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Wisconsin Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$320,813$2,362,992
2$4,361,385$1,571,900$333,646$2,455,839
3$4,535,840$1,636,449$346,992$2,552,400
4$4,717,274$1,703,579$360,871$2,652,823
5$4,905,965$1,773,395$375,306$2,757,264
6$5,102,203$1,846,003$390,319$2,865,882
7$5,306,292$1,921,516$405,931$2,978,845
8$5,518,543$2,000,049$422,169$3,096,326
9$5,739,285$2,081,723$439,055$3,218,506
10$5,968,856$2,166,665$456,618$3,345,574
11$6,207,611$2,255,004$474,882$3,477,725
12$6,455,915$2,346,876$493,878$3,615,161
13$6,714,152$2,442,424$513,633$3,758,095
14$6,982,718$2,541,793$534,178$3,906,747
15$7,262,026$2,645,138$555,545$4,061,344
16$7,552,507$2,752,616$577,767$4,222,125
17$7,854,608$2,864,393$600,877$4,389,338
18$8,168,792$2,980,641$624,913$4,563,239
19$8,495,544$3,101,539$649,909$4,744,096
20$8,835,366$3,227,273$675,905$4,932,187
21$9,188,780$3,358,036$702,942$5,127,802
22$9,556,331$3,494,030$731,059$5,331,242
23$9,938,585$3,635,464$760,302$5,542,819
24$10,336,128$3,782,555$790,714$5,762,859
25$10,749,573$3,935,530$822,342$5,991,701
26$11,179,556$4,094,623$855,236$6,229,697
27$11,626,738$4,260,081$889,445$6,477,212
28$12,091,808$4,432,157$925,023$6,734,628
29$12,575,480$4,611,115$962,024$7,002,341
30$13,078,499$4,797,233$1,000,505$7,280,762
Total$235,200,000$85,769,634$17,992,799$131,437,571

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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.