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Wisconsin Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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The tax information provided here is based on 2025 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 $1,066,200,000 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 money, as well as deductions claimed.

State:

Wisconsin

Drawing Date:Mon, Oct 2, 2023
Jackpot:$1,066,200,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,047,840$5,894,721$1,227,660$8,925,459
2$16,850,232$6,191,606$1,289,043$9,369,583
3$17,692,744$6,503,335$1,353,495$9,835,913
4$18,577,381$6,830,651$1,421,170$10,325,560
5$19,506,249$7,174,333$1,492,228$10,839,689
6$20,481,562$7,535,198$1,566,840$11,379,524
7$21,505,641$7,914,107$1,645,182$11,946,352
8$22,580,923$8,311,962$1,727,441$12,541,521
9$23,709,969$8,729,709$1,813,813$13,166,448
10$24,895,467$9,168,343$1,904,503$13,822,621
11$26,140,241$9,628,909$1,999,728$14,511,603
12$27,447,253$10,112,504$2,099,715$15,235,034
13$28,819,615$10,620,278$2,204,701$15,994,637
14$30,260,596$11,153,441$2,314,936$16,792,220
15$31,773,626$11,713,262$2,430,682$17,629,682
16$33,362,307$12,301,074$2,552,217$18,509,017
17$35,030,422$12,918,276$2,679,827$19,432,318
18$36,781,944$13,566,339$2,813,819$20,401,785
19$38,621,040$14,246,805$2,954,510$21,419,726
20$40,552,093$14,961,295$3,102,235$22,488,563
21$42,579,697$15,711,508$3,257,347$23,610,842
22$44,708,682$16,499,233$3,420,214$24,789,235
23$46,944,116$17,326,343$3,591,225$26,026,548
24$49,291,322$18,194,809$3,770,786$27,325,726
25$51,755,888$19,106,699$3,959,325$28,689,864
26$54,343,683$20,064,183$4,157,292$30,122,208
27$57,060,867$21,069,541$4,365,156$31,626,170
28$59,913,910$22,125,167$4,583,414$33,205,329
29$62,909,605$23,233,574$4,812,585$34,863,446
30$66,055,086$24,397,402$5,053,214$36,604,470
Total$1,066,200,002$393,204,607$81,564,303$591,431,093

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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.