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Powerball Annuity Jackpot Analysis for Wisconsin

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $127,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Wisconsin

Drawing Date:  Wed, Aug 24, 2016
Jackpot:$127,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,911,532$477,883$148,144$1,285,505
2$2,007,109$501,777$155,551$1,349,781
3$2,107,464$526,866$163,328$1,417,270
4$2,212,838$553,209$171,495$1,488,133
5$2,323,479$580,870$180,070$1,562,540
6$2,439,653$609,913$189,073$1,640,667
7$2,561,636$640,409$198,527$1,722,700
8$2,689,718$672,429$208,453$1,808,835
9$2,824,204$706,051$218,876$1,899,277
10$2,965,414$741,353$229,820$1,994,241
11$3,113,685$778,421$241,311$2,093,953
12$3,269,369$817,342$253,376$2,198,651
13$3,432,837$858,209$266,045$2,308,583
14$3,604,479$901,120$279,347$2,424,012
15$3,784,703$946,176$293,314$2,545,213
16$3,973,938$993,485$307,980$2,672,474
17$4,172,635$1,043,159$323,379$2,806,097
18$4,381,267$1,095,317$339,548$2,946,402
19$4,600,330$1,150,083$356,526$3,093,722
20$4,830,347$1,207,587$374,352$3,248,408
21$5,071,864$1,267,966$393,069$3,410,829
22$5,325,457$1,331,364$412,723$3,581,370
23$5,591,730$1,397,933$433,359$3,760,439
24$5,871,317$1,467,829$455,027$3,948,460
25$6,164,883$1,541,221$477,778$4,145,883
26$6,473,127$1,618,282$501,667$4,353,178
27$6,796,783$1,699,196$526,751$4,570,837
28$7,136,622$1,784,156$553,088$4,799,378
29$7,493,453$1,873,363$580,743$5,039,347
30$7,868,126$1,967,031$609,780$5,291,315
Total$127,000,000$31,750,000$9,842,500$85,407,500
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