USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$95,452$27,689$238,810
2$376,429$100,519$28,797$247,113
3$391,486$105,789$29,949$255,748
4$407,146$111,270$31,147$264,729
5$423,431$116,970$32,393$274,069
6$440,369$122,898$33,688$283,782
7$457,983$129,063$35,036$293,884
8$476,303$135,475$36,437$304,390
9$495,355$142,143$37,895$315,317
10$515,169$149,078$39,410$326,680
11$535,776$156,291$40,987$338,498
12$557,207$163,792$42,626$350,789
13$579,495$171,593$44,331$363,571
14$602,675$179,706$46,105$376,865
15$626,782$188,143$47,949$390,690
16$651,853$197,143$49,867$404,844
17$677,927$206,790$51,861$419,276
18$705,045$216,824$53,936$434,285
19$733,246$227,258$56,093$449,895
20$762,576$238,110$58,337$466,129
21$793,079$249,397$60,671$483,012
22$824,802$261,134$63,097$500,571
23$857,795$273,341$65,621$518,832
24$892,106$286,037$68,246$537,824
25$927,791$299,240$70,976$557,575
26$964,902$312,971$73,815$578,116
27$1,003,498$327,252$76,768$599,479
28$1,043,638$342,103$79,838$621,696
29$1,085,384$357,549$83,032$644,803
30$1,128,799$373,613$86,353$668,833
Total$20,300,000$6,236,944$1,552,950$12,510,105

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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.