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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$298,222$2,194,766
2$4,093,238$1,477,453$313,133$2,302,652
3$4,297,900$1,553,178$328,789$2,415,932
4$4,512,795$1,632,689$345,229$2,534,877
5$4,738,434$1,716,176$362,490$2,659,768
6$4,975,356$1,803,837$380,615$2,790,905
7$5,224,124$1,895,881$399,645$2,928,598
8$5,485,330$1,992,527$419,628$3,073,175
9$5,759,597$2,094,006$440,609$3,224,982
10$6,047,576$2,200,558$462,640$3,384,379
11$6,349,955$2,312,438$485,772$3,551,745
12$6,667,453$2,429,913$510,060$3,727,480
13$7,000,826$2,553,261$535,563$3,912,002
14$7,350,867$2,682,776$562,341$4,105,750
15$7,718,410$2,818,767$590,458$4,309,185
16$8,104,331$2,961,557$619,981$4,522,792
17$8,509,547$3,111,488$650,980$4,747,079
18$8,935,025$3,268,914$683,529$4,982,581
19$9,381,776$3,434,212$717,706$5,229,858
20$9,850,865$3,607,775$753,591$5,489,499
21$10,343,408$3,790,016$791,271$5,762,121
22$10,860,578$3,981,369$830,834$6,048,375
23$11,403,607$4,182,290$872,376$6,348,942
24$11,973,788$4,393,256$915,995$6,664,536
25$12,572,477$4,614,771$961,794$6,995,911
26$13,201,101$4,847,362$1,009,884$7,343,854
27$13,861,156$5,091,583$1,060,378$7,709,195
28$14,554,214$5,348,014$1,113,397$8,092,802
29$15,281,924$5,617,267$1,169,067$8,495,590
30$16,046,021$5,899,983$1,227,521$8,918,517
Total$259,000,001$94,718,651$19,813,498$144,467,848

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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.