USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Oct 25, 2022

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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 $45,000,000 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, Oct 25, 2022
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$208,794$51,815$416,706
2$711,180$221,324$54,405$435,451
3$746,739$234,481$57,126$455,132
4$784,076$248,296$59,982$475,798
5$823,280$262,801$62,981$497,498
6$864,444$278,032$66,130$520,282
7$907,666$294,024$69,436$544,206
8$953,050$310,816$72,908$569,325
9$1,000,702$328,448$76,554$595,701
10$1,050,737$346,961$80,381$623,395
11$1,103,274$366,399$84,400$652,474
12$1,158,438$386,810$88,620$683,008
13$1,216,360$408,241$93,052$715,067
14$1,277,178$430,743$97,704$748,730
15$1,341,037$454,371$102,589$784,076
16$1,408,088$479,180$107,719$821,189
17$1,478,493$505,230$113,105$860,158
18$1,552,417$532,582$118,760$901,075
19$1,630,038$561,302$124,698$944,038
20$1,711,540$591,458$130,933$989,150
21$1,797,117$623,121$137,479$1,036,517
22$1,886,973$656,368$144,353$1,086,252
23$1,981,322$691,277$151,571$1,138,474
24$2,080,388$727,931$159,150$1,193,307
25$2,184,407$766,418$167,107$1,250,882
26$2,293,628$806,830$175,463$1,311,335
27$2,408,309$849,262$184,236$1,374,811
28$2,528,724$893,816$193,447$1,441,461
29$2,655,161$940,597$203,120$1,511,444
30$2,787,919$989,718$213,276$1,584,925
Total$45,000,000$15,395,631$3,442,500$26,161,867

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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.