380,342$103,495$29,096$247,752
21$399,359$110,151$30,551$258,658
22$419,327$117,139$32,079$270,109
23$440,294$124,478$33,682$282,134
24$462,308$132,183$35,367$294,759
25$485,424$140,273$37,135$308,016
26$509,695$148,768$38,992$321,935
27$535,180$157,688$40,941$336,551
28$561,939$167,053$42,988$351,897
29$590,036$176,887$45,138$368,011
30$619,537$187,417$47,395$384,726
Total$10,000,000$2,638,019$765,002$6,596,987

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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.