USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Oct 15, 1997

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The tax information provided here is based on 2026 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 $22,500,000 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:Wed, Oct 15, 1997
Jackpot:$22,500,000
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$401,177$109,181$0$291,996
2$417,224$114,798$0$302,427
3$433,913$120,639$0$313,274
4$451,270$126,714$0$324,556
5$469,321$133,031$0$336,289
6$488,093$139,602$0$348,491
7$507,617$146,435$0$361,182
8$527,922$153,542$0$374,380
9$549,039$160,933$0$388,106
10$571,000$168,619$0$402,381
11$593,840$176,613$0$417,227
12$617,594$184,927$0$432,667
13$642,298$193,607$0$448,690
14$667,990$203,113$0$464,876
15$694,709$213,000$0$481,710
16$722,498$223,281$0$499,216
17$751,397$233,974$0$517,423
18$781,453$245,095$0$536,358
19$812,711$256,660$0$556,051
20$845,220$268,689$0$576,531
21$879,029$281,198$0$597,831
22$914,190$294,207$0$619,982
23$950,757$307,738$0$643,020
24$988,788$321,809$0$666,979
25$1,028,339$336,443$0$691,896
26$1,069,473$351,662$0$717,811
27$1,112,252$367,490$0$744,761
28$1,156,742$383,952$0$772,790
29$1,203,011$401,072$0$801,940
30$1,251,132$418,876$0$832,256
Total$22,500,000$7,036,900$0$15,463,097

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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.