USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$1,539,468$11,175,551
2$21,129,957$7,781,039$1,616,442$11,732,476
3$22,186,455$8,171,943$1,697,264$12,317,248
4$23,295,778$8,582,393$1,782,127$12,931,258
5$24,460,566$9,013,364$1,871,233$13,575,968
6$25,683,595$9,465,885$1,964,795$14,252,915
7$26,967,775$9,941,032$2,063,035$14,963,709
8$28,316,164$10,439,936$2,166,187$15,710,042
9$29,731,972$10,963,785$2,274,496$16,493,692
10$31,218,570$11,513,826$2,388,221$17,316,524
11$32,779,499$12,091,370$2,507,632$18,180,498
12$34,418,474$12,697,790$2,633,013$19,087,670
13$36,139,397$13,334,532$2,764,664$20,040,201
14$37,946,368$14,003,111$2,902,897$21,040,360
15$39,843,686$14,705,119$3,048,042$22,090,525
16$41,835,870$15,442,227$3,200,444$23,193,199
17$43,927,663$16,216,190$3,360,466$24,351,007
18$46,124,047$17,028,852$3,528,490$25,566,705
19$48,430,249$17,882,147$3,704,914$26,843,188
20$50,851,761$18,778,107$3,890,160$28,183,495
21$53,394,349$19,718,864$4,084,668$29,590,817
22$56,064,067$20,706,660$4,288,901$31,068,506
23$58,867,270$21,743,845$4,503,346$32,620,079
24$61,810,633$22,832,889$4,728,513$34,249,230
25$64,901,165$23,976,386$4,964,939$35,959,840
26$68,146,224$25,177,058$5,213,186$37,755,980
27$71,553,535$26,437,763$5,473,845$39,641,927
28$75,131,211$27,761,503$5,747,538$41,622,170
29$78,887,772$29,151,431$6,034,915$43,701,427
30$82,832,161$30,610,855$6,336,660$45,884,646
Total$1,337,000,003$493,578,651$102,280,501$741,140,853

◄ Back to Jackpot Analysis

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.