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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 $50,000,000 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, Aug 24, 2019
Jackpot:$50,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$180,617$57,572$514,383
2$790,200$189,648$60,450$540,102
3$829,710$199,130$63,473$567,107
4$871,196$209,087$66,646$595,462
5$914,756$219,541$69,979$625,235
6$960,493$230,518$73,478$656,497
7$1,008,518$242,044$77,152$689,322
8$1,058,944$254,147$81,009$723,788
9$1,111,891$266,854$85,060$759,978
10$1,167,486$280,197$89,313$797,977
11$1,225,860$294,206$93,778$837,875
12$1,287,153$308,917$98,467$879,769
13$1,351,511$324,363$103,391$923,758
14$1,419,086$340,581$108,560$969,945
15$1,490,041$357,610$113,988$1,018,443
16$1,564,543$375,490$119,688$1,069,365
17$1,642,770$394,265$125,672$1,122,833
18$1,724,908$413,978$131,955$1,178,975
19$1,811,154$434,677$138,553$1,237,924
20$1,901,711$456,411$145,481$1,299,820
21$1,996,797$479,231$152,755$1,364,811
22$2,096,637$503,193$160,393$1,433,051
23$2,201,469$528,352$168,412$1,504,704
24$2,311,542$554,770$176,833$1,579,939
25$2,427,119$582,509$185,675$1,658,936
26$2,548,475$611,634$194,958$1,741,883
27$2,675,899$642,216$204,706$1,828,977
28$2,809,694$674,327$214,942$1,920,426
29$2,950,178$708,043$225,689$2,016,447
30$3,097,687$743,445$236,973$2,117,269
Total$50,000,000$12,000,000$3,825,000$34,175,000
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