USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for May 24, 1997

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The tax information provided here is based on 2024 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$76,464$23,188$203,460
2$315,236$80,707$24,116$210,413
3$327,846$85,121$25,080$217,645
4$340,959$89,711$26,083$225,165
5$354,598$94,484$27,127$232,987
6$368,782$99,448$28,212$241,122
7$383,533$104,611$29,340$249,581
8$398,874$109,981$30,514$258,380
9$414,829$115,565$31,734$267,530
10$431,422$121,373$33,004$277,046
11$448,679$127,413$34,324$286,943
12$466,627$133,694$35,697$297,236
13$485,292$140,227$37,125$307,940
14$504,703$147,021$38,610$319,073
15$524,891$154,087$40,154$330,650
16$545,887$161,435$41,760$342,691
17$567,723$169,078$43,431$355,214
18$590,431$177,026$45,168$368,238
19$614,049$185,386$46,975$381,688
20$638,611$194,474$48,854$395,283
21$664,155$203,925$50,808$409,422
22$690,721$213,755$52,840$424,126
23$718,350$223,977$54,954$439,419
24$747,084$234,609$57,152$455,323
25$776,967$245,666$59,438$471,864
26$808,046$257,165$61,816$489,066
27$840,368$269,124$64,288$506,956
28$873,983$281,561$66,860$525,562
29$908,942$294,496$69,534$544,912
30$945,300$307,949$72,315$565,036
Total$17,000,000$5,099,533$1,300,501$10,599,971

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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.