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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 2024

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The tax information provided here is based on 2025 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 $262,000,000 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, Jan 23, 2024
Jackpot:$262,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,943,476$1,416,106$301,676$2,225,694
2$4,140,650$1,489,061$316,760$2,334,829
3$4,347,682$1,565,663$332,598$2,449,422
4$4,565,067$1,646,095$349,228$2,569,744
5$4,793,320$1,730,549$366,689$2,696,082
6$5,032,986$1,819,225$385,023$2,828,737
7$5,284,635$1,912,335$404,275$2,968,025
8$5,548,867$2,010,101$424,488$3,114,278
9$5,826,310$2,112,755$445,713$3,267,842
10$6,117,626$2,220,542$467,998$3,429,086
11$6,423,507$2,333,718$491,398$3,598,391
12$6,744,682$2,452,553$515,968$3,776,161
13$7,081,916$2,577,329$541,767$3,962,820
14$7,436,012$2,708,345$568,855$4,158,813
15$7,807,813$2,845,911$597,298$4,364,604
16$8,198,203$2,990,356$627,163$4,580,685
17$8,608,113$3,142,022$658,521$4,807,571
18$9,038,519$3,301,272$691,447$5,045,800
19$9,490,445$3,468,485$726,019$5,295,941
20$9,964,967$3,644,058$762,320$5,558,589
21$10,463,216$3,828,410$800,436$5,834,370
22$10,986,377$4,021,980$840,458$6,123,939
23$11,535,695$4,225,228$882,481$6,427,987
24$12,112,480$4,438,638$926,605$6,747,237
25$12,718,104$4,662,719$972,935$7,082,450
26$13,354,010$4,898,004$1,021,582$7,434,424
27$14,021,710$5,145,053$1,072,661$7,803,996
28$14,722,795$5,404,454$1,126,294$8,192,047
29$15,458,935$5,676,826$1,182,609$8,599,500
30$16,231,882$5,962,817$1,241,739$9,027,326
Total$262,000,001$95,650,610$20,043,004$146,306,390

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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.