USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Dec 30, 2022

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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 $685,000,000 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 30, 2022
Jackpot:$685,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,310,233$3,771,806$788,733$5,749,694
2$10,825,745$3,962,546$828,169$6,035,029
3$11,367,032$4,162,822$869,578$6,334,632
4$11,935,384$4,373,112$913,057$6,649,215
5$12,532,152$4,593,917$958,710$6,979,526
6$13,158,760$4,825,762$1,006,645$7,326,354
7$13,816,699$5,069,199$1,056,977$7,690,522
8$14,507,533$5,324,808$1,109,826$8,072,900
9$15,232,910$5,593,197$1,165,318$8,474,396
10$15,994,555$5,875,006$1,223,583$8,895,966
11$16,794,283$6,170,905$1,284,763$9,338,616
12$17,633,997$6,481,599$1,349,001$9,803,397
13$18,515,697$6,807,828$1,416,451$10,291,418
14$19,441,482$7,150,369$1,487,273$10,803,840
15$20,413,556$7,510,036$1,561,637$11,341,883
16$21,434,234$7,887,687$1,639,719$11,906,828
17$22,505,946$8,284,220$1,721,705$12,500,021
18$23,631,243$8,700,580$1,807,790$13,122,873
19$24,812,805$9,137,758$1,898,180$13,776,867
20$26,053,445$9,596,795$1,993,089$14,463,562
21$27,356,118$10,078,784$2,092,743$15,184,591
22$28,723,923$10,584,872$2,197,380$15,941,671
23$30,160,120$11,116,265$2,307,249$16,736,606
24$31,668,125$11,674,227$2,422,612$17,571,287
25$33,251,532$12,260,087$2,543,742$18,447,703
26$34,914,109$12,875,241$2,670,929$19,367,939
27$36,659,814$13,521,152$2,804,476$20,334,187
28$38,492,804$14,199,358$2,944,700$21,348,747
29$40,417,445$14,911,475$3,091,935$22,414,035
30$42,438,317$15,659,198$3,246,531$23,532,588
Total$685,000,001$252,160,611$52,402,501$380,436,893

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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.