USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Jun 26, 2002

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The tax information provided here is based on 2025 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 $12,000,000 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:Wed, Jun 26, 2002
Jackpot:$12,000,000
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$213,961$45,531$0$168,431
2$222,520$48,269$0$174,250
3$231,420$51,118$0$180,303
4$240,677$54,080$0$186,598
5$250,304$57,160$0$193,144
6$260,317$60,658$0$199,658
7$270,729$64,302$0$206,427
8$281,558$68,093$0$213,466
9$292,821$72,034$0$220,786
10$304,533$76,134$0$228,400
11$316,715$80,397$0$236,317
12$329,383$84,831$0$244,552
13$342,559$89,443$0$253,116
14$356,261$94,239$0$262,022
15$370,512$99,226$0$271,285
16$385,332$104,413$0$280,919
17$400,745$109,808$0$290,937
18$416,775$115,419$0$301,357
19$433,446$121,253$0$312,193
20$450,784$127,322$0$323,462
21$468,815$133,633$0$335,183
22$487,568$140,196$0$347,372
23$507,071$147,022$0$360,049
24$527,353$154,121$0$373,233
25$548,448$161,504$0$386,944
26$570,386$169,182$0$401,203
27$593,201$177,168$0$416,033
28$616,929$185,472$0$431,457
29$641,606$194,415$0$447,192
30$667,270$203,910$0$463,360
Total$12,000,000$3,290,353$0$8,709,649

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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.