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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

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The tax information provided here is based on 2022 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 $55,000,000 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 prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$63,329$495,248
2$869,220$284,567$66,495$518,158
3$912,681$300,647$69,820$542,214
4$958,315$317,532$73,311$567,473
5$1,006,231$335,261$76,977$593,994
6$1,056,543$353,876$80,826$621,841
7$1,109,370$373,422$84,867$651,081
8$1,164,838$393,945$89,110$681,783
9$1,223,080$415,495$93,566$714,020
10$1,284,234$438,122$98,244$747,869
11$1,348,446$461,880$103,156$783,410
12$1,415,868$486,826$108,314$820,728
13$1,486,662$513,020$113,730$859,912
14$1,560,995$540,523$119,416$901,056
15$1,639,045$569,402$125,387$944,256
16$1,720,997$599,724$131,656$989,617
17$1,807,047$631,562$138,239$1,037,245
18$1,897,399$664,993$145,151$1,087,255
19$1,992,269$700,095$152,409$1,139,766
20$2,091,882$736,952$160,029$1,194,902
21$2,196,477$775,651$168,030$1,252,795
22$2,306,300$816,286$176,432$1,313,582
23$2,421,615$858,953$185,254$1,377,409
24$2,542,696$903,753$194,516$1,444,427
25$2,669,831$950,792$204,242$1,514,796
26$2,803,323$1,000,184$214,454$1,588,684
27$2,943,489$1,052,046$225,177$1,666,266
28$3,090,663$1,106,500$236,436$1,747,727
29$3,245,196$1,163,678$248,258$1,833,261
30$3,407,456$1,223,714$260,670$1,923,072
Total$55,000,000$19,238,653$4,207,501$31,553,847

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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.