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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 $304,000,000 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, Feb 23, 2019
Jackpot:$304,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,575,636$1,098,153$350,036$3,127,447
2$4,804,418$1,153,060$367,538$3,283,820
3$5,044,639$1,210,713$385,915$3,448,011
4$5,296,871$1,271,249$405,211$3,620,411
5$5,561,714$1,334,811$425,471$3,801,432
6$5,839,800$1,401,552$446,745$3,991,503
7$6,131,790$1,471,630$469,082$4,191,079
8$6,438,380$1,545,211$492,536$4,400,633
9$6,760,299$1,622,472$517,163$4,620,664
10$7,098,314$1,703,595$543,021$4,851,697
11$7,453,229$1,788,775$570,172$5,094,282
12$7,825,891$1,878,214$598,681$5,348,996
13$8,217,185$1,972,124$628,615$5,616,446
14$8,628,045$2,070,731$660,045$5,897,269
15$9,059,447$2,174,267$693,048$6,192,132
16$9,512,419$2,282,981$727,700$6,501,739
17$9,988,040$2,397,130$764,085$6,826,825
18$10,487,442$2,516,986$802,289$7,168,167
19$11,011,814$2,642,835$842,404$7,526,575
20$11,562,405$2,774,977$884,524$7,902,904
21$12,140,525$2,913,726$928,750$8,298,049
22$12,747,551$3,059,412$975,188$8,712,951
23$13,384,929$3,212,383$1,023,947$9,148,599
24$14,054,175$3,373,002$1,075,144$9,606,029
25$14,756,884$3,541,652$1,128,902$10,086,330
26$15,494,729$3,718,735$1,185,347$10,590,647
27$16,269,465$3,904,672$1,244,614$11,120,179
28$17,082,938$4,099,905$1,306,845$11,676,188
29$17,937,085$4,304,900$1,372,187$12,259,998
30$18,833,939$4,520,145$1,440,796$12,872,998
Total$304,000,001$72,960,000$23,256,000$207,784,000
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