USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Jan 13, 2021

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The tax information provided here is based on 2021 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 $556,700,000 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 prize money, as well as deductions claimed.

State:

Wyoming

Drawing Date:Wed, Jan 13, 2021
Jackpot:$556,700,000
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$8,379,134$3,064,352$0$5,314,782
2$8,798,091$3,219,366$0$5,578,725
3$9,237,995$3,382,130$0$5,855,865
4$9,699,895$3,553,033$0$6,146,862
5$10,184,889$3,732,481$0$6,452,408
6$10,694,134$3,920,902$0$6,773,232
7$11,228,841$4,118,743$0$7,110,098
8$11,790,283$4,326,477$0$7,463,806
9$12,379,797$4,544,597$0$7,835,200
10$12,998,787$4,773,623$0$8,225,163
11$13,648,726$5,014,101$0$8,634,625
12$14,331,163$5,266,602$0$9,064,560
13$15,047,721$5,531,729$0$9,515,992
14$15,800,107$5,810,112$0$9,989,995
15$16,590,112$6,102,414$0$10,487,698
16$17,419,618$6,409,331$0$11,010,287
17$18,290,598$6,731,594$0$11,559,005
18$19,205,128$7,069,970$0$12,135,159
19$20,165,385$7,425,265$0$12,740,120
20$21,173,654$7,798,324$0$13,375,330
21$22,232,337$8,190,037$0$14,042,300
22$23,343,954$8,601,335$0$14,742,619
23$24,511,151$9,033,198$0$15,477,953
24$25,736,709$9,486,654$0$16,250,054
25$27,023,544$9,962,784$0$17,060,761
26$28,374,722$10,462,719$0$17,912,002
27$29,793,458$10,987,652$0$18,805,806
28$31,283,130$11,538,830$0$19,744,300
29$32,847,287$12,117,568$0$20,729,718
30$34,489,652$12,725,243$0$21,764,408
Total$556,700,001$204,901,166$0$351,798,833

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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.