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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 $122,000,000 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, Jun 26, 2019
Jackpot:$122,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$440,706$140,475$1,255,094
2$1,928,089$462,741$147,499$1,317,849
3$2,024,493$485,878$154,874$1,383,741
4$2,125,718$510,172$162,617$1,452,928
5$2,232,004$535,681$170,748$1,525,575
6$2,343,604$562,465$179,286$1,601,853
7$2,460,784$590,588$188,250$1,681,946
8$2,583,823$620,118$197,662$1,766,043
9$2,713,015$651,124$207,546$1,854,346
10$2,848,665$683,680$217,923$1,947,063
11$2,991,099$717,864$228,819$2,044,416
12$3,140,654$753,757$240,260$2,146,637
13$3,297,686$791,445$252,273$2,253,969
14$3,462,571$831,017$264,887$2,366,667
15$3,635,699$872,568$278,131$2,485,000
16$3,817,484$916,196$292,038$2,609,250
17$4,008,358$962,006$306,639$2,739,713
18$4,208,776$1,010,106$321,971$2,876,698
19$4,419,215$1,060,612$338,070$3,020,533
20$4,640,176$1,113,642$354,973$3,171,560
21$4,872,184$1,169,324$372,722$3,330,138
22$5,115,794$1,227,790$391,358$3,496,645
23$5,371,583$1,289,180$410,926$3,671,477
24$5,640,162$1,353,639$431,472$3,855,051
25$5,922,171$1,421,321$453,046$4,047,804
26$6,218,279$1,492,387$475,698$4,250,194
27$6,529,193$1,567,006$499,483$4,462,704
28$6,855,653$1,645,357$524,457$4,685,839
29$7,198,435$1,727,625$550,680$4,920,131
30$7,558,357$1,814,006$578,214$5,166,137
Total$122,000,000$29,280,000$9,333,000$83,387,000
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