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Wyoming Mega Millions Jackpot Annuity Payout Schedule for Dec 1, 2023

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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 $355,000,000 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, Dec 1, 2023
Jackpot:$355,000,000
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$5,343,259$1,935,194$0$3,408,066
2$5,610,422$2,034,044$0$3,576,378
3$5,890,943$2,137,837$0$3,753,107
4$6,185,491$2,246,819$0$3,938,672
5$6,494,765$2,361,251$0$4,133,514
6$6,819,503$2,481,404$0$4,338,099
7$7,160,479$2,607,565$0$4,552,914
8$7,518,503$2,740,034$0$4,778,469
9$7,894,428$2,879,126$0$5,015,302
10$8,289,149$3,025,173$0$5,263,976
11$8,703,607$3,178,522$0$5,525,084
12$9,138,787$3,339,539$0$5,799,248
13$9,595,726$3,508,606$0$6,087,120
14$10,075,513$3,686,127$0$6,389,385
15$10,579,288$3,872,524$0$6,706,764
16$11,108,253$4,068,241$0$7,040,012
17$11,663,665$4,273,744$0$7,389,921
18$12,246,849$4,489,522$0$7,757,327
19$12,859,191$4,716,088$0$8,143,103
20$13,502,151$4,953,983$0$8,548,167
21$14,177,258$5,203,773$0$8,973,485
22$14,886,121$5,466,052$0$9,420,068
23$15,630,427$5,741,446$0$9,888,981
24$16,411,948$6,030,609$0$10,381,340
25$17,232,546$6,334,230$0$10,898,316
26$18,094,173$6,653,032$0$11,441,141
27$18,998,882$6,987,774$0$12,011,108
28$19,948,826$7,339,253$0$12,609,572
29$20,946,267$7,708,307$0$13,237,960
30$21,993,581$8,095,813$0$13,897,768
Total$355,000,001$130,095,632$0$224,904,367

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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.