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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 $80,000,000 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, May 25, 2016
Jackpot:$80,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$301,029$93,319$809,767
2$1,264,321$316,080$97,985$850,256
3$1,327,537$331,884$102,884$892,768
4$1,393,913$348,478$108,028$937,407
5$1,463,609$365,902$113,430$984,277
6$1,536,790$384,197$119,101$1,033,491
7$1,613,629$403,407$125,056$1,085,166
8$1,694,310$423,578$131,309$1,139,424
9$1,779,026$444,757$137,875$1,196,395
10$1,867,977$466,994$144,768$1,256,215
11$1,961,376$490,344$152,007$1,319,025
12$2,059,445$514,861$159,607$1,384,977
13$2,162,417$540,604$167,587$1,454,226
14$2,270,538$567,635$175,967$1,526,937
15$2,384,065$596,016$184,765$1,603,284
16$2,503,268$625,817$194,003$1,683,448
17$2,628,432$657,108$203,703$1,767,620
18$2,759,853$689,963$213,889$1,856,001
19$2,897,846$724,461$224,583$1,948,801
20$3,042,738$760,685$235,812$2,046,241
21$3,194,875$798,719$247,603$2,148,553
22$3,354,619$838,655$259,983$2,255,981
23$3,522,350$880,587$272,982$2,368,780
24$3,698,467$924,617$286,631$2,487,219
25$3,883,391$970,848$300,963$2,611,580
26$4,077,560$1,019,390$316,011$2,742,159
27$4,281,438$1,070,360$331,811$2,879,267
28$4,495,510$1,123,878$348,402$3,023,230
29$4,720,286$1,180,071$365,822$3,174,392
30$4,956,300$1,239,075$384,113$3,333,112
Total$80,000,000$20,000,000$6,200,000$53,800,000
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