USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Jun 29, 2005

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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 $10,000,000 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:Wed, Jun 29, 2005
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,639$13,640$129,022
2$185,433$37,351$14,186$133,896
3$192,850$39,131$14,753$138,966
4$200,564$41,244$15,343$143,978
5$208,587$43,811$15,957$148,819
6$216,930$46,481$16,595$153,855
7$225,608$49,257$17,259$159,091
8$234,632$52,145$17,949$164,537
9$244,017$55,149$18,667$170,201
10$253,778$58,370$19,414$175,994
11$263,929$61,922$20,191$181,816
12$274,486$65,617$20,998$187,871
13$285,466$69,460$21,838$194,167
14$296,884$73,457$22,712$200,716
15$308,760$77,613$23,620$207,526
16$321,110$81,936$24,565$214,609
17$333,954$86,431$25,548$221,976
18$347,313$91,107$26,569$229,637
19$361,205$95,969$27,632$237,604
20$375,653$101,026$28,737$245,890
21$390,679$106,285$29,887$254,507
22$406,307$111,755$31,082$263,470
23$422,559$117,443$32,326$272,790
24$439,461$123,359$33,619$282,484
25$457,040$129,511$34,964$292,565
26$475,321$135,910$36,362$303,049
27$494,334$142,564$37,817$313,953
28$514,107$149,485$39,329$325,293
29$534,672$156,682$40,902$337,087
30$556,059$164,168$42,538$349,352
Total$10,000,000$2,600,278$764,999$6,634,721

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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.