USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Mar 29, 2008

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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 $37,800,000 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, Mar 29, 2008
Jackpot:$37,800,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$673,978$207,560$51,559$414,859
2$700,937$217,534$53,622$429,781
3$728,974$227,908$55,767$445,300
4$758,133$238,697$57,997$461,439
5$788,459$249,917$60,317$478,224
6$819,997$261,587$62,730$495,681
7$852,797$273,723$65,239$513,835
8$886,909$286,344$67,849$532,716
9$922,385$299,470$70,562$552,352
10$959,280$313,122$73,385$572,774
11$997,652$327,319$76,320$594,012
12$1,037,558$342,084$79,373$616,100
13$1,079,060$357,440$82,548$639,072
14$1,122,222$373,410$85,850$662,962
15$1,167,111$390,019$89,284$687,808
16$1,213,796$407,292$92,855$713,648
17$1,262,348$425,256$96,570$740,522
18$1,312,842$443,939$100,432$768,470
19$1,365,355$463,369$104,450$797,536
20$1,419,969$483,576$108,628$827,765
21$1,476,768$504,592$112,973$859,203
22$1,535,839$526,448$117,492$891,899
23$1,597,273$549,179$122,191$925,903
24$1,661,163$572,818$127,079$961,266
25$1,727,610$597,403$132,162$998,044
26$1,796,714$622,972$137,449$1,036,294
27$1,868,583$649,563$142,947$1,076,073
28$1,943,326$677,218$148,664$1,117,443
29$2,021,059$705,980$154,611$1,160,469
30$2,101,902$735,891$160,795$1,205,215
Total$37,800,000$12,731,630$2,891,700$22,176,665

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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.