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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jul 7, 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 $450,000,000 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, Jul 7, 2023
Jackpot:$450,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,773,146$2,464,252$518,146$3,790,748
2$7,111,803$2,589,555$544,053$3,978,195
3$7,467,393$2,721,123$571,256$4,175,014
4$7,840,763$2,859,270$599,818$4,381,675
5$8,232,801$3,004,324$629,809$4,598,668
6$8,644,441$3,156,631$661,300$4,826,510
7$9,076,663$3,316,553$694,365$5,065,745
8$9,530,496$3,484,471$729,083$5,316,942
9$10,007,021$3,660,786$765,537$5,580,699
10$10,507,372$3,845,915$803,814$5,857,643
11$11,032,741$4,040,302$844,005$6,148,434
12$11,584,378$4,244,408$886,205$6,453,765
13$12,163,597$4,458,719$930,515$6,774,363
14$12,771,777$4,683,745$977,041$7,110,991
15$13,410,365$4,920,023$1,025,893$7,464,449
16$14,080,884$5,168,115$1,077,188$7,835,581
17$14,784,928$5,428,611$1,131,047$8,225,270
18$15,524,174$5,702,132$1,187,599$8,634,443
19$16,300,383$5,989,329$1,246,979$9,064,074
20$17,115,402$6,290,887$1,309,328$9,515,187
21$17,971,172$6,607,521$1,374,795$9,988,856
22$18,869,731$6,939,988$1,443,534$10,486,208
23$19,813,217$7,289,078$1,515,711$11,008,428
24$20,803,878$7,655,623$1,591,497$11,556,759
25$21,844,072$8,040,494$1,671,072$12,132,506
26$22,936,276$8,444,610$1,754,625$12,737,041
27$24,083,090$8,868,931$1,842,356$13,371,802
28$25,287,244$9,314,468$1,934,474$14,038,302
29$26,551,606$9,782,282$2,031,198$14,738,126
30$27,879,187$10,273,487$2,132,758$15,472,942
Total$450,000,001$165,245,633$34,425,001$250,329,366

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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.