USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 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 $47,000,000 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:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$54,117$428,601
2$742,788$237,787$56,823$448,178
3$779,928$251,528$59,664$468,735
4$818,924$265,957$62,648$490,320
5$859,870$281,107$65,780$512,983
6$902,864$297,015$69,069$536,780
7$948,007$313,718$72,523$561,767
8$995,407$331,256$76,149$588,003
9$1,045,178$349,671$79,956$615,551
10$1,097,437$369,007$83,954$644,476
11$1,152,308$389,309$88,152$674,848
12$1,209,924$410,627$92,559$706,738
13$1,270,420$433,010$97,187$740,223
14$1,333,941$456,513$102,046$775,381
15$1,400,638$481,191$107,149$812,298
16$1,470,670$507,103$112,506$851,061
17$1,544,204$534,310$118,132$891,762
18$1,621,414$562,878$124,038$934,498
19$1,702,484$592,874$130,240$979,370
20$1,787,609$624,370$136,752$1,026,486
21$1,876,989$657,441$143,590$1,075,958
22$1,970,839$692,165$150,769$1,127,904
23$2,069,380$728,626$158,308$1,182,447
24$2,172,849$766,909$166,223$1,239,717
25$2,281,492$807,107$174,534$1,299,851
26$2,395,567$849,315$183,261$1,362,991
27$2,515,345$893,633$192,424$1,429,288
28$2,641,112$940,166$202,045$1,498,901
29$2,773,168$989,027$212,147$1,571,993
30$2,911,826$1,040,331$222,755$1,648,741
Total$47,000,000$16,278,650$3,595,500$27,125,850

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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.