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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 $125,000,000 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, May 30, 2020
Jackpot:$125,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,881,429$451,543$143,929$1,285,957
2$1,975,501$474,120$151,126$1,350,255
3$2,074,276$497,826$158,682$1,417,768
4$2,177,990$522,718$166,616$1,488,656
5$2,286,889$548,853$174,947$1,563,089
6$2,401,234$576,296$183,694$1,641,243
7$2,521,295$605,111$192,879$1,723,305
8$2,647,360$635,366$202,523$1,809,471
9$2,779,728$667,135$212,649$1,899,944
10$2,918,715$700,491$223,282$1,994,941
11$3,064,650$735,516$234,446$2,094,688
12$3,217,883$772,292$246,168$2,199,423
13$3,378,777$810,906$258,476$2,309,394
14$3,547,716$851,452$271,400$2,424,864
15$3,725,102$894,024$284,970$2,546,107
16$3,911,357$938,726$299,219$2,673,412
17$4,106,924$985,662$314,180$2,807,083
18$4,312,271$1,034,945$329,889$2,947,437
19$4,527,884$1,086,692$346,383$3,094,809
20$4,754,278$1,141,027$363,702$3,249,549
21$4,991,992$1,198,078$381,887$3,412,027
22$5,241,592$1,257,982$400,982$3,582,628
23$5,503,672$1,320,881$421,031$3,761,759
24$5,778,855$1,386,925$442,082$3,949,847
25$6,067,798$1,456,271$464,187$4,147,340
26$6,371,188$1,529,085$487,396$4,354,707
27$6,689,747$1,605,539$511,766$4,572,442
28$7,024,234$1,685,816$537,354$4,801,064
29$7,375,446$1,770,107$564,222$5,041,117
30$7,744,219$1,858,612$592,433$5,293,173
Total$125,000,000$30,000,000$9,562,500$85,437,500
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