USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Dec 6, 2008

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $30,000,000 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, Dec 6, 2008
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$157,591$40,920$336,392
2$556,299$165,079$42,557$348,663
3$578,551$172,868$44,259$361,424
4$601,693$180,967$46,030$374,696
5$625,761$189,719$47,871$388,171
6$650,791$198,981$49,786$402,025
7$676,823$208,612$51,777$416,434
8$703,896$218,629$53,848$431,419
9$732,052$229,047$56,002$447,003
10$761,334$239,881$58,242$463,210
11$791,787$251,149$60,572$480,066
12$823,459$262,867$62,995$497,597
13$856,397$275,055$65,514$515,828
14$890,653$287,729$68,135$534,789
15$926,279$300,911$70,860$554,508
16$963,330$314,620$73,695$575,015
17$1,001,863$328,877$76,643$596,344
18$1,041,938$343,705$79,708$618,525
19$1,083,615$359,125$82,897$641,593
20$1,126,960$375,163$86,212$665,585
21$1,172,038$391,842$89,661$690,535
22$1,218,920$409,188$93,247$716,484
23$1,267,677$427,228$96,977$743,471
24$1,318,384$445,990$100,856$771,538
25$1,371,119$465,502$104,891$800,727
26$1,425,964$485,794$109,086$831,083
27$1,483,002$506,899$113,450$862,654
28$1,542,322$528,847$117,988$895,488
29$1,604,015$551,673$122,707$929,635
30$1,668,176$575,413$127,615$965,148
Total$30,000,000$9,848,951$2,295,001$17,856,050

◄ Back to Jackpot Analysis

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.