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Wisconsin Mega Millions Jackpot Annuity Payout Schedule for Aug 20, 2024

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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 $498,000,000 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 20, 2024
Jackpot:$498,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,495,615$2,731,565$573,415$4,190,635
2$7,870,395$2,870,234$602,085$4,398,076
3$8,263,915$3,015,836$632,190$4,615,889
4$8,677,111$3,168,719$663,799$4,844,593
5$9,110,966$3,329,245$696,989$5,084,732
6$9,566,515$3,497,798$731,838$5,336,878
7$10,044,841$3,674,779$768,430$5,601,632
8$10,547,083$3,860,608$806,852$5,879,623
9$11,074,437$4,055,729$847,194$6,171,513
10$11,628,159$4,260,606$889,554$6,477,998
11$12,209,567$4,475,727$934,032$6,799,807
12$12,820,045$4,701,604$980,733$7,137,707
13$13,461,047$4,938,775$1,029,770$7,492,502
14$14,134,100$5,187,805$1,081,259$7,865,036
15$14,840,804$5,449,285$1,135,322$8,256,197
16$15,582,845$5,723,840$1,192,088$8,666,917
17$16,361,987$6,012,123$1,251,692$9,098,172
18$17,180,086$6,314,820$1,314,277$9,550,990
19$18,039,090$6,632,651$1,379,990$10,026,449
20$18,941,045$6,966,374$1,448,990$10,525,681
21$19,888,097$7,316,784$1,521,439$11,049,874
22$20,882,502$7,684,714$1,597,511$11,600,277
23$21,926,627$8,071,040$1,677,387$12,178,200
24$23,022,958$8,476,682$1,761,256$12,785,020
25$24,174,106$8,902,607$1,849,319$13,422,180
26$25,382,812$9,349,828$1,941,785$14,091,199
27$26,651,953$9,819,410$2,038,874$14,793,668
28$27,984,550$10,312,471$2,140,818$15,531,261
29$29,383,777$10,830,185$2,247,859$16,305,733
30$30,852,967$11,373,785$2,360,252$17,118,929
Total$498,000,001$183,005,629$38,096,999$276,897,368

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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.