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Wisconsin Powerball Jackpot Annuity Payout Schedule for Feb 5, 2024

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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 $214,800,000 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, Feb 5, 2024
Jackpot:$214,800,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,233,048$1,154,416$247,328$1,831,304
2$3,394,701$1,214,227$259,695$1,920,779
3$3,564,436$1,277,029$272,679$2,014,727
4$3,742,658$1,342,971$286,313$2,113,373
5$3,929,790$1,412,210$300,629$2,216,951
6$4,126,280$1,484,911$315,660$2,325,708
7$4,332,594$1,561,248$331,443$2,439,903
8$4,549,224$1,641,400$348,016$2,559,808
9$4,776,685$1,725,561$365,416$2,685,707
10$5,015,519$1,813,930$383,687$2,817,902
11$5,266,295$1,906,717$402,872$2,956,707
12$5,529,610$2,004,143$423,015$3,102,451
13$5,806,090$2,106,441$444,166$3,255,483
14$6,096,395$2,213,854$466,374$3,416,167
15$6,401,214$2,326,637$489,693$3,584,884
16$6,721,275$2,445,060$514,178$3,762,038
17$7,057,339$2,569,403$539,886$3,948,049
18$7,410,206$2,699,964$566,881$4,143,361
19$7,780,716$2,837,053$595,225$4,348,439
20$8,169,752$2,980,996$624,986$4,563,770
21$8,578,239$3,132,136$656,235$4,789,868
22$9,007,151$3,290,834$689,047$5,027,271
23$9,457,509$3,457,466$723,499$5,276,544
24$9,930,384$3,632,430$759,674$5,538,280
25$10,426,904$3,816,142$797,658$5,813,103
26$10,948,249$4,009,040$837,541$6,101,668
27$11,495,661$4,211,582$879,418$6,404,661
28$12,070,444$4,424,252$923,389$6,722,803
29$12,673,967$4,647,555$969,558$7,056,853
30$13,307,665$4,882,024$1,018,036$7,407,605
Total$214,800,000$78,221,632$16,432,197$120,146,167

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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.