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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 $70,000,000 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:  Sat, Oct 1, 2016
Jackpot:$70,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,053,600$263,400$81,654$708,546
2$1,106,280$276,570$85,737$743,974
3$1,161,594$290,399$90,024$781,172
4$1,219,674$304,919$94,525$820,231
5$1,280,658$320,164$99,251$861,242
6$1,344,691$336,173$104,214$904,305
7$1,411,925$352,981$109,424$949,520
8$1,482,522$370,630$114,895$996,996
9$1,556,648$389,162$120,640$1,046,846
10$1,634,480$408,620$126,672$1,099,188
11$1,716,204$429,051$133,006$1,154,147
12$1,802,014$450,504$139,656$1,211,855
13$1,892,115$473,029$146,639$1,272,447
14$1,986,721$496,680$153,971$1,336,070
15$2,086,057$521,514$161,669$1,402,873
16$2,190,360$547,590$169,753$1,473,017
17$2,299,878$574,969$178,241$1,546,668
18$2,414,872$603,718$187,153$1,624,001
19$2,535,615$633,904$196,510$1,705,201
20$2,662,396$665,599$206,336$1,790,461
21$2,795,516$698,879$216,652$1,879,984
22$2,935,291$733,823$227,485$1,973,984
23$3,082,056$770,514$238,859$2,072,683
24$3,236,159$809,040$250,802$2,176,317
25$3,397,967$849,492$263,342$2,285,133
26$3,567,865$891,966$276,510$2,399,389
27$3,746,258$936,565$290,335$2,519,359
28$3,933,571$983,393$304,852$2,645,327
29$4,130,250$1,032,562$320,094$2,777,593
30$4,336,762$1,084,191$336,099$2,916,473
Total$70,000,000$17,500,000$5,425,000$47,075,000
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