USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Jan 23, 2021

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $20,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Sat, Jan 23, 2021
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$23,029$198,096
2$316,080$85,172$24,180$206,728
3$331,884$90,704$25,389$215,791
4$348,478$96,512$26,659$225,308
5$365,902$102,610$27,992$235,301
6$384,197$109,013$29,391$245,793
7$403,407$115,737$30,861$256,810
8$423,578$122,796$32,404$268,378
9$444,757$130,209$34,024$280,524
10$466,994$137,992$35,725$293,277
11$490,344$146,165$37,511$306,668
12$514,861$154,746$39,387$320,729
13$540,604$164,096$41,356$335,152
14$567,635$174,097$43,424$350,113
15$596,016$184,598$45,595$365,823
16$625,817$195,625$47,875$382,317
17$657,108$207,202$50,269$399,637
18$689,963$219,359$52,782$417,822
19$724,461$232,123$55,421$436,917
20$760,685$245,526$58,192$456,967
21$798,719$259,598$61,102$478,019
22$838,655$274,374$64,157$500,123
23$880,587$289,890$67,365$523,333
24$924,617$306,180$70,733$547,703
25$970,848$323,286$74,270$573,292
26$1,019,390$341,247$77,983$600,160
27$1,070,360$360,105$81,883$628,372
28$1,123,878$379,907$85,977$657,994
29$1,180,071$400,699$90,275$689,097
30$1,239,075$422,530$94,789$721,756
Total$20,000,000$6,352,002$1,530,000$12,118,000

◄ Back to Jackpot Analysis

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.