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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 $67,000,000 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, Dec 7, 2016
Jackpot:$67,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$252,112$78,155$678,180
2$1,058,868$264,717$82,062$712,089
3$1,111,812$277,953$86,165$747,693
4$1,167,403$291,851$90,474$785,078
5$1,225,773$306,443$94,997$824,332
6$1,287,061$321,765$99,747$865,549
7$1,351,414$337,854$104,735$908,826
8$1,418,985$354,746$109,971$954,267
9$1,489,934$372,484$115,470$1,001,981
10$1,564,431$391,108$121,243$1,052,080
11$1,642,653$410,663$127,306$1,104,684
12$1,724,785$431,196$133,671$1,159,918
13$1,811,024$452,756$140,354$1,217,914
14$1,901,576$475,394$147,372$1,278,810
15$1,996,654$499,164$154,741$1,342,750
16$2,096,487$524,122$162,478$1,409,888
17$2,201,311$550,328$170,602$1,480,382
18$2,311,377$577,844$179,132$1,554,401
19$2,426,946$606,736$188,088$1,632,121
20$2,548,293$637,073$197,493$1,713,727
21$2,675,708$668,927$207,367$1,799,414
22$2,809,493$702,373$217,736$1,889,384
23$2,949,968$737,492$228,623$1,983,853
24$3,097,466$774,367$240,054$2,083,046
25$3,252,340$813,085$252,056$2,187,198
26$3,414,957$853,739$264,659$2,296,558
27$3,585,704$896,426$277,892$2,411,386
28$3,764,990$941,247$291,787$2,531,956
29$3,953,239$988,310$306,376$2,658,553
30$4,150,901$1,037,725$321,695$2,791,481
Total$67,000,000$16,750,000$5,192,500$45,057,500
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