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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for May 29, 2020

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The tax information provided here is based on 2021 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 $336,000,000 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, May 29, 2020
Jackpot:$336,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,057,282$1,835,267$386,882$2,835,133
2$5,310,146$1,928,826$406,226$2,975,094
3$5,575,654$2,027,064$426,537$3,122,052
4$5,854,436$2,130,214$447,864$3,276,358
5$6,147,158$2,238,521$470,258$3,438,380
6$6,454,516$2,352,243$493,770$3,608,502
7$6,777,242$2,471,652$518,459$3,787,131
8$7,116,104$2,597,031$544,382$3,974,691
9$7,471,909$2,728,679$571,601$4,171,629
10$7,845,505$2,866,909$600,181$4,378,415
11$8,237,780$3,012,051$630,190$4,595,539
12$8,649,669$3,164,450$661,700$4,823,519
13$9,082,152$3,324,469$694,785$5,062,899
14$9,536,260$3,492,488$729,524$5,314,248
15$10,013,073$3,668,909$766,000$5,578,164
16$10,513,727$3,854,151$804,300$5,855,275
17$11,039,413$4,048,655$844,515$6,146,243
18$11,591,383$4,252,884$886,741$6,451,758
19$12,170,953$4,467,325$931,078$6,772,550
20$12,779,500$4,692,487$977,632$7,109,381
21$13,418,475$4,928,908$1,026,513$7,463,054
22$14,089,399$5,177,150$1,077,839$7,834,410
23$14,793,869$5,437,804$1,131,731$8,224,334
24$15,533,562$5,711,490$1,188,318$8,633,754
25$16,310,240$5,998,861$1,247,733$9,063,646
26$17,125,753$6,300,601$1,310,120$9,515,032
27$17,982,040$6,617,427$1,375,626$9,988,987
28$18,881,142$6,950,095$1,444,407$10,486,640
29$19,825,199$7,299,396$1,516,628$11,009,175
30$20,816,459$7,666,162$1,592,459$11,557,838
Total$336,000,001$123,242,169$25,703,999$187,053,831

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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.