USA Mega

Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Aug 22, 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 $33,000,000 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, Aug 22, 2023
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$37,997$314,481
2$521,532$152,911$39,897$328,724
3$547,609$162,038$41,892$343,679
4$574,989$171,621$43,987$359,382
5$603,739$181,683$46,186$375,869
6$633,926$192,740$48,495$392,690
7$665,622$204,468$50,920$410,234
8$698,903$216,782$53,466$428,655
9$733,848$229,712$56,139$447,997
10$770,541$243,288$58,946$468,306
11$809,068$257,543$61,894$489,631
12$849,521$272,511$64,988$512,022
13$891,997$288,227$68,238$535,533
14$936,597$304,729$71,650$560,219
15$983,427$322,056$75,232$586,139
16$1,032,598$340,249$78,994$613,355
17$1,084,228$359,352$82,943$641,932
18$1,138,439$379,410$87,091$671,938
19$1,195,361$400,471$91,445$703,445
20$1,255,129$422,586$96,017$736,526
21$1,317,886$445,806$100,818$771,262
22$1,383,780$470,186$105,859$807,735
23$1,452,969$495,786$111,152$846,031
24$1,525,618$522,666$116,710$886,242
25$1,601,899$550,890$122,545$928,463
26$1,681,994$580,525$128,673$972,796
27$1,766,093$611,642$135,106$1,019,345
28$1,854,398$644,315$141,861$1,068,221
29$1,947,118$678,621$148,955$1,119,542
30$2,044,474$714,643$156,402$1,173,428
Total$33,000,000$10,961,676$2,524,498$19,513,822

◄ 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.