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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Apr 18, 2006

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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 $265,000,000 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, Apr 18, 2006
Jackpot:$265,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,988,630$1,431,750$305,130$2,251,750
2$4,188,062$1,505,540$320,387$2,362,135
3$4,397,465$1,583,019$336,406$2,478,040
4$4,617,338$1,664,372$353,226$2,599,739
5$4,848,205$1,749,793$370,888$2,727,524
6$5,090,615$1,839,485$389,432$2,861,698
7$5,345,146$1,933,661$408,904$3,002,581
8$5,612,403$2,032,547$429,349$3,150,508
9$5,893,024$2,136,376$450,816$3,305,831
10$6,187,675$2,245,397$473,357$3,468,921
11$6,497,059$2,359,869$497,025$3,640,165
12$6,821,911$2,480,064$521,876$3,819,971
13$7,163,007$2,606,270$547,970$4,008,767
14$7,521,157$2,738,785$575,369$4,207,003
15$7,897,215$2,877,927$604,137$4,415,151
16$8,292,076$3,024,025$634,344$4,633,707
17$8,706,680$3,177,429$666,061$4,863,190
18$9,142,014$3,338,502$699,364$5,104,147
19$9,599,114$3,507,630$734,332$5,357,153
20$10,079,070$3,685,213$771,049$5,622,808
21$10,583,024$3,871,676$809,601$5,901,746
22$11,112,175$4,067,462$850,081$6,194,631
23$11,667,784$4,273,037$892,585$6,502,161
24$12,251,173$4,488,891$937,215$6,825,067
25$12,863,731$4,715,538$984,075$7,164,118
26$13,506,918$4,953,517$1,033,279$7,520,122
27$14,182,264$5,203,395$1,084,943$7,893,926
28$14,891,377$5,465,767$1,139,190$8,286,420
29$15,635,946$5,741,257$1,196,150$8,698,539
30$16,417,743$6,030,522$1,255,957$9,131,264
Total$265,000,001$96,728,716$20,272,498$147,998,783

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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.