USA Mega

Wyoming Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 2021

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The tax information provided here is based on 2021 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 $625,000,000 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 prize money, as well as deductions claimed.

State:

Wyoming

Drawing Date:Tue, Jan 12, 2021
Jackpot:$625,000,000
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$9,407,147$3,444,717$0$5,962,430
2$9,877,504$3,618,749$0$6,258,756
3$10,371,379$3,801,483$0$6,569,897
4$10,889,949$3,993,353$0$6,896,595
5$11,434,446$4,194,817$0$7,239,628
6$12,006,168$4,406,354$0$7,599,814
7$12,606,477$4,628,469$0$7,978,008
8$13,236,801$4,861,688$0$8,375,112
9$13,898,641$5,106,569$0$8,792,071
10$14,593,573$5,363,694$0$9,229,878
11$15,323,251$5,633,675$0$9,689,576
12$16,089,414$5,917,155$0$10,172,258
13$16,893,884$6,214,809$0$10,679,075
14$17,738,579$6,527,346$0$11,211,232
15$18,625,508$6,855,510$0$11,769,997
16$19,556,783$7,200,082$0$12,356,701
17$20,534,622$7,561,882$0$12,972,740
18$21,561,353$7,941,773$0$13,619,580
19$22,639,421$8,340,658$0$14,298,763
20$23,771,392$8,759,487$0$15,011,905
21$24,959,961$9,199,258$0$15,760,703
22$26,207,959$9,661,017$0$16,546,942
23$27,518,358$10,145,865$0$17,372,493
24$28,894,275$10,654,954$0$18,239,321
25$30,338,989$11,189,498$0$19,149,491
26$31,855,939$11,750,770$0$20,105,169
27$33,448,736$12,340,104$0$21,108,631
28$35,121,172$12,958,906$0$22,162,266
29$36,877,231$13,608,648$0$23,268,583
30$38,721,093$14,290,876$0$24,430,216
Total$625,000,001$230,172,166$0$394,827,831

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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.