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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 $120,000,000 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, Sep 2, 2015
Jackpot:$120,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,139,612$534,903$165,820$1,438,889
2$2,225,196$556,299$172,453$1,496,445
3$2,314,204$578,551$179,351$1,556,302
4$2,406,772$601,693$186,525$1,618,554
5$2,503,043$625,761$193,986$1,683,297
6$2,603,165$650,791$201,745$1,750,628
7$2,707,292$676,823$209,815$1,820,654
8$2,815,583$703,896$218,208$1,893,480
9$2,928,207$732,052$226,936$1,969,219
10$3,045,335$761,334$236,013$2,047,988
11$3,167,148$791,787$245,454$2,129,907
12$3,293,834$823,459$255,272$2,215,104
13$3,425,588$856,397$265,483$2,303,708
14$3,562,611$890,653$276,102$2,395,856
15$3,705,116$926,279$287,146$2,491,690
16$3,853,320$963,330$298,632$2,591,358
17$4,007,453$1,001,863$310,578$2,695,012
18$4,167,751$1,041,938$323,001$2,802,813
19$4,334,461$1,083,615$335,921$2,914,925
20$4,507,840$1,126,960$349,358$3,031,522
21$4,688,153$1,172,038$363,332$3,152,783
22$4,875,679$1,218,920$377,865$3,278,894
23$5,070,706$1,267,677$392,980$3,410,050
24$5,273,535$1,318,384$408,699$3,546,452
25$5,484,476$1,371,119$425,047$3,688,310
26$5,703,855$1,425,964$442,049$3,835,843
27$5,932,009$1,483,002$459,731$3,989,276
28$6,169,290$1,542,322$478,120$4,148,847
29$6,416,061$1,604,015$497,245$4,314,801
30$6,672,704$1,668,176$517,135$4,487,393
Total$120,000,000$30,000,000$9,300,000$80,700,000
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