USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for May 24, 1997

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The tax information provided here is based on 2025 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 $17,000,000 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 money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Sat, May 24, 1997
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$303,112$75,636$23,188$204,287
2$315,236$79,880$24,116$211,241
3$327,846$84,293$25,080$218,472
4$340,959$88,883$26,083$225,993
5$354,598$93,656$27,127$233,815
6$368,782$98,621$28,212$241,949
7$383,533$103,784$29,340$250,409
8$398,874$109,153$30,514$259,207
9$414,829$114,737$31,734$268,357
10$431,422$120,545$33,004$277,874
11$448,679$126,585$34,324$287,770
12$466,627$132,867$35,697$298,063
13$485,292$139,399$37,125$308,767
14$504,703$146,193$38,610$319,900
15$524,891$153,259$40,154$331,478
16$545,887$160,608$41,760$343,519
17$567,723$168,250$43,431$356,042
18$590,431$176,198$45,168$369,065
19$614,049$184,464$46,975$382,610
20$638,611$193,306$48,854$396,451
21$664,155$202,758$50,808$410,590
22$690,721$212,587$52,840$425,294
23$718,350$222,810$54,954$440,587
24$747,084$233,441$57,152$456,491
25$776,967$244,498$59,438$473,031
26$808,046$255,997$61,816$490,233
27$840,368$267,956$64,288$508,123
28$873,983$280,394$66,860$526,729
29$908,942$293,329$69,534$546,079
30$945,300$306,781$72,315$566,203
Total$17,000,000$5,070,868$1,300,501$10,628,629

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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.