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Wisconsin Powerball Jackpot Annuity Payout Schedule for Nov 27, 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 $354,700,000 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, Nov 27, 2023
Jackpot:$354,700,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,338,744$1,932,356$408,414$2,997,975
2$5,605,681$2,031,122$428,835$3,145,724
3$5,885,965$2,134,827$450,276$3,300,862
4$6,180,264$2,243,718$472,790$3,463,756
5$6,489,277$2,358,053$496,430$3,634,794
6$6,813,741$2,478,104$521,251$3,814,385
7$7,154,428$2,604,159$547,314$4,002,956
8$7,512,149$2,736,515$574,679$4,200,954
9$7,887,757$2,875,490$603,413$4,408,853
10$8,282,144$3,021,414$633,584$4,627,147
11$8,696,252$3,174,633$665,263$4,856,355
12$9,131,064$3,335,514$698,526$5,097,024
13$9,587,617$3,504,439$733,453$5,349,726
14$10,066,998$3,681,810$770,125$5,615,063
15$10,570,348$3,868,049$808,632$5,893,667
16$11,098,866$4,063,601$849,063$6,186,202
17$11,653,809$4,268,929$891,516$6,493,363
18$12,236,499$4,484,525$936,092$6,815,882
19$12,848,324$4,710,900$982,897$7,154,527
20$13,490,740$4,948,594$1,032,042$7,510,105
21$14,165,277$5,198,173$1,083,644$7,883,461
22$14,873,541$5,460,230$1,137,826$8,275,485
23$15,617,218$5,735,391$1,194,717$8,687,110
24$16,398,079$6,024,309$1,254,453$9,119,316
25$17,217,983$6,327,674$1,317,176$9,573,133
26$18,078,882$6,646,207$1,383,035$10,049,641
27$18,982,826$6,980,666$1,452,186$10,549,974
28$19,931,967$7,331,848$1,524,796$11,075,324
29$20,928,566$7,700,590$1,601,035$11,626,941
30$21,974,994$8,087,768$1,681,087$12,206,139
Total$354,700,001$129,949,608$27,134,550$197,615,844

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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.