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Wisconsin Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$152,768$1,147,136
2$2,076,850$726,622$158,879$1,191,349
3$2,159,924$757,360$165,234$1,237,330
4$2,246,321$789,326$171,844$1,285,151
5$2,336,174$822,572$178,717$1,334,884
6$2,429,621$857,147$185,866$1,386,607
7$2,526,806$893,106$193,301$1,440,399
8$2,627,878$930,503$201,033$1,496,343
9$2,732,993$969,395$209,074$1,554,524
10$2,842,313$1,009,843$217,437$1,615,032
11$2,956,005$1,051,910$226,134$1,677,961
12$3,074,245$1,095,658$235,180$1,743,407
13$3,197,215$1,141,157$244,587$1,811,471
14$3,325,104$1,188,476$254,370$1,882,257
15$3,458,108$1,237,688$264,545$1,955,875
16$3,596,432$1,288,868$275,127$2,032,437
17$3,740,289$1,342,095$286,132$2,112,062
18$3,889,901$1,397,451$297,577$2,194,872
19$4,045,497$1,455,022$309,481$2,280,995
20$4,207,317$1,514,895$321,860$2,370,562
21$4,375,610$1,577,163$334,734$2,463,712
22$4,550,634$1,641,922$348,123$2,560,588
23$4,732,659$1,709,272$362,048$2,661,339
24$4,921,966$1,779,315$376,530$2,766,120
25$5,118,844$1,852,160$391,592$2,875,093
26$5,323,598$1,927,919$407,255$2,988,424
27$5,536,542$2,006,708$423,545$3,106,288
28$5,758,004$2,088,649$440,487$3,228,867
29$5,988,324$2,173,868$458,107$3,356,350
30$6,227,857$2,262,495$476,431$3,488,931
Total$112,000,000$40,185,632$8,567,998$63,246,366

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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.