USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Nov 3, 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 $35,500,000 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, Nov 3, 2004
Jackpot:$35,500,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$632,969$190,308$48,422$394,238
2$658,287$199,524$50,359$408,405
3$684,619$209,266$52,373$422,979
4$712,004$219,399$54,468$438,137
5$740,484$229,936$56,647$453,900
6$770,103$240,895$58,913$470,295
7$800,907$252,293$61,269$487,345
8$832,943$264,146$63,720$505,077
9$866,261$276,474$66,269$523,518
10$900,912$289,295$68,920$542,697
11$936,948$302,628$71,677$562,643
12$974,426$316,495$74,544$583,388
13$1,013,403$330,916$77,525$604,961
14$1,053,939$345,915$80,626$627,398
15$1,096,097$361,513$83,851$650,732
16$1,139,941$377,735$87,205$675,000
17$1,185,538$394,606$90,694$700,238
18$1,232,960$412,152$94,321$726,486
19$1,282,278$430,400$98,094$753,784
20$1,333,569$449,378$102,018$782,173
21$1,386,912$469,115$106,099$811,699
22$1,442,388$489,641$110,343$842,405
23$1,500,084$510,988$114,756$874,339
24$1,560,087$533,190$119,347$907,551
25$1,622,491$556,279$124,121$942,091
26$1,687,390$580,292$129,085$978,013
27$1,754,886$605,265$134,249$1,015,372
28$1,825,082$631,237$139,619$1,054,225
29$1,898,085$658,249$145,203$1,094,633
30$1,974,008$686,340$151,012$1,136,656
Total$35,500,000$11,813,870$2,715,749$20,970,378

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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.