USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Jul 2, 2011

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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 $20,000,000 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:Sat, Jul 2, 2011
Jackpot:$20,000,000
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$356,602$93,580$0$263,022
2$370,866$98,572$0$272,294
3$385,701$103,764$0$281,936
4$401,129$109,164$0$291,964
5$417,174$114,780$0$302,394
6$433,861$120,621$0$313,240
7$451,215$126,695$0$324,521
8$469,264$133,012$0$336,252
9$488,034$139,581$0$348,453
10$507,556$146,414$0$361,142
11$527,858$153,520$0$374,338
12$548,972$160,910$0$388,063
13$570,931$168,595$0$402,336
14$593,769$176,588$0$417,180
15$617,519$184,901$0$432,618
16$642,220$193,579$0$448,641
17$667,909$203,084$0$464,825
18$694,625$212,969$0$481,657
19$722,410$223,249$0$499,161
20$751,307$233,941$0$517,366
21$781,359$245,060$0$536,299
22$812,613$256,624$0$555,989
23$845,118$268,651$0$576,467
24$878,922$281,159$0$597,764
25$914,079$294,167$0$619,913
26$950,643$307,695$0$642,948
27$988,668$321,764$0$666,904
28$1,028,215$336,397$0$691,818
29$1,069,344$351,614$0$717,729
30$1,112,117$367,441$0$744,677
Total$20,000,000$6,128,091$0$13,871,911

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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.