USA Mega

Wisconsin Powerball Jackpot Annuity Payout Schedule for Oct 28, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $124,600,000 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, Oct 28, 2023
Jackpot:$124,600,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,875,409$652,089$143,469$1,079,851
2$1,969,179$686,784$150,642$1,131,753
3$2,067,638$723,214$158,174$1,186,250
4$2,171,020$761,465$166,083$1,243,472
5$2,279,571$801,629$174,387$1,303,555
6$2,393,550$843,801$183,107$1,366,642
7$2,513,227$888,082$192,262$1,432,884
8$2,638,889$934,577$201,875$1,502,437
9$2,770,833$983,396$211,969$1,575,468
10$2,909,375$1,034,656$222,567$1,652,151
11$3,054,843$1,088,480$233,696$1,732,668
12$3,207,586$1,144,994$245,380$1,817,211
13$3,367,965$1,204,335$257,649$1,905,981
14$3,536,363$1,266,642$270,532$1,999,189
15$3,713,181$1,332,065$284,058$2,097,058
16$3,898,840$1,400,759$298,261$2,199,820
17$4,093,782$1,472,887$313,174$2,307,721
18$4,298,471$1,548,622$328,833$2,421,016
19$4,513,395$1,628,144$345,275$2,539,976
20$4,739,065$1,711,642$362,538$2,664,885
21$4,976,018$1,799,314$380,665$2,796,038
22$5,224,819$1,891,371$399,699$2,933,749
23$5,486,060$1,988,030$419,684$3,078,346
24$5,760,363$2,089,522$440,668$3,230,173
25$6,048,381$2,196,089$462,701$3,389,591
26$6,350,800$2,307,984$485,836$3,556,980
27$6,668,340$2,425,474$510,128$3,732,738
28$7,001,757$2,548,838$535,634$3,917,285
29$7,351,845$2,678,370$562,416$4,111,058
30$7,719,437$2,814,379$590,537$4,314,521
Total$124,600,000$44,847,634$9,531,899$70,220,467

◄ Back to Jackpot Analysis

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.