USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jul 25, 2023

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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 $820,000,000 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:Tue, Jul 25, 2023
Jackpot:$820,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,342,177$4,524,793$944,177$6,873,207
2$12,959,286$4,753,123$991,385$7,214,777
3$13,607,250$4,992,870$1,040,955$7,573,425
4$14,287,613$5,244,604$1,093,002$7,950,006
5$15,001,993$5,508,925$1,147,652$8,345,415
6$15,752,093$5,786,462$1,205,035$8,760,595
7$16,539,698$6,077,876$1,265,287$9,196,535
8$17,366,682$6,383,860$1,328,551$9,654,271
9$18,235,017$6,705,144$1,394,979$10,134,894
10$19,146,767$7,042,492$1,464,728$10,639,548
11$20,104,106$7,396,707$1,537,964$11,169,435
12$21,109,311$7,768,633$1,614,862$11,725,816
13$22,164,776$8,159,155$1,695,605$12,310,016
14$23,273,015$8,569,203$1,780,386$12,923,426
15$24,436,666$8,999,754$1,869,405$13,567,507
16$25,658,499$9,451,833$1,962,875$14,243,792
17$26,941,424$9,926,515$2,061,019$14,953,890
18$28,288,495$10,424,931$2,164,070$15,699,494
19$29,702,920$10,948,268$2,272,273$16,482,378
20$31,188,066$11,497,772$2,385,887$17,304,407
21$32,747,469$12,074,751$2,505,181$18,167,536
22$34,384,843$12,680,580$2,630,440$19,073,823
23$36,104,085$13,316,699$2,761,963$20,025,423
24$37,909,289$13,984,625$2,900,061$21,024,604
25$39,804,753$14,685,946$3,045,064$22,073,743
26$41,794,992$15,422,335$3,197,317$23,175,340
27$43,884,741$16,195,542$3,357,183$24,332,016
28$46,078,978$17,007,409$3,525,042$25,546,526
29$48,382,927$17,859,871$3,701,294$26,821,762
30$50,802,073$18,754,955$3,886,359$28,160,760
Total$820,000,002$302,145,633$62,730,001$455,124,367

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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.