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Wisconsin Powerball Jackpot Annuity Payout Schedule for Nov 7, 2020

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The tax information provided here is based on 2021 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 $146,600,000 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 prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Sat, Nov 7, 2020
Jackpot:$146,600,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,206,540$780,492$168,800$1,257,248
2$2,316,867$821,313$177,240$1,318,314
3$2,432,711$864,175$186,102$1,382,433
4$2,554,346$909,180$195,407$1,449,758
5$2,682,064$956,436$205,178$1,520,450
6$2,816,167$1,006,054$215,437$1,594,676
7$2,956,975$1,058,153$226,209$1,672,614
8$3,104,824$1,112,857$237,519$1,754,448
9$3,260,065$1,170,296$249,395$1,840,374
10$3,423,068$1,230,608$261,865$1,930,596
11$3,594,222$1,293,934$274,958$2,025,330
12$3,773,933$1,360,427$288,706$2,124,800
13$3,962,630$1,430,245$303,141$2,229,243
14$4,160,761$1,503,554$318,298$2,338,909
15$4,368,799$1,580,528$334,213$2,454,058
16$4,587,239$1,661,351$350,924$2,574,965
17$4,816,601$1,746,215$368,470$2,701,916
18$5,057,431$1,835,322$386,893$2,835,216
19$5,310,303$1,928,884$406,238$2,975,180
20$5,575,818$2,027,125$426,550$3,122,143
21$5,854,609$2,130,277$447,878$3,276,454
22$6,147,339$2,238,588$470,271$3,438,480
23$6,454,706$2,352,313$493,785$3,608,607
24$6,777,441$2,471,725$518,474$3,787,241
25$7,116,313$2,597,108$544,398$3,974,807
26$7,472,129$2,728,760$571,618$4,171,751
27$7,845,735$2,866,994$600,199$4,378,542
28$8,238,022$3,012,140$630,209$4,595,673
29$8,649,923$3,164,544$661,719$4,823,660
30$9,082,419$3,324,567$694,805$5,063,047
Total$146,600,000$53,164,165$11,214,899$82,220,933

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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.