USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Jul 20, 2005

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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 $38,100,000 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, Jul 20, 2005
Jackpot:$38,100,000
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$679,327$207,308$0$472,019
2$706,500$217,362$0$489,138
3$734,760$227,818$0$506,941
4$764,150$238,693$0$525,457
5$794,716$250,002$0$544,714
6$826,505$261,764$0$564,741
7$859,565$273,996$0$585,569
8$893,948$286,718$0$607,230
9$929,706$299,948$0$629,757
10$966,894$313,708$0$653,186
11$1,005,570$328,018$0$677,552
12$1,045,792$342,900$0$702,892
13$1,087,624$358,378$0$729,246
14$1,131,129$374,475$0$756,654
15$1,176,374$391,216$0$785,158
16$1,223,429$408,626$0$814,803
17$1,272,366$426,733$0$845,634
18$1,323,261$445,564$0$877,697
19$1,376,191$465,148$0$911,043
20$1,431,239$485,516$0$945,723
21$1,488,489$506,698$0$981,791
22$1,548,028$528,728$0$1,019,300
23$1,609,949$551,638$0$1,058,311
24$1,674,347$575,466$0$1,098,882
25$1,741,321$600,246$0$1,141,075
26$1,810,974$626,018$0$1,184,956
27$1,883,413$652,820$0$1,230,593
28$1,958,749$680,695$0$1,278,055
29$2,037,099$709,684$0$1,327,415
30$2,118,583$739,833$0$1,378,750
Total$38,100,000$12,775,717$0$25,324,282

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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.