USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jun 23, 2023

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

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 $320,000,000 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, Jun 23, 2023
Jackpot:$320,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,816,459$1,740,278$368,459$2,707,722
2$5,057,282$1,829,382$386,882$2,841,018
3$5,310,146$1,922,942$406,226$2,980,978
4$5,575,654$2,021,180$426,538$3,127,937
5$5,854,436$2,124,329$447,864$3,282,243
6$6,147,158$2,232,636$470,258$3,444,264
7$6,454,516$2,346,359$493,770$3,614,387
8$6,777,242$2,465,767$518,459$3,793,016
9$7,116,104$2,591,146$544,382$3,980,576
10$7,471,909$2,722,794$571,601$4,177,514
11$7,845,505$2,861,024$600,181$4,384,299
12$8,237,780$3,006,166$630,190$4,601,423
13$8,649,669$3,158,565$661,700$4,829,404
14$9,082,152$3,318,584$694,785$5,068,784
15$9,536,260$3,486,604$729,524$5,320,132
16$10,013,073$3,663,025$766,000$5,584,048
17$10,513,726$3,848,267$804,300$5,861,160
18$11,039,413$4,042,770$844,515$6,152,127
19$11,591,383$4,247,000$886,741$6,457,643
20$12,170,953$4,461,440$931,078$6,778,435
21$12,779,500$4,686,603$977,632$7,115,266
22$13,418,475$4,923,024$1,026,513$7,468,938
23$14,089,399$5,171,265$1,077,839$7,840,295
24$14,793,869$5,431,919$1,131,731$8,230,219
25$15,533,562$5,705,606$1,188,318$8,639,639
26$16,310,241$5,992,977$1,247,733$9,069,530
27$17,125,753$6,294,716$1,310,120$9,520,916
28$17,982,040$6,611,543$1,375,626$9,994,871
29$18,881,142$6,944,210$1,444,407$10,492,524
30$19,825,199$7,293,512$1,516,628$11,015,060
Total$320,000,001$117,145,633$24,480,000$178,374,368

◄ 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.