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Wisconsin Powerball Jackpot Annuity Payout Schedule for Nov 14, 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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$72,425$565,830
2$994,072$325,994$76,047$592,031
3$1,043,776$344,385$79,849$619,542
4$1,095,964$363,695$83,841$648,429
5$1,150,763$383,970$88,033$678,759
6$1,208,301$405,259$92,435$710,607
7$1,268,716$427,613$97,057$744,046
8$1,332,152$451,084$101,910$779,158
9$1,398,759$475,729$107,005$816,025
10$1,468,697$501,606$112,355$854,736
11$1,542,132$528,777$117,973$895,382
12$1,619,239$557,306$123,872$938,061
13$1,700,201$587,262$130,065$982,873
14$1,785,211$618,716$136,569$1,029,926
15$1,874,471$651,742$143,397$1,079,332
16$1,968,195$686,420$150,567$1,131,208
17$2,066,604$722,831$158,095$1,185,678
18$2,169,935$761,064$166,000$1,242,871
19$2,278,431$801,207$174,300$1,302,924
20$2,392,353$843,358$183,015$1,365,980
21$2,511,971$887,617$192,166$1,432,188
22$2,637,569$934,088$201,774$1,501,707
23$2,769,447$982,883$211,863$1,574,701
24$2,907,920$1,034,118$222,456$1,651,346
25$3,053,316$1,087,915$233,579$1,731,823
26$3,205,982$1,144,401$245,258$1,816,323
27$3,366,281$1,203,712$257,520$1,905,049
28$3,534,595$1,265,988$270,396$1,998,210
29$3,711,324$1,331,378$283,916$2,096,030
30$3,896,891$1,400,037$298,112$2,198,741
Total$62,900,000$22,018,635$4,811,850$36,069,516

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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.