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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

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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 $120,000,000 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, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$138,172$1,036,761
2$1,896,481$664,653$145,081$1,086,747
3$1,991,305$699,738$152,335$1,139,232
4$2,090,870$736,577$159,952$1,194,342
5$2,195,414$775,258$167,949$1,252,206
6$2,305,184$815,873$176,347$1,312,964
7$2,420,444$858,519$185,164$1,376,761
8$2,541,466$903,297$194,422$1,443,746
9$2,668,539$950,314$204,143$1,514,081
10$2,801,966$999,682$214,350$1,587,933
11$2,942,064$1,051,519$225,068$1,665,478
12$3,089,167$1,105,947$236,321$1,746,899
13$3,243,626$1,163,097$248,137$1,832,392
14$3,405,807$1,223,104$260,544$1,922,159
15$3,576,097$1,286,111$273,571$2,016,415
16$3,754,902$1,352,269$287,250$2,115,383
17$3,942,647$1,421,735$301,613$2,219,300
18$4,139,780$1,494,674$316,693$2,328,413
19$4,346,769$1,571,259$332,528$2,442,982
20$4,564,107$1,651,675$349,154$2,563,278
21$4,792,313$1,736,111$366,612$2,689,590
22$5,031,928$1,824,768$384,943$2,822,217
23$5,283,525$1,917,859$404,190$2,961,476
24$5,547,701$2,015,604$424,399$3,107,697
25$5,825,086$2,118,237$445,619$3,261,230
26$6,116,340$2,226,001$467,900$3,422,439
27$6,422,157$2,339,153$491,295$3,591,709
28$6,743,265$2,457,963$515,860$3,769,442
29$7,080,428$2,582,713$541,653$3,956,062
30$7,434,450$2,713,701$568,735$4,152,013
Total$120,000,000$43,288,650$9,180,000$67,531,347

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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.