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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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The tax information provided here is based on 2025 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 $321,000,000 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:Tue, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,744,679$369,611$2,717,221
2$5,073,086$1,834,062$388,091$2,850,933
3$5,326,740$1,927,914$407,496$2,991,331
4$5,593,078$2,026,459$427,870$3,138,748
5$5,872,731$2,129,931$449,264$3,293,537
6$6,166,368$2,238,576$471,727$3,456,064
7$6,474,687$2,352,654$495,314$3,626,719
8$6,798,421$2,472,436$520,079$3,805,906
9$7,138,342$2,598,207$546,083$3,994,052
10$7,495,259$2,730,266$573,387$4,191,606
11$7,870,022$2,868,928$602,057$4,399,037
12$8,263,523$3,014,524$632,160$4,616,840
13$8,676,699$3,167,399$663,767$4,845,533
14$9,110,534$3,327,918$696,956$5,085,660
15$9,566,061$3,496,463$731,804$5,337,794
16$10,044,364$3,673,435$768,394$5,602,535
17$10,546,582$3,859,256$806,814$5,880,513
18$11,073,911$4,054,367$847,154$6,172,389
19$11,627,606$4,259,235$889,512$6,478,860
20$12,208,987$4,474,345$933,987$6,800,654
21$12,819,436$4,700,212$980,687$7,138,538
22$13,460,408$4,937,371$1,029,721$7,493,316
23$14,133,428$5,186,389$1,081,207$7,865,832
24$14,840,100$5,447,857$1,135,268$8,256,975
25$15,582,105$5,722,399$1,192,031$8,667,675
26$16,361,210$6,010,668$1,251,633$9,098,910
27$17,179,271$6,313,350$1,314,214$9,551,706
28$18,038,234$6,631,167$1,379,925$10,027,142
29$18,940,146$6,964,874$1,448,921$10,526,350
30$19,887,153$7,315,267$1,521,367$11,050,519
Total$321,000,001$117,480,608$24,556,501$178,962,895

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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.