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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 $189,000,000 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 17, 2016
Jackpot:$189,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,844,721$711,180$220,466$1,913,075
2$2,986,957$746,739$231,489$2,008,729
3$3,136,305$784,076$243,064$2,109,165
4$3,293,121$823,280$255,217$2,214,624
5$3,457,776$864,444$267,978$2,325,355
6$3,630,665$907,666$281,377$2,441,622
7$3,812,199$953,050$295,445$2,563,704
8$4,002,809$1,000,702$310,218$2,691,889
9$4,202,949$1,050,737$325,729$2,826,483
10$4,413,096$1,103,274$342,015$2,967,807
11$4,633,751$1,158,438$359,116$3,116,198
12$4,865,439$1,216,360$377,072$3,272,008
13$5,108,711$1,277,178$395,925$3,435,608
14$5,364,146$1,341,037$415,721$3,607,388
15$5,632,353$1,408,088$436,507$3,787,758
16$5,913,971$1,478,493$458,333$3,977,146
17$6,209,670$1,552,417$481,249$4,176,003
18$6,520,153$1,630,038$505,312$4,384,803
19$6,846,161$1,711,540$530,577$4,604,043
20$7,188,469$1,797,117$557,106$4,834,245
21$7,547,892$1,886,973$584,962$5,075,958
22$7,925,287$1,981,322$614,210$5,329,755
23$8,321,551$2,080,388$644,920$5,596,243
24$8,737,629$2,184,407$677,166$5,876,055
25$9,174,510$2,293,628$711,025$6,169,858
26$9,633,236$2,408,309$746,576$6,478,351
27$10,114,898$2,528,724$783,905$6,802,269
28$10,620,642$2,655,161$823,100$7,142,382
29$11,151,675$2,787,919$864,255$7,499,501
30$11,709,258$2,927,315$907,468$7,874,476
Total$189,000,000$47,250,000$14,647,500$127,102,500
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