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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,347,302$493,966$3,615,798
2$6,779,919$2,466,758$518,664$3,794,497
3$7,118,915$2,592,186$544,597$3,982,132
4$7,474,861$2,723,886$571,827$4,179,148
5$7,848,603$2,862,171$600,418$4,386,014
6$8,241,034$3,007,370$630,439$4,603,224
7$8,653,086$3,159,829$661,961$4,831,295
8$9,085,740$3,319,912$695,059$5,070,769
9$9,540,027$3,487,998$729,812$5,322,217
10$10,017,028$3,664,488$766,303$5,586,237
11$10,517,880$3,849,803$804,618$5,863,459
12$11,043,774$4,044,384$844,849$6,154,541
13$11,595,962$4,248,694$887,091$6,460,177
14$12,175,760$4,463,219$931,446$6,781,096
15$12,784,548$4,688,471$978,018$7,118,060
16$13,423,776$4,924,985$1,026,919$7,471,872
17$14,094,964$5,173,325$1,078,265$7,843,375
18$14,799,713$5,434,081$1,132,178$8,233,453
19$15,539,698$5,707,876$1,188,787$8,643,035
20$16,316,683$5,995,361$1,248,226$9,073,097
21$17,132,517$6,297,219$1,310,638$9,524,661
22$17,989,143$6,614,171$1,376,169$9,998,803
23$18,888,601$6,946,970$1,444,978$10,496,653
24$19,833,030$7,296,409$1,517,227$11,019,395
25$20,824,682$7,663,320$1,593,088$11,568,274
26$21,865,916$8,048,577$1,672,743$12,144,597
27$22,959,212$8,453,096$1,756,380$12,749,736
28$24,107,172$8,877,842$1,844,199$13,385,132
29$25,312,531$9,323,824$1,936,409$14,052,298
30$26,578,158$9,792,106$2,033,229$14,752,823
Total$429,000,001$157,475,633$32,818,503$238,705,868

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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.