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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Oct 28, 2005

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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 $147,000,000 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, Oct 28, 2005
Jackpot:$147,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,212,561$774,605$169,261$1,268,695
2$2,323,189$815,537$177,724$1,329,928
3$2,439,348$858,516$186,610$1,394,222
4$2,561,316$903,644$195,941$1,461,731
5$2,689,382$951,028$205,738$1,532,615
6$2,823,851$1,000,782$216,025$1,607,044
7$2,965,043$1,053,023$226,826$1,685,194
8$3,113,296$1,107,877$238,167$1,767,252
9$3,268,960$1,165,473$250,075$1,853,412
10$3,432,408$1,225,948$262,579$1,943,881
11$3,604,029$1,289,448$275,708$2,038,873
12$3,784,230$1,356,122$289,494$2,138,614
13$3,973,442$1,426,131$303,968$2,243,343
14$4,172,114$1,499,639$319,167$2,353,308
15$4,380,719$1,576,823$335,125$2,468,771
16$4,599,755$1,657,867$351,881$2,590,007
17$4,829,743$1,742,962$369,475$2,717,306
18$5,071,230$1,832,312$387,949$2,850,969
19$5,324,792$1,926,130$407,347$2,991,315
20$5,591,031$2,024,639$427,714$3,138,679
21$5,870,583$2,128,073$449,100$3,293,410
22$6,164,112$2,236,679$471,555$3,455,879
23$6,472,318$2,350,715$495,132$3,626,471
24$6,795,933$2,470,453$519,889$3,805,592
25$7,135,730$2,596,177$545,883$3,993,669
26$7,492,517$2,728,188$573,178$4,191,151
27$7,867,143$2,866,800$601,836$4,398,506
28$8,260,500$3,012,342$631,928$4,616,229
29$8,673,525$3,165,161$663,525$4,844,839
30$9,107,201$3,325,622$696,701$5,084,878
Total$147,000,000$53,068,716$11,245,501$82,685,783

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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.