USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Jun 13, 2007

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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 $54,800,000 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 13, 2007
Jackpot:$54,800,000
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$977,089$317,480$0$659,609
2$1,016,173$331,941$0$684,232
3$1,056,820$346,981$0$709,839
4$1,099,093$362,622$0$736,471
5$1,143,056$378,888$0$764,168
6$1,188,779$395,805$0$792,973
7$1,236,330$413,399$0$822,931
8$1,285,783$431,697$0$854,086
9$1,337,214$450,727$0$886,488
10$1,390,703$470,517$0$920,186
11$1,446,331$491,100$0$955,231
12$1,504,184$512,505$0$991,679
13$1,564,352$534,767$0$1,029,584
14$1,626,926$557,920$0$1,069,006
15$1,692,003$581,998$0$1,110,004
16$1,759,683$607,040$0$1,152,643
17$1,830,070$633,083$0$1,196,987
18$1,903,273$660,168$0$1,243,105
19$1,979,404$688,337$0$1,291,067
20$2,058,580$717,632$0$1,340,948
21$2,140,923$748,099$0$1,392,824
22$2,226,560$779,785$0$1,446,776
23$2,315,623$812,738$0$1,502,885
24$2,408,248$847,009$0$1,561,239
25$2,504,577$882,651$0$1,621,927
26$2,604,761$919,719$0$1,685,042
27$2,708,951$958,269$0$1,750,682
28$2,817,309$998,362$0$1,818,947
29$2,930,001$1,040,058$0$1,889,944
30$3,047,201$1,083,422$0$1,963,780
Total$54,800,000$18,954,719$0$35,845,283

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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.