USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Aug 6, 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 $20,000,000 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, Aug 6, 2013
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,113$23,029$198,887
2$316,080$84,381$24,180$207,519
3$331,884$89,912$25,389$216,583
4$348,478$95,720$26,659$226,099
5$365,902$101,819$27,992$236,092
6$384,197$108,222$29,391$246,584
7$403,407$114,946$30,861$257,601
8$423,578$122,005$32,404$269,169
9$444,757$129,418$34,024$281,315
10$466,994$137,201$35,725$294,068
11$490,344$145,373$37,511$307,459
12$514,861$153,954$39,387$321,520
13$540,604$162,979$41,356$336,269
14$567,635$172,980$43,424$351,231
15$596,016$183,481$45,595$366,940
16$625,817$194,507$47,875$383,435
17$657,108$206,085$50,269$400,754
18$689,963$218,241$52,782$418,940
19$724,461$231,006$55,421$438,034
20$760,685$244,408$58,192$458,084
21$798,719$258,481$61,102$479,136
22$838,655$273,257$64,157$501,240
23$880,587$288,772$67,365$524,450
24$924,617$305,063$70,733$548,820
25$970,848$322,169$74,270$574,409
26$1,019,390$340,129$77,983$601,277
27$1,070,360$358,988$81,883$629,489
28$1,123,878$378,790$85,977$659,111
29$1,180,071$399,581$90,275$690,215
30$1,239,075$421,413$94,789$722,873
Total$20,000,000$6,322,394$1,530,000$12,147,603

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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.