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Wisconsin Powerball Jackpot Annuity Payout Schedule for Feb 1, 2023

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The tax information provided here is based on 2026 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 $646,100,000 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, Feb 1, 2023
Jackpot:$646,100,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,724,732$3,554,108$743,942$5,426,682
2$10,210,969$3,734,016$781,139$5,695,814
3$10,721,517$3,922,919$820,196$5,978,402
4$11,257,593$4,121,267$861,206$6,275,121
5$11,820,473$4,329,532$904,266$6,586,674
6$12,411,496$4,548,211$949,479$6,913,806
7$13,032,072$4,777,824$996,953$7,257,294
8$13,683,675$5,018,917$1,046,801$7,617,957
9$14,367,859$5,272,065$1,099,141$7,996,653
10$15,086,252$5,537,870$1,154,098$8,394,283
11$15,840,564$5,816,966$1,211,803$8,811,795
12$16,632,592$6,110,016$1,272,393$9,250,183
13$17,464,222$6,417,719$1,336,013$9,710,490
14$18,337,433$6,740,808$1,402,814$10,193,812
15$19,254,305$7,080,050$1,472,954$10,701,300
16$20,217,020$7,436,255$1,546,602$11,234,163
17$21,227,871$7,810,269$1,623,932$11,793,669
18$22,289,264$8,202,985$1,705,129$12,381,151
19$23,403,727$8,615,336$1,790,385$12,998,006
20$24,573,914$9,048,305$1,879,904$13,645,704
21$25,802,610$9,502,923$1,973,900$14,325,787
22$27,092,740$9,980,271$2,072,595$15,039,874
23$28,447,377$10,481,487$2,176,224$15,789,666
24$29,869,746$11,007,763$2,285,036$16,576,947
25$31,363,233$11,560,353$2,399,287$17,403,592
26$32,931,395$12,140,573$2,519,252$18,271,570
27$34,577,965$12,749,804$2,645,214$19,182,946
28$36,306,863$13,389,496$2,777,475$20,139,891
29$38,122,206$14,061,173$2,916,349$21,144,684
30$40,028,317$14,766,434$3,062,166$22,199,716
Total$646,100,001$237,735,715$49,426,648$358,937,632

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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.