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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Nov 2, 2004

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The tax information provided here is based on 2026 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 $66,000,000 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, Nov 2, 2004
Jackpot:$66,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$993,395$323,513$75,995$593,887
2$1,043,064$341,891$79,794$621,379
3$1,095,218$361,188$83,784$650,246
4$1,149,979$381,449$87,973$680,556
5$1,207,477$402,724$92,372$712,382
6$1,267,851$425,062$96,991$745,798
7$1,331,244$448,518$101,840$780,886
8$1,397,806$473,146$106,932$817,728
9$1,467,696$499,005$112,279$856,413
10$1,541,081$526,157$117,893$897,031
11$1,618,135$554,667$123,787$939,681
12$1,699,042$584,603$129,977$984,463
13$1,783,994$616,035$136,476$1,031,484
14$1,873,194$649,039$143,299$1,080,856
15$1,966,854$683,693$150,464$1,132,696
16$2,065,196$720,080$157,988$1,187,129
17$2,168,456$758,286$165,887$1,244,283
18$2,276,879$798,402$174,181$1,304,295
19$2,390,723$840,525$182,890$1,367,308
20$2,510,259$884,753$192,035$1,433,471
21$2,635,772$931,193$201,637$1,502,943
22$2,767,561$979,955$211,718$1,575,887
23$2,905,939$1,031,155$222,304$1,652,480
24$3,051,235$1,084,914$233,420$1,732,902
25$3,203,797$1,141,362$245,090$1,817,345
26$3,363,987$1,200,632$257,345$1,906,010
27$3,532,186$1,262,866$270,212$1,999,108
28$3,708,796$1,328,212$283,723$2,096,861
29$3,894,236$1,396,824$297,909$2,199,502
30$4,088,947$1,468,868$312,804$2,307,275
Total$66,000,000$23,098,717$5,048,999$37,852,285

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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.