USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Aug 28, 2002

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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 $55,300,000 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:Wed, Aug 28, 2002
Jackpot:$55,300,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$986,004$323,009$75,429$587,566
2$1,025,445$337,602$78,447$609,396
3$1,066,462$352,779$81,584$632,099
4$1,109,121$368,562$84,848$655,711
5$1,153,486$384,977$88,242$680,267
6$1,199,625$402,049$91,771$705,805
7$1,247,610$419,804$95,442$732,365
8$1,297,515$438,268$99,260$759,987
9$1,349,415$457,471$103,230$788,714
10$1,403,392$477,443$107,359$818,590
11$1,459,527$498,213$111,654$849,661
12$1,517,909$519,814$116,120$881,975
13$1,578,625$542,279$120,765$915,581
14$1,641,770$565,643$125,595$950,532
15$1,707,441$589,941$130,619$986,881
16$1,775,738$615,211$135,844$1,024,683
17$1,846,768$641,492$141,278$1,063,998
18$1,920,639$668,824$146,929$1,104,886
19$1,997,464$697,249$152,806$1,147,409
20$2,077,363$726,812$158,918$1,191,633
21$2,160,457$757,557$165,275$1,237,625
22$2,246,876$789,532$171,886$1,285,458
23$2,336,751$822,785$178,761$1,335,204
24$2,430,221$857,369$185,912$1,386,939
25$2,527,429$893,337$193,348$1,440,744
26$2,628,527$930,743$201,082$1,496,702
27$2,733,668$969,645$209,126$1,554,897
28$2,843,014$1,010,103$217,491$1,615,421
29$2,956,735$1,052,180$226,190$1,678,365
30$3,075,004$1,095,939$235,238$1,743,827
Total$55,300,000$19,206,632$4,230,449$31,862,921

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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.