USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Jul 6, 2002

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The tax information provided here is based on 2026 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 $20,900,000 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, Jul 6, 2002
Jackpot:$20,900,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$372,649$99,196$28,508$244,945
2$387,555$104,414$29,648$253,494
3$403,057$109,839$30,834$262,384
4$419,180$115,482$32,067$271,630
5$435,947$121,351$33,350$281,246
6$453,385$127,454$34,684$291,247
7$471,520$133,801$36,071$301,647
8$490,381$140,403$37,514$312,464
9$509,996$147,268$39,015$323,713
10$530,396$154,408$40,575$335,413
11$551,612$161,833$42,198$347,580
12$573,676$169,556$43,886$360,234
13$596,623$177,587$45,642$373,394
14$620,488$185,940$47,467$387,081
15$645,308$194,721$49,366$401,221
16$671,120$204,272$51,341$415,508
17$697,965$214,204$53,394$430,366
18$725,883$224,534$55,530$445,819
19$754,919$235,277$57,751$461,890
20$785,115$246,450$60,061$478,604
21$816,520$258,070$62,464$495,987
22$849,181$270,154$64,962$514,064
23$883,148$282,722$67,561$532,865
24$918,474$295,793$70,263$552,418
25$955,213$309,386$73,074$572,753
26$993,421$323,523$75,997$593,902
27$1,033,158$338,226$79,037$615,896
28$1,074,485$353,517$82,198$638,770
29$1,117,464$369,419$85,486$662,559
30$1,162,163$385,957$88,905$687,300
Total$20,900,000$6,454,757$1,598,849$12,846,394

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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.