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Wisconsin Powerball Jackpot Annuity Payout Schedule for Jan 30, 2023

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The tax information provided here is based on 2022 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 $613,000,000 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:Mon, Jan 30, 2023
Jackpot:$613,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,226,530$3,376,771$705,830$5,143,929
2$9,687,856$3,547,462$741,121$5,399,273
3$10,172,249$3,726,687$778,177$5,667,385
4$10,680,862$3,914,874$817,086$5,948,902
5$11,214,904$4,112,470$857,940$6,244,495
6$11,775,650$4,319,945$900,837$6,554,867
7$12,364,433$4,537,795$945,879$6,880,758
8$12,982,654$4,766,537$993,173$7,222,944
9$13,631,787$5,006,716$1,042,832$7,582,239
10$14,313,376$5,258,904$1,094,973$7,959,499
11$15,029,045$5,523,702$1,149,722$8,355,621
12$15,780,497$5,801,739$1,207,208$8,771,550
13$16,569,522$6,093,678$1,267,568$9,208,275
14$17,397,998$6,400,214$1,330,947$9,666,837
15$18,267,898$6,722,077$1,397,494$10,148,326
16$19,181,293$7,060,033$1,467,369$10,653,891
17$20,140,357$7,414,887$1,540,737$11,184,733
18$21,147,375$7,787,484$1,617,774$11,742,117
19$22,204,744$8,178,710$1,698,663$12,327,371
20$23,314,981$8,589,498$1,783,596$12,941,887
21$24,480,730$9,020,825$1,872,776$13,587,129
22$25,704,767$9,473,719$1,966,415$14,264,633
23$26,990,005$9,949,257$2,064,735$14,976,013
24$28,339,505$10,448,572$2,167,972$15,722,961
25$29,756,480$10,972,853$2,276,371$16,507,257
26$31,244,305$11,523,348$2,390,189$17,330,768
27$32,806,520$12,101,367$2,509,699$18,195,454
28$34,446,845$12,708,288$2,635,184$19,103,374
29$36,169,188$13,345,554$2,766,943$20,056,690
30$37,977,648$14,014,685$2,905,290$21,057,673
Total$613,000,001$225,698,651$46,894,500$340,406,851

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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.