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Wisconsin Powerball Jackpot Annuity Payout Schedule for Nov 23, 2022

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The tax information provided here is based on 2022 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 $32,200,000 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 prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Wed, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$37,076$304,197
2$508,889$151,864$38,930$318,095
3$534,333$160,770$40,877$332,687
4$561,050$170,544$42,920$347,586
5$589,103$180,923$45,066$363,113
6$618,558$191,821$47,320$379,417
7$649,486$203,265$49,686$396,535
8$681,960$215,280$52,170$414,510
9$716,058$227,896$54,778$433,383
10$751,861$241,144$57,517$453,200
11$789,454$255,053$60,393$474,008
12$828,927$269,658$63,413$495,856
13$870,373$284,993$66,584$518,796
14$913,892$301,095$69,913$542,884
15$959,586$318,002$73,408$568,176
16$1,007,565$335,754$77,079$594,732
17$1,057,944$354,394$80,933$622,617
18$1,110,841$373,966$84,979$651,895
19$1,166,383$394,517$89,228$682,638
20$1,224,702$416,095$93,690$714,918
21$1,285,937$438,752$98,374$748,811
22$1,350,234$462,542$103,293$784,400
23$1,417,746$487,521$108,458$821,767
24$1,488,633$513,749$113,880$861,003
25$1,563,065$541,289$119,574$902,201
26$1,641,218$570,206$125,553$945,459
27$1,723,279$600,568$131,831$990,880
28$1,809,443$632,449$138,422$1,038,572
29$1,899,915$665,924$145,343$1,088,648
30$1,994,911$701,072$152,611$1,141,228
Total$32,200,000$10,804,489$2,463,299$18,932,212

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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.