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Wyoming Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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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 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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
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$4,831,511$1,745,847$0$3,085,664
2$5,073,086$1,835,230$0$3,237,857
3$5,326,740$1,929,082$0$3,397,659
4$5,593,078$2,027,626$0$3,565,451
5$5,872,731$2,131,098$0$3,741,633
6$6,166,368$2,239,744$0$3,926,624
7$6,474,687$2,353,822$0$4,120,865
8$6,798,421$2,473,603$0$4,324,817
9$7,138,342$2,599,374$0$4,538,968
10$7,495,259$2,731,434$0$4,763,825
11$7,870,022$2,870,096$0$4,999,926
12$8,263,523$3,015,691$0$5,247,832
13$8,676,699$3,168,566$0$5,508,133
14$9,110,534$3,329,085$0$5,781,449
15$9,566,061$3,497,630$0$6,068,430
16$10,044,364$3,674,602$0$6,369,761
17$10,546,582$3,860,423$0$6,686,159
18$11,073,911$4,055,535$0$7,018,376
19$11,627,606$4,260,402$0$7,367,204
20$12,208,987$4,475,513$0$7,733,474
21$12,819,436$4,701,379$0$8,118,057
22$13,460,408$4,938,539$0$8,521,869
23$14,133,428$5,187,556$0$8,945,872
24$14,840,100$5,449,025$0$9,391,075
25$15,582,105$5,723,566$0$9,858,538
26$16,361,210$6,011,836$0$10,349,375
27$17,179,271$6,314,518$0$10,864,753
28$18,038,234$6,632,334$0$11,405,900
29$18,940,146$6,966,042$0$11,974,104
30$19,887,153$7,316,434$0$12,570,719
Total$321,000,001$117,515,632$0$203,484,369

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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.