USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Aug 7, 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 $22,100,000 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 7, 2002
Jackpot:$22,100,000
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$394,045$108,291$0$285,755
2$409,807$113,807$0$296,000
3$426,199$119,544$0$306,655
4$443,247$125,511$0$317,736
5$460,977$131,717$0$329,260
6$479,416$138,170$0$341,246
7$498,593$144,882$0$353,711
8$518,537$151,863$0$366,674
9$539,278$159,122$0$380,156
10$560,849$166,672$0$394,177
11$583,283$174,524$0$408,759
12$606,614$182,690$0$423,925
13$630,879$191,613$0$439,266
14$656,114$200,950$0$455,164
15$682,359$210,660$0$471,698
16$709,653$220,759$0$488,894
17$738,039$231,262$0$506,777
18$767,561$242,185$0$525,376
19$798,263$253,545$0$544,718
20$830,194$265,359$0$564,834
21$863,402$277,646$0$585,755
22$897,938$290,425$0$607,513
23$933,855$303,714$0$630,141
24$971,209$317,535$0$653,674
25$1,010,058$331,909$0$678,149
26$1,050,460$346,858$0$703,602
27$1,092,478$362,405$0$730,074
28$1,136,178$378,573$0$757,604
29$1,181,625$395,389$0$786,236
30$1,228,890$412,877$0$816,013
Total$22,100,000$6,950,457$0$15,149,542

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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.