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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 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 $162,000,000 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, Sep 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$186,532$1,391,429
2$2,560,249$905,480$195,859$1,458,910
3$2,688,262$952,845$205,652$1,529,765
4$2,822,675$1,002,577$215,935$1,604,163
5$2,963,808$1,054,797$226,731$1,682,280
6$3,111,999$1,109,627$238,068$1,764,304
7$3,267,599$1,167,199$249,971$1,850,428
8$3,430,979$1,227,650$262,470$1,940,859
9$3,602,528$1,291,123$275,593$2,035,811
10$3,782,654$1,357,770$289,373$2,135,511
11$3,971,787$1,427,749$303,842$2,240,196
12$4,170,376$1,501,227$319,034$2,350,115
13$4,378,895$1,578,379$334,985$2,465,531
14$4,597,840$1,659,388$351,735$2,586,716
15$4,827,732$1,744,448$369,321$2,713,962
16$5,069,118$1,833,761$387,788$2,847,569
17$5,322,574$1,927,540$407,177$2,987,857
18$5,588,703$2,026,008$427,536$3,135,159
19$5,868,138$2,129,399$448,913$3,289,827
20$6,161,545$2,237,959$471,358$3,452,227
21$6,469,622$2,351,948$494,926$3,622,748
22$6,793,103$2,471,636$519,672$3,801,795
23$7,132,758$2,597,308$545,656$3,989,794
24$7,489,396$2,729,264$572,939$4,187,193
25$7,863,866$2,867,818$601,586$4,394,462
26$8,257,059$3,013,300$631,665$4,612,095
27$8,669,912$3,166,055$663,248$4,840,609
28$9,103,408$3,326,449$696,411$5,080,548
29$9,558,578$3,494,862$731,231$5,332,485
30$10,036,507$3,671,695$767,793$5,597,019
Total$162,000,000$58,685,632$12,393,000$90,921,367

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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.