USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $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$96,230$27,689$238,032
2$376,429$101,297$28,797$246,335
3$391,486$106,567$29,949$254,970
4$407,146$112,048$31,147$263,951
5$423,431$117,748$32,393$273,291
6$440,369$123,676$33,688$283,004
7$457,983$129,841$35,036$293,106
8$476,303$136,253$36,437$303,612
9$495,355$142,921$37,895$314,539
10$515,169$149,856$39,410$325,902
11$535,776$157,069$40,987$337,720
12$557,207$164,570$42,626$350,011
13$579,495$172,371$44,331$362,793
14$602,675$180,484$46,105$376,087
15$626,782$188,930$47,949$389,904
16$651,853$198,206$49,867$403,781
17$677,927$207,853$51,861$418,213
18$705,045$217,887$53,936$433,222
19$733,246$228,321$56,093$448,832
20$762,576$239,173$58,337$465,066
21$793,079$250,460$60,671$481,949
22$824,802$262,197$63,097$499,508
23$857,795$274,404$65,621$517,769
24$892,106$287,100$68,246$536,761
25$927,791$300,303$70,976$556,512
26$964,902$314,034$73,815$577,053
27$1,003,498$328,315$76,768$598,416
28$1,043,638$343,166$79,838$620,633
29$1,085,384$358,612$83,032$643,740
30$1,128,799$374,676$86,353$667,770
Total$20,300,000$6,264,568$1,552,950$12,482,482

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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.