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Wisconsin Powerball Jackpot Annuity Payout Schedule for Dec 12, 2007

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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 $33,600,000 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, Dec 12, 2007
Jackpot:$33,600,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$599,091$178,451$45,830$374,810
2$623,055$186,838$47,664$388,553
3$647,977$195,709$49,570$402,698
4$673,896$205,299$51,553$417,044
5$700,852$215,273$53,615$431,964
6$728,886$225,645$55,760$447,481
7$758,042$236,433$57,990$463,619
8$788,363$247,652$60,310$480,402
9$819,898$259,319$62,722$497,856
10$852,694$271,454$65,231$516,009
11$886,802$284,074$67,840$534,887
12$922,274$297,198$70,554$554,521
13$959,165$310,848$73,376$574,940
14$997,531$325,044$76,311$596,176
15$1,037,432$339,807$79,364$618,262
16$1,078,930$355,161$82,538$641,230
17$1,122,087$371,129$85,840$665,118
18$1,166,970$387,736$89,273$689,961
19$1,213,649$405,007$92,844$715,798
20$1,262,195$422,969$96,558$742,668
21$1,312,683$441,650$100,420$770,613
22$1,365,190$461,078$104,437$799,676
23$1,419,798$481,282$108,615$829,901
24$1,476,590$502,295$112,959$861,335
25$1,535,653$524,149$117,477$894,027
26$1,597,079$546,877$122,177$928,026
27$1,660,963$570,513$127,064$963,386
28$1,727,401$595,096$132,146$1,000,159
29$1,796,497$620,661$137,432$1,038,404
30$1,868,357$647,249$142,929$1,078,178
Total$33,600,000$11,111,896$2,570,399$19,917,702

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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.