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Powerball Annuity Jackpot Analysis for Wisconsin (Dec. 15, 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 $246,000,000 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:  Dec. 15, 2018
Jackpot:$246,000,000
Federal Tax:  24%
State Tax:7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,702,653$888,637$283,253$2,530,763
2$3,887,786$933,069$297,416$2,657,302
3$4,082,175$979,722$312,286$2,790,167
4$4,286,284$1,028,708$327,901$2,929,675
5$4,500,598$1,080,143$344,296$3,076,159
6$4,725,628$1,134,151$361,511$3,229,967
7$4,961,909$1,190,858$379,586$3,391,465
8$5,210,005$1,250,401$398,565$3,561,038
9$5,470,505$1,312,921$418,494$3,739,090
10$5,744,030$1,378,567$439,418$3,926,045
11$6,031,232$1,447,496$461,389$4,122,347
12$6,332,793$1,519,870$484,459$4,328,464
13$6,649,433$1,595,864$508,682$4,544,887
14$6,981,905$1,675,657$534,116$4,772,132
15$7,331,000$1,759,440$560,821$5,010,738
16$7,697,550$1,847,412$588,863$5,261,275
17$8,082,427$1,939,783$618,306$5,524,339
18$8,486,549$2,036,772$649,221$5,800,556
19$8,910,876$2,138,610$681,682$6,090,584
20$9,356,420$2,245,541$715,766$6,395,113
21$9,824,241$2,357,818$751,554$6,714,869
22$10,315,453$2,475,709$789,132$7,050,612
23$10,831,226$2,599,494$828,589$7,403,143
24$11,372,787$2,729,469$870,018$7,773,300
25$11,941,426$2,865,942$913,519$8,161,965
26$12,538,497$3,009,239$959,195$8,570,063
27$13,165,422$3,159,701$1,007,155$8,998,566
28$13,823,693$3,317,686$1,057,513$9,448,494
29$14,514,878$3,483,571$1,110,388$9,920,919
30$15,240,622$3,657,749$1,165,908$10,416,965
Total$246,000,000$59,040,000$18,819,000$168,141,000
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