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Wisconsin Powerball Jackpot Annuity Payout Schedule for Jan 15, 2020

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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 $298,400,000 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, Jan 15, 2020
Jackpot:$298,400,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,491,348$1,617,756$343,588$2,530,004
2$4,715,916$1,700,846$360,768$2,654,302
3$4,951,711$1,788,090$378,806$2,784,815
4$5,199,297$1,879,697$397,746$2,921,854
5$5,459,262$1,975,884$417,634$3,065,744
6$5,732,225$2,076,880$438,515$3,216,829
7$6,018,836$2,182,927$460,441$3,375,469
8$6,319,778$2,294,275$483,463$3,542,040
9$6,635,767$2,411,191$507,636$3,716,940
10$6,967,555$2,533,953$533,018$3,900,585
11$7,315,933$2,662,852$559,669$4,093,412
12$7,681,730$2,798,197$587,652$4,295,880
13$8,065,816$2,940,309$617,035$4,508,472
14$8,469,107$3,089,527$647,887$4,731,693
15$8,892,562$3,246,205$680,281$4,966,076
16$9,337,191$3,410,718$714,295$5,212,178
17$9,804,050$3,583,456$750,010$5,470,584
18$10,294,252$3,764,831$787,510$5,741,911
19$10,808,965$3,955,274$826,886$6,026,805
20$11,349,413$4,155,240$868,230$6,325,943
21$11,916,884$4,365,204$911,642$6,640,038
22$12,512,728$4,585,667$957,224$6,969,838
23$13,138,365$4,817,152$1,005,085$7,316,128
24$13,795,283$5,060,212$1,055,339$7,679,732
25$14,485,047$5,315,425$1,108,106$8,061,516
26$15,209,299$5,583,398$1,163,511$8,462,390
27$15,969,764$5,864,770$1,221,687$8,883,307
28$16,768,252$6,160,211$1,282,771$9,325,270
29$17,606,665$6,470,423$1,346,910$9,789,332
30$18,486,998$6,796,147$1,414,255$10,276,596
Total$298,400,001$109,086,717$22,827,600$166,485,683

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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.