USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Jul 17, 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 $21,000,000 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 17, 2004
Jackpot:$21,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$374,432$99,820$28,644$245,968
2$389,409$105,063$29,790$254,557
3$404,986$110,514$30,981$263,490
4$421,185$116,184$32,221$272,780
5$438,033$122,081$33,509$282,442
6$455,554$128,213$34,850$292,491
7$473,776$134,591$36,244$302,941
8$492,727$141,224$37,694$313,810
9$512,436$148,122$39,201$325,113
10$532,934$155,296$40,769$336,868
11$554,251$162,757$42,400$349,094
12$576,421$170,517$44,096$361,808
13$599,478$178,586$45,860$375,031
14$623,457$186,979$47,694$388,783
15$648,395$195,863$49,602$402,930
16$674,331$205,460$51,586$417,285
17$701,304$215,440$53,650$432,215
18$729,356$225,819$55,796$447,742
19$758,531$236,614$58,028$463,889
20$788,872$247,840$60,349$480,683
21$820,427$259,515$62,763$498,149
22$853,244$271,657$65,273$516,313
23$887,374$284,285$67,884$535,204
24$922,869$297,419$70,599$554,851
25$959,783$311,077$73,423$575,283
26$998,175$325,282$76,360$596,532
27$1,038,102$340,055$79,415$618,632
28$1,079,626$355,419$82,591$641,616
29$1,122,811$371,397$85,895$665,518
30$1,167,723$388,015$89,331$690,378
Total$21,000,000$6,491,104$1,606,498$12,902,396

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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.