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Powerball Annuity Jackpot Analysis for Wisconsin (Oct. 24, 2018 Drawing)

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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 $602,500,000 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:  Oct. 24, 2018
Jackpot:$602,500,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,068,490$2,176,438$693,739$6,198,313
2$9,521,914$2,285,259$728,426$6,508,228
3$9,998,010$2,399,522$764,848$6,833,640
4$10,497,911$2,519,499$803,090$7,175,322
5$11,022,806$2,645,473$843,245$7,534,088
6$11,573,946$2,777,747$885,407$7,910,792
7$12,152,644$2,916,634$929,677$8,306,332
8$12,760,276$3,062,466$976,161$8,721,649
9$13,398,290$3,215,589$1,024,969$9,157,731
10$14,068,204$3,376,369$1,076,218$9,615,617
11$14,771,614$3,545,187$1,130,028$10,096,398
12$15,510,195$3,722,447$1,186,530$10,601,218
13$16,285,705$3,908,569$1,245,856$11,131,279
14$17,099,990$4,103,998$1,308,149$11,687,843
15$17,954,989$4,309,197$1,373,557$12,272,235
16$18,852,739$4,524,657$1,442,235$12,885,847
17$19,795,375$4,750,890$1,514,346$13,530,139
18$20,785,144$4,988,435$1,590,064$14,206,646
19$21,824,401$5,237,856$1,669,567$14,916,978
20$22,915,622$5,499,749$1,753,045$15,662,827
21$24,061,403$5,774,737$1,840,697$16,445,969
22$25,264,473$6,063,473$1,932,732$17,268,267
23$26,527,697$6,366,647$2,029,369$18,131,681
24$27,854,081$6,684,979$2,130,837$19,038,264
25$29,246,785$7,019,228$2,237,379$19,990,178
26$30,709,125$7,370,190$2,349,248$20,989,687
27$32,244,581$7,738,699$2,466,710$22,039,171
28$33,856,810$8,125,634$2,590,046$23,141,129
29$35,549,650$8,531,916$2,719,548$24,298,186
30$37,327,133$8,958,512$2,855,526$25,513,096
Total$602,500,001$144,600,000$46,091,250$411,808,751
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