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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 2024 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 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$626,471$138,172$1,041,529
2$1,896,481$659,886$145,081$1,091,514
3$1,991,305$694,971$152,335$1,143,999
4$2,090,870$731,810$159,952$1,199,109
5$2,195,414$770,491$167,949$1,256,974
6$2,305,184$811,106$176,347$1,317,732
7$2,420,444$853,752$185,164$1,381,528
8$2,541,466$898,530$194,422$1,448,514
9$2,668,539$945,547$204,143$1,518,849
10$2,801,966$994,915$214,350$1,592,700
11$2,942,064$1,046,752$225,068$1,670,245
12$3,089,167$1,101,180$236,321$1,751,666
13$3,243,626$1,158,329$248,137$1,837,159
14$3,405,807$1,218,336$260,544$1,926,926
15$3,576,097$1,281,344$273,571$2,021,182
16$3,754,902$1,347,502$287,250$2,120,151
17$3,942,647$1,416,967$301,613$2,224,068
18$4,139,780$1,489,906$316,693$2,333,180
19$4,346,769$1,566,492$332,528$2,447,749
20$4,564,107$1,646,907$349,154$2,568,046
21$4,792,313$1,731,343$366,612$2,694,357
22$5,031,928$1,820,001$384,943$2,826,985
23$5,283,525$1,913,092$404,190$2,966,243
24$5,547,701$2,010,837$424,399$3,112,465
25$5,825,086$2,113,470$445,619$3,265,997
26$6,116,340$2,221,234$467,900$3,427,207
27$6,422,157$2,334,386$491,295$3,596,476
28$6,743,265$2,453,196$515,860$3,774,209
29$7,080,428$2,577,946$541,653$3,960,829
30$7,434,450$2,708,934$568,735$4,156,780
Total$120,000,000$43,145,633$9,180,000$67,674,368

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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.