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Powerball Annuity Jackpot Analysis for Wisconsin (Nov. 7, 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 $71,000,000 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:  Nov. 7, 2018
Jackpot:$71,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,652$256,476$81,752$730,424
2$1,122,084$269,300$85,839$766,945
3$1,178,189$282,765$90,131$805,292
4$1,237,098$296,904$94,638$845,557
5$1,298,953$311,749$99,370$887,834
6$1,363,901$327,336$104,338$932,226
7$1,432,096$343,703$109,555$978,837
8$1,503,701$360,888$115,033$1,027,779
9$1,578,886$378,933$120,785$1,079,168
10$1,657,830$397,879$126,824$1,133,127
11$1,740,721$417,773$133,165$1,189,783
12$1,827,757$438,662$139,823$1,249,272
13$1,919,145$460,595$146,815$1,311,736
14$2,015,103$483,625$154,155$1,377,323
15$2,115,858$507,806$161,863$1,446,189
16$2,221,651$533,196$169,956$1,518,498
17$2,332,733$559,856$178,454$1,594,423
18$2,449,370$587,849$187,377$1,674,144
19$2,571,838$617,241$196,746$1,757,851
20$2,700,430$648,103$206,583$1,845,744
21$2,835,452$680,508$216,912$1,938,031
22$2,977,224$714,534$227,758$2,034,933
23$3,126,085$750,260$239,146$2,136,679
24$3,282,390$787,774$251,103$2,243,513
25$3,446,509$827,162$263,658$2,355,689
26$3,618,835$868,520$276,841$2,473,473
27$3,799,776$911,946$290,683$2,597,147
28$3,989,765$957,544$305,217$2,727,004
29$4,189,253$1,005,421$320,478$2,863,355
30$4,398,716$1,055,692$336,502$3,006,522
Total$71,000,000$17,040,000$5,431,500$48,528,500
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