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Wyoming Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

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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 $516,000,000 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:Fri, May 21, 2021
Jackpot:$516,000,000
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$7,766,540$2,831,808$0$4,934,733
2$8,154,868$2,975,489$0$5,179,379
3$8,562,611$3,126,354$0$5,436,257
4$8,990,742$3,284,762$0$5,705,980
5$9,440,278$3,451,091$0$5,989,188
6$9,912,292$3,625,736$0$6,286,556
7$10,407,907$3,809,113$0$6,598,794
8$10,928,303$4,001,660$0$6,926,643
9$11,474,718$4,203,833$0$7,270,884
10$12,048,453$4,416,116$0$7,632,338
11$12,650,876$4,639,012$0$8,011,864
12$13,283,420$4,873,053$0$8,410,367
13$13,947,591$5,118,796$0$8,828,795
14$14,644,971$5,376,827$0$9,268,144
15$15,377,219$5,647,759$0$9,729,460
16$16,146,080$5,932,237$0$10,213,843
17$16,953,384$6,230,940$0$10,722,444
18$17,801,053$6,544,577$0$11,256,476
19$18,691,106$6,873,897$0$11,817,209
20$19,625,661$7,219,682$0$12,405,979
21$20,606,944$7,582,757$0$13,024,187
22$21,637,291$7,963,986$0$13,673,306
23$22,719,156$8,364,275$0$14,354,880
24$23,855,113$8,784,580$0$15,070,534
25$25,047,869$9,225,899$0$15,821,970
26$26,300,263$9,689,285$0$16,610,978
27$27,615,276$10,175,840$0$17,439,436
28$28,996,040$10,686,722$0$18,309,317
29$30,445,842$11,223,149$0$19,222,692
30$31,968,134$11,786,397$0$20,181,737
Total$516,000,001$189,665,632$0$326,334,370

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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.