USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Mar 15, 2002

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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 $42,000,000 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, Mar 15, 2002
Jackpot:$42,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$632,160$190,920$48,360$392,880
2$663,768$202,615$50,778$410,376
3$696,957$214,894$53,317$428,745
4$731,805$227,788$55,983$448,034
5$768,395$241,326$58,782$468,286
6$806,814$255,542$61,721$489,552
7$847,155$270,468$64,807$511,880
8$889,513$286,140$68,048$535,325
9$933,989$302,596$71,450$559,942
10$980,688$319,875$75,023$585,791
11$1,029,722$338,018$78,774$612,931
12$1,081,209$357,067$82,712$641,429
13$1,135,269$377,070$86,848$671,351
14$1,192,032$398,072$91,190$702,770
15$1,251,634$420,125$95,750$735,759
16$1,314,216$443,280$100,538$770,398
17$1,379,927$467,593$105,564$806,769
18$1,448,923$493,122$110,843$844,959
19$1,521,369$519,927$116,385$885,058
20$1,597,438$548,072$122,204$927,161
21$1,677,309$577,625$128,314$971,371
22$1,761,175$608,655$134,730$1,017,790
23$1,849,234$641,237$141,466$1,066,531
24$1,941,695$675,448$148,540$1,117,708
25$2,038,780$711,369$155,967$1,171,445
26$2,140,719$749,086$163,765$1,227,868
27$2,247,755$788,690$171,953$1,287,112
28$2,360,143$830,273$180,551$1,349,319
29$2,478,150$873,936$189,578$1,414,636
30$2,602,057$919,781$199,057$1,483,219
Total$42,000,000$14,250,610$3,212,998$24,536,395

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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.