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Wisconsin Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,546,673$535,187$3,914,047
2$7,345,702$2,676,098$561,946$4,107,659
3$7,712,987$2,811,993$590,044$4,310,951
4$8,098,637$2,954,683$619,546$4,524,408
5$8,503,569$3,104,508$650,523$4,748,537
6$8,928,747$3,261,824$683,049$4,983,874
7$9,375,185$3,427,006$717,202$5,230,977
8$9,843,944$3,600,447$753,062$5,490,435
9$10,336,141$3,782,560$790,715$5,762,866
10$10,852,948$3,973,779$830,251$6,048,919
11$11,395,595$4,174,558$871,763$6,349,274
12$11,965,375$4,385,377$915,351$6,664,647
13$12,563,644$4,606,736$961,119$6,995,789
14$13,191,826$4,839,163$1,009,175$7,343,488
15$13,851,417$5,083,212$1,059,633$7,708,572
16$14,543,988$5,339,463$1,112,615$8,091,910
17$15,271,188$5,608,527$1,168,246$8,494,415
18$16,034,747$5,891,044$1,226,658$8,917,045
19$16,836,484$6,187,687$1,287,991$9,360,806
20$17,678,309$6,499,162$1,352,391$9,826,756
21$18,562,224$6,826,211$1,420,010$10,316,003
22$19,490,335$7,169,612$1,491,011$10,829,713
23$20,464,852$7,530,183$1,565,561$11,369,108
24$21,488,094$7,908,783$1,643,839$11,935,473
25$22,562,499$8,306,312$1,726,031$12,530,156
26$23,690,625$8,723,719$1,812,333$13,154,573
27$24,875,156$9,161,995$1,902,949$13,810,211
28$26,118,913$9,622,186$1,998,097$14,498,631
29$27,424,859$10,105,386$2,098,002$15,221,472
30$28,796,102$10,612,746$2,202,902$15,980,455
Total$464,800,001$170,721,633$35,557,202$258,521,170

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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.