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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$414,517$3,042,129
2$5,689,443$2,062,114$435,242$3,192,086
3$5,973,915$2,167,369$457,004$3,349,541
4$6,272,610$2,277,886$479,855$3,514,870
5$6,586,241$2,393,929$503,847$3,688,464
6$6,915,553$2,515,775$529,040$3,870,738
7$7,261,331$2,643,713$555,492$4,062,126
8$7,624,397$2,778,047$583,266$4,263,084
9$8,005,617$2,919,099$612,430$4,474,089
10$8,405,898$3,067,202$643,051$4,695,644
11$8,826,193$3,222,712$675,204$4,928,277
12$9,267,502$3,385,996$708,964$5,172,542
13$9,730,877$3,557,445$744,412$5,429,020
14$10,217,421$3,737,466$781,633$5,698,322
15$10,728,292$3,926,488$820,714$5,981,090
16$11,264,707$4,124,962$861,750$6,277,995
17$11,827,942$4,333,359$904,838$6,589,746
18$12,419,339$4,552,176$950,079$6,917,084
19$13,040,306$4,781,934$997,583$7,260,789
20$13,692,322$5,023,179$1,047,463$7,621,680
21$14,376,938$5,276,487$1,099,836$8,000,615
22$15,095,785$5,542,461$1,154,828$8,398,497
23$15,850,574$5,821,733$1,212,569$8,816,272
24$16,643,102$6,114,968$1,273,197$9,254,937
25$17,475,258$6,422,866$1,336,857$9,715,535
26$18,349,021$6,746,158$1,403,700$10,199,163
27$19,266,472$7,085,615$1,473,885$10,706,972
28$20,229,795$7,442,044$1,547,579$11,240,171
29$21,241,285$7,816,296$1,624,958$11,800,031
30$22,303,349$8,209,259$1,706,206$12,387,884
Total$360,000,001$131,910,609$27,539,999$200,549,393

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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.