USA Mega

Wyoming Mega Millions Jackpot Annuity Payout Schedule for Aug 18, 1998

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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 Mega Millions 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 $19,000,000 for a ticket purchased in Wyoming, 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:

Wyoming

Drawing Date:Tue, Aug 18, 1998
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$69,639$0$216,338
2$300,276$74,644$0$225,632
3$315,290$79,899$0$235,391
4$331,054$85,416$0$245,638
5$347,607$91,210$0$256,397
6$364,988$97,293$0$267,695
7$383,237$103,680$0$279,557
8$402,399$110,387$0$292,012
9$422,519$117,429$0$305,090
10$443,645$124,823$0$318,822
11$465,827$132,587$0$333,240
12$489,118$140,739$0$348,380
13$513,574$149,298$0$364,276
14$539,253$158,286$0$380,967
15$566,215$167,723$0$398,493
16$594,526$177,631$0$416,895
17$624,253$188,036$0$436,217
18$655,465$199,542$0$455,923
19$688,238$211,668$0$476,570
20$722,650$224,401$0$498,249
21$758,783$237,770$0$521,013
22$796,722$251,807$0$544,915
23$836,558$266,547$0$570,011
24$878,386$282,023$0$596,363
25$922,305$298,273$0$624,032
26$968,421$315,336$0$653,085
27$1,016,842$333,252$0$683,590
28$1,067,684$352,063$0$715,620
29$1,121,068$371,815$0$749,252
30$1,177,121$392,555$0$784,566
Total$19,000,000$5,805,772$0$13,194,229

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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.