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Wisconsin Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $79,900,000 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 prize money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Sat, Dec 3, 2022
Jackpot:$79,900,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,202,610$407,921$92,000$702,689
2$1,262,740$430,169$96,600$735,972
3$1,325,877$453,530$101,430$770,918
4$1,392,171$478,058$106,501$807,612
5$1,461,780$503,813$111,826$846,140
6$1,534,869$530,856$117,417$886,595
7$1,611,612$559,251$123,288$929,072
8$1,692,193$589,066$129,453$973,674
9$1,776,802$620,372$135,925$1,020,505
10$1,865,642$653,243$142,722$1,069,678
11$1,958,924$687,757$149,858$1,121,310
12$2,056,871$723,997$157,351$1,175,523
13$2,159,714$762,049$165,218$1,232,447
14$2,267,700$802,004$173,479$1,292,217
15$2,381,085$843,956$182,153$1,354,975
16$2,500,139$888,006$191,261$1,420,872
17$2,625,146$934,259$200,824$1,490,063
18$2,756,403$982,824$210,865$1,562,714
19$2,894,224$1,033,818$221,408$1,638,998
20$3,038,935$1,087,361$232,479$1,719,095
21$3,190,881$1,143,581$244,102$1,803,198
22$3,350,426$1,202,612$256,308$1,891,506
23$3,517,947$1,264,595$269,123$1,984,229
24$3,693,844$1,329,677$282,579$2,081,588
25$3,878,536$1,398,013$296,708$2,183,815
26$4,072,463$1,469,766$311,543$2,291,153
27$4,276,086$1,545,107$327,121$2,403,859
28$4,489,891$1,624,215$343,477$2,522,199
29$4,714,385$1,707,278$360,650$2,646,457
30$4,950,104$1,794,494$378,683$2,776,928
Total$79,900,000$28,451,648$6,112,352$45,336,001

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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.