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Wisconsin Powerball Jackpot Annuity Payout Schedule for Apr 24, 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 $28,200,000 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, Apr 24, 2023
Jackpot:$28,200,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$424,450$118,932$32,470$273,048
2$445,673$126,360$34,094$285,219
3$467,957$134,160$35,799$297,998
4$491,354$142,349$37,589$311,417
5$515,922$150,948$39,468$325,507
6$541,718$159,976$41,441$340,301
7$568,804$169,456$43,514$355,834
8$597,244$179,410$45,689$372,145
9$627,107$190,217$47,974$388,916
10$658,462$201,819$50,372$406,271
11$691,385$214,000$52,891$424,494
12$725,954$226,791$55,536$443,628
13$762,252$240,221$58,312$463,719
14$800,365$254,323$61,228$484,814
15$840,383$269,129$64,289$506,964
16$882,402$284,677$67,504$530,222
17$926,522$301,001$70,879$554,642
18$972,848$318,142$74,423$580,284
19$1,021,491$336,139$78,144$607,207
20$1,072,565$355,037$82,051$635,477
21$1,126,193$374,879$86,154$665,160
22$1,182,503$395,714$90,461$696,328
23$1,241,628$417,590$94,985$729,054
24$1,303,710$440,560$99,734$763,416
25$1,368,895$464,679$104,720$799,496
26$1,437,340$490,004$109,957$837,380
27$1,509,207$516,594$115,454$877,158
28$1,584,667$544,515$121,227$918,926
29$1,663,901$573,831$127,288$962,781
30$1,747,096$604,613$133,653$1,008,830
Total$28,200,000$9,196,066$2,157,300$16,846,636

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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.