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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 $154,000,000 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, Aug 31, 2016
Jackpot:$154,000,000
Federal Tax:  25%
State Tax:7.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,317,921$579,480$179,639$1,558,802
2$2,433,817$608,454$188,621$1,636,742
3$2,555,508$638,877$198,052$1,718,579
4$2,683,283$670,821$207,954$1,804,508
5$2,817,447$704,362$218,352$1,894,733
6$2,958,320$739,580$229,270$1,989,470
7$3,106,236$776,559$240,733$2,088,944
8$3,261,548$815,387$252,770$2,193,391
9$3,424,625$856,156$265,408$2,303,060
10$3,595,856$898,964$278,679$2,418,213
11$3,775,649$943,912$292,613$2,539,124
12$3,964,432$991,108$307,243$2,666,080
13$4,162,653$1,040,663$322,606$2,799,384
14$4,370,786$1,092,696$338,736$2,939,353
15$4,589,325$1,147,331$355,673$3,086,321
16$4,818,791$1,204,698$373,456$3,240,637
17$5,059,731$1,264,933$392,129$3,402,669
18$5,312,717$1,328,179$411,736$3,572,802
19$5,578,353$1,394,588$432,322$3,751,443
20$5,857,271$1,464,318$453,938$3,939,015
21$6,150,134$1,537,534$476,635$4,135,965
22$6,457,641$1,614,410$500,467$4,342,764
23$6,780,523$1,695,131$525,491$4,559,902
24$7,119,549$1,779,887$551,765$4,787,897
25$7,475,527$1,868,882$579,353$5,027,292
26$7,849,303$1,962,326$608,321$5,278,656
27$8,241,768$2,060,442$638,737$5,542,589
28$8,653,857$2,163,464$670,674$5,819,719
29$9,086,550$2,271,637$704,208$6,110,705
30$9,540,877$2,385,219$739,418$6,416,240
Total$154,000,000$38,500,000$11,935,000$103,565,000
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