USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Apr 26, 2008

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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 $143,200,000 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, Apr 26, 2008
Jackpot:$143,200,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,553,270$900,667$195,325$1,457,278
2$2,655,401$938,456$203,138$1,513,807
3$2,761,617$977,756$211,264$1,572,598
4$2,872,082$1,018,627$219,714$1,633,740
5$2,986,965$1,061,134$228,503$1,697,328
6$3,106,444$1,105,341$237,643$1,763,459
7$3,230,701$1,151,317$247,149$1,832,236
8$3,359,929$1,199,131$257,035$1,903,764
9$3,494,327$1,248,858$267,316$1,978,153
10$3,634,100$1,300,574$278,009$2,055,517
11$3,779,464$1,354,359$289,129$2,135,976
12$3,930,642$1,410,295$300,694$2,219,653
13$4,087,868$1,468,468$312,722$2,306,678
14$4,251,383$1,528,969$325,231$2,397,183
15$4,421,438$1,591,889$338,240$2,491,309
16$4,598,295$1,657,327$351,770$2,589,199
17$4,782,227$1,725,381$365,840$2,691,006
18$4,973,516$1,796,158$380,474$2,796,884
19$5,172,457$1,869,766$395,693$2,906,998
20$5,379,355$1,946,319$411,521$3,021,516
21$5,594,529$2,025,933$427,982$3,140,615
22$5,818,311$2,108,732$445,101$3,264,478
23$6,051,043$2,194,843$462,905$3,393,295
24$6,293,085$2,284,399$481,421$3,527,265
25$6,544,808$2,377,536$500,678$3,666,594
26$6,806,600$2,474,399$520,705$3,811,496
27$7,078,864$2,575,137$541,533$3,962,194
28$7,362,019$2,679,904$563,194$4,118,920
29$7,656,500$2,788,862$585,722$4,281,915
30$7,962,760$2,902,178$609,151$4,451,430
Total$143,200,000$51,662,715$10,954,802$80,582,484

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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.