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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 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 $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 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$403,153$92,000$707,457
2$1,262,740$425,402$96,600$740,739
3$1,325,877$448,762$101,430$775,685
4$1,392,171$473,291$106,501$812,379
5$1,461,780$499,046$111,826$850,907
6$1,534,869$526,089$117,417$891,362
7$1,611,612$554,484$123,288$933,839
8$1,692,193$584,299$129,453$978,441
9$1,776,802$615,605$135,925$1,025,272
10$1,865,642$648,475$142,722$1,074,445
11$1,958,924$682,990$149,858$1,126,077
12$2,056,871$719,230$157,351$1,180,290
13$2,159,714$757,282$165,218$1,237,214
14$2,267,700$797,237$173,479$1,296,984
15$2,381,085$839,189$182,153$1,359,743
16$2,500,139$883,239$191,261$1,425,639
17$2,625,146$929,492$200,824$1,494,831
18$2,756,403$978,057$210,865$1,567,482
19$2,894,224$1,029,050$221,408$1,643,765
20$3,038,935$1,082,594$232,479$1,723,863
21$3,190,881$1,138,814$244,102$1,807,965
22$3,350,426$1,197,845$256,308$1,896,273
23$3,517,947$1,259,828$269,123$1,988,996
24$3,693,844$1,324,910$282,579$2,086,355
25$3,878,536$1,393,246$296,708$2,188,582
26$4,072,463$1,464,999$311,543$2,295,921
27$4,276,086$1,540,340$327,121$2,408,626
28$4,489,891$1,619,447$343,477$2,526,967
29$4,714,385$1,702,510$360,650$2,651,224
30$4,950,104$1,789,726$378,683$2,781,695
Total$79,900,000$28,308,631$6,112,352$45,479,018

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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.