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Wisconsin Powerball Jackpot Annuity Payout Schedule for Jan 5, 2005

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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 $28,900,000 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, Jan 5, 2005
Jackpot:$28,900,000
Federal Tax:37% marginal rate
State Tax: 7.65%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$515,290$149,121$39,420$326,749
2$535,901$156,335$40,996$338,570
3$557,338$163,837$42,636$350,864
4$579,631$171,640$44,342$363,649
5$602,816$179,755$46,115$376,946
6$626,929$188,194$47,960$390,774
7$652,006$197,199$49,878$404,928
8$678,086$206,849$51,874$419,364
9$705,210$216,885$53,949$434,376
10$733,418$227,322$56,106$449,990
11$762,755$238,177$58,351$466,228
12$793,265$249,465$60,685$483,115
13$824,996$261,206$63,112$500,678
14$857,996$273,416$65,637$518,943
15$892,315$286,114$68,262$537,939
16$928,008$299,320$70,993$557,695
17$965,128$313,055$73,832$578,241
18$1,003,733$327,339$76,786$599,609
19$1,043,883$342,194$79,857$621,832
20$1,085,638$357,643$83,051$644,943
21$1,129,064$373,711$86,373$668,979
22$1,174,226$390,421$89,828$693,977
23$1,221,195$407,799$93,421$719,974
24$1,270,043$425,873$97,158$747,012
25$1,320,845$444,670$101,045$775,130
26$1,373,678$464,218$105,086$804,374
27$1,428,626$484,549$109,290$834,787
28$1,485,771$505,692$113,661$866,417
29$1,545,201$527,682$118,208$899,312
30$1,607,009$550,551$122,936$933,523
Total$28,900,000$9,380,232$2,210,848$17,308,918

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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.