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Wisconsin Powerball Jackpot Annuity Payout Schedule for Oct 25, 2023

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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 $103,400,000 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:Wed, Oct 25, 2023
Jackpot:$103,400,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,556,318$534,026$119,058$903,234
2$1,634,134$562,817$125,011$946,306
3$1,715,841$593,049$131,262$991,530
4$1,801,633$624,792$137,825$1,039,016
5$1,891,715$658,122$144,716$1,088,876
6$1,986,300$693,119$151,952$1,141,230
7$2,085,616$729,865$159,550$1,196,200
8$2,189,896$768,449$167,527$1,253,920
9$2,299,391$808,962$175,903$1,314,525
10$2,414,361$851,501$184,699$1,378,161
11$2,535,079$896,167$193,934$1,444,978
12$2,661,833$943,066$203,630$1,515,137
13$2,794,924$992,310$213,812$1,588,803
14$2,934,670$1,044,016$224,502$1,666,152
15$3,081,404$1,098,307$235,727$1,747,369
16$3,235,474$1,155,313$247,514$1,832,647
17$3,397,248$1,215,169$259,889$1,922,189
18$3,567,110$1,278,019$272,884$2,016,208
19$3,745,466$1,344,010$286,528$2,114,928
20$3,932,739$1,413,301$300,855$2,218,583
21$4,129,376$1,486,057$315,897$2,327,422
22$4,335,845$1,562,450$331,692$2,441,702
23$4,552,637$1,642,663$348,277$2,561,697
24$4,780,269$1,726,887$365,691$2,687,691
25$5,019,282$1,815,322$383,975$2,819,985
26$5,270,247$1,908,179$403,174$2,958,894
27$5,533,759$2,005,679$423,333$3,104,748
28$5,810,447$2,108,053$444,499$3,257,894
29$6,100,969$2,215,546$466,724$3,418,699
30$6,406,018$2,328,414$490,060$3,587,543
Total$103,400,000$37,003,630$7,910,100$58,486,267

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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.