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Wisconsin Powerball Jackpot Annuity Payout Schedule for Mar 27, 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 $122,200,000 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, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$638,723$140,705$1,059,857
2$1,931,250$672,750$147,741$1,110,759
3$2,027,812$708,478$155,128$1,164,206
4$2,129,203$745,993$162,884$1,220,326
5$2,235,663$785,383$171,028$1,279,252
6$2,347,446$826,743$179,580$1,341,124
7$2,464,818$870,171$188,559$1,406,089
8$2,588,059$915,770$197,987$1,474,303
9$2,717,462$963,649$207,886$1,545,928
10$2,853,335$1,013,922$218,280$1,621,133
11$2,996,002$1,066,709$229,194$1,700,099
12$3,145,802$1,122,135$240,654$1,783,014
13$3,303,092$1,180,332$252,687$1,870,074
14$3,468,247$1,241,439$265,321$1,961,487
15$3,641,659$1,305,602$278,587$2,057,471
16$3,823,742$1,372,972$292,516$2,158,254
17$4,014,929$1,443,712$307,142$2,264,076
18$4,215,676$1,517,988$322,499$2,375,189
19$4,426,460$1,595,978$338,624$2,491,858
20$4,647,783$1,677,867$355,555$2,614,360
21$4,880,172$1,763,851$373,333$2,742,987
22$5,124,180$1,854,134$392,000$2,878,046
23$5,380,389$1,948,932$411,600$3,019,858
24$5,649,409$2,048,469$432,180$3,168,760
25$5,931,879$2,152,983$453,789$3,325,107
26$6,228,473$2,262,723$476,478$3,489,272
27$6,539,897$2,377,950$500,302$3,661,645
28$6,866,892$2,498,938$525,317$3,842,637
29$7,210,236$2,625,975$551,583$4,032,678
30$7,570,748$2,759,365$579,162$4,232,221
Total$122,200,000$43,959,636$9,348,301$68,892,070

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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.