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Wisconsin Powerball Jackpot Annuity Payout Schedule for Jul 13, 2024

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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 $54,800,000 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:Sat, Jul 13, 2024
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$262,203$63,099$499,517
2$866,060$277,462$66,254$522,344
3$909,363$293,484$69,566$546,312
4$954,831$310,308$73,045$571,479
5$1,002,572$327,972$76,697$597,903
6$1,052,701$346,520$80,532$625,650
7$1,105,336$365,995$84,558$654,783
8$1,160,603$386,443$88,786$685,373
9$1,218,633$407,914$93,225$717,493
10$1,279,564$430,459$97,887$751,219
11$1,343,543$454,131$102,781$786,631
12$1,410,720$478,987$107,920$823,813
13$1,481,256$505,085$113,316$862,855
14$1,555,319$532,488$118,982$903,849
15$1,633,084$561,262$124,931$946,892
16$1,714,739$591,474$131,178$992,088
17$1,800,476$623,196$137,736$1,039,543
18$1,890,499$656,505$144,623$1,089,371
19$1,985,024$691,479$151,854$1,141,691
20$2,084,276$728,202$159,447$1,196,626
21$2,188,489$766,761$167,419$1,254,309
22$2,297,914$807,248$175,790$1,314,875
23$2,412,810$849,760$184,580$1,378,470
24$2,533,450$894,397$193,809$1,445,244
25$2,660,123$941,266$203,499$1,515,358
26$2,793,129$990,478$213,674$1,588,976
27$2,932,785$1,042,151$224,358$1,666,276
28$3,079,424$1,096,407$235,576$1,747,441
29$3,233,396$1,153,377$247,355$1,832,664
30$3,395,065$1,213,194$259,723$1,922,148
Total$54,800,000$18,986,608$4,192,200$31,621,193

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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.