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Wyoming Powerball Jackpot Annuity Payout Schedule for Feb 6, 2023

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The tax information provided here is based on 2022 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 Powerball 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 $747,000,000 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:Mon, Feb 6, 2023
Jackpot:$747,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,243,422$4,123,021$0$7,120,401
2$11,805,593$4,331,024$0$7,474,569
3$12,395,873$4,549,428$0$7,846,445
4$13,015,667$4,778,752$0$8,236,915
5$13,666,449$5,019,541$0$8,646,908
6$14,349,772$5,272,371$0$9,077,401
7$15,067,261$5,537,842$0$9,529,420
8$15,820,624$5,816,586$0$10,004,038
9$16,611,655$6,109,267$0$10,502,388
10$17,442,238$6,416,583$0$11,025,655
11$18,314,350$6,739,264$0$11,575,085
12$19,230,067$7,078,080$0$12,151,987
13$20,191,571$7,433,836$0$12,757,734
14$21,201,149$7,807,380$0$13,393,769
15$22,261,207$8,199,601$0$14,061,605
16$23,374,267$8,611,434$0$14,762,833
17$24,542,980$9,043,858$0$15,499,122
18$25,770,129$9,497,903$0$16,272,226
19$27,058,636$9,974,650$0$17,083,985
20$28,411,568$10,475,235$0$17,936,333
21$29,832,146$11,000,849$0$18,831,297
22$31,323,753$11,552,744$0$19,771,009
23$32,889,941$12,132,233$0$20,757,708
24$34,534,437$12,740,697$0$21,793,741
25$36,261,159$13,379,584$0$22,881,575
26$38,074,218$14,050,416$0$24,023,802
27$39,977,929$14,754,789$0$25,223,140
28$41,976,825$15,494,380$0$26,482,445
29$44,075,666$16,270,951$0$27,804,715
30$46,279,450$17,086,351$0$29,193,098
Total$747,000,001$275,278,650$0$471,721,349

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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.