USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Aug 28, 2002

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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 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 $55,300,000 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, Aug 28, 2002
Jackpot:$55,300,000
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$986,004$323,009$0$662,995
2$1,025,445$337,602$0$687,842
3$1,066,462$352,779$0$713,684
4$1,109,121$368,562$0$740,558
5$1,153,486$384,977$0$768,508
6$1,199,625$402,049$0$797,576
7$1,247,610$419,804$0$827,807
8$1,297,515$438,268$0$859,246
9$1,349,415$457,471$0$891,944
10$1,403,392$477,443$0$925,949
11$1,459,527$498,213$0$961,315
12$1,517,909$519,814$0$998,095
13$1,578,625$542,279$0$1,036,346
14$1,641,770$565,643$0$1,076,127
15$1,707,441$589,941$0$1,117,500
16$1,775,738$615,211$0$1,160,527
17$1,846,768$641,492$0$1,205,276
18$1,920,639$668,824$0$1,251,815
19$1,997,464$697,249$0$1,300,215
20$2,077,363$726,812$0$1,350,551
21$2,160,457$757,557$0$1,402,900
22$2,246,876$789,532$0$1,457,344
23$2,336,751$822,785$0$1,513,965
24$2,430,221$857,369$0$1,572,851
25$2,527,429$893,337$0$1,634,093
26$2,628,527$930,743$0$1,697,784
27$2,733,668$969,645$0$1,764,023
28$2,843,014$1,010,103$0$1,832,911
29$2,956,735$1,052,180$0$1,904,555
30$3,075,004$1,095,939$0$1,979,065
Total$55,300,000$19,206,632$0$36,093,367

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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.