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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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, Sep 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$520,660$116,295$883,240
2$1,596,205$548,783$122,110$925,312
3$1,676,015$578,313$128,215$969,487
4$1,759,816$609,320$134,626$1,015,870
5$1,847,806$641,876$141,357$1,064,573
6$1,940,197$676,061$148,425$1,115,711
7$2,037,207$711,954$155,846$1,169,406
8$2,139,067$749,643$163,639$1,225,786
9$2,246,020$789,215$171,821$1,284,984
10$2,358,321$830,767$180,412$1,347,143
11$2,476,237$874,396$189,432$1,412,410
12$2,600,049$920,206$198,904$1,480,940
13$2,730,052$968,307$208,849$1,552,896
14$2,866,554$1,018,813$219,291$1,628,450
15$3,009,882$1,071,844$230,256$1,707,782
16$3,160,376$1,127,527$241,769$1,791,080
17$3,318,395$1,185,994$253,857$1,878,544
18$3,484,315$1,247,384$266,550$1,970,380
19$3,658,530$1,311,844$279,878$2,066,809
20$3,841,457$1,379,527$293,871$2,168,059
21$4,033,530$1,450,594$308,565$2,274,371
22$4,235,206$1,525,214$323,993$2,385,999
23$4,446,967$1,603,565$340,193$2,503,208
24$4,669,315$1,685,834$357,203$2,626,278
25$4,902,781$1,772,217$375,063$2,755,501
26$5,147,920$1,862,918$393,816$2,891,186
27$5,405,316$1,958,155$413,507$3,033,654
28$5,675,581$2,058,153$434,182$3,183,247
29$5,959,360$2,163,151$455,891$3,340,318
30$6,257,329$2,273,399$478,686$3,505,244
Total$101,000,000$36,115,634$7,726,502$57,157,868

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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.