USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Mar 16, 2002

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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 $32,000,000 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, Mar 16, 2002
Jackpot:$32,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$570,563$169,244$43,648$357,671
2$593,386$177,232$45,394$370,759
3$617,121$185,540$47,210$384,372
4$641,806$194,488$49,098$398,219
5$667,478$203,987$51,062$412,429
6$694,177$213,866$53,105$427,207
7$721,944$224,140$55,229$442,576
8$750,822$234,824$57,438$458,560
9$780,855$245,937$59,735$475,183
10$812,089$257,493$62,125$492,471
11$844,573$269,512$64,610$510,451
12$878,356$282,012$67,194$529,150
13$913,490$295,012$69,882$548,596
14$950,030$308,531$72,677$568,821
15$988,031$322,592$75,584$589,855
16$1,027,552$337,215$78,608$611,730
17$1,068,654$352,422$81,752$634,480
18$1,111,400$368,238$85,022$658,140
19$1,155,856$384,687$88,423$682,746
20$1,202,091$401,794$91,960$708,337
21$1,250,174$419,585$95,638$734,951
22$1,300,181$438,087$99,464$762,630
23$1,352,188$457,330$103,442$791,416
24$1,406,276$477,342$107,580$821,353
25$1,462,527$498,155$111,883$852,488
26$1,521,028$519,801$116,359$884,869
27$1,581,869$542,312$121,013$918,544
28$1,645,144$565,724$125,854$953,567
29$1,710,950$590,072$130,888$989,990
30$1,779,388$615,394$136,123$1,027,871
Total$32,000,000$10,552,568$2,448,000$18,999,432

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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.