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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 $157,000,000 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, Feb 10, 2016
Jackpot:$157,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,363,075$590,769$183,138$1,589,168
2$2,481,229$620,307$192,295$1,668,627
3$2,605,290$651,323$201,910$1,752,058
4$2,735,555$683,889$212,006$1,839,661
5$2,872,333$718,083$222,606$1,931,644
6$3,015,949$753,987$233,736$2,028,226
7$3,166,747$791,687$245,423$2,129,637
8$3,325,084$831,271$257,694$2,236,119
9$3,491,339$872,835$270,579$2,347,925
10$3,665,905$916,476$284,108$2,465,321
11$3,849,201$962,300$298,313$2,588,587
12$4,041,661$1,010,415$313,229$2,718,017
13$4,243,744$1,060,936$328,890$2,853,918
14$4,455,931$1,113,983$345,335$2,996,614
15$4,678,727$1,169,682$362,601$3,146,444
16$4,912,664$1,228,166$380,731$3,303,766
17$5,158,297$1,289,574$399,768$3,468,955
18$5,416,212$1,354,053$419,756$3,642,403
19$5,687,022$1,421,756$440,744$3,824,523
20$5,971,374$1,492,843$462,781$4,015,749
21$6,269,942$1,567,486$485,921$4,216,536
22$6,583,439$1,645,860$510,217$4,427,363
23$6,912,611$1,728,153$535,727$4,648,731
24$7,258,242$1,814,560$562,514$4,881,168
25$7,621,154$1,905,288$590,639$5,125,226
26$8,002,212$2,000,553$620,171$5,381,487
27$8,402,322$2,100,581$651,180$5,650,562
28$8,822,438$2,205,610$683,739$5,933,090
29$9,263,560$2,315,890$717,926$6,229,744
30$9,726,738$2,431,685$753,822$6,541,232
Total$157,000,000$39,250,000$12,167,500$105,582,500
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