USA Mega

Wyoming Powerball Jackpot Annuity Payout Schedule for Oct 2, 2021

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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 $651,300,000 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, Oct 2, 2021
Jackpot:$651,300,000
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$9,803,000$3,585,298$0$6,217,702
2$10,293,150$3,766,653$0$6,526,497
3$10,807,807$3,957,076$0$6,850,731
4$11,348,198$4,157,021$0$7,191,177
5$11,915,607$4,366,962$0$7,548,645
6$12,511,388$4,587,401$0$7,923,986
7$13,136,957$4,818,862$0$8,318,095
8$13,793,805$5,061,896$0$8,731,910
9$14,483,495$5,317,081$0$9,166,414
10$15,207,670$5,585,026$0$9,622,644
11$15,968,054$5,866,368$0$10,101,686
12$16,766,456$6,161,777$0$10,604,680
13$17,604,779$6,471,956$0$11,132,823
14$18,485,018$6,797,644$0$11,687,374
15$19,409,269$7,139,617$0$12,269,652
16$20,379,733$7,498,689$0$12,881,044
17$21,398,719$7,875,714$0$13,523,005
18$22,468,655$8,271,590$0$14,197,065
19$23,592,087$8,687,260$0$14,904,827
20$24,771,692$9,123,714$0$15,647,978
21$26,010,276$9,581,990$0$16,428,286
22$27,310,790$10,063,180$0$17,247,610
23$28,676,330$10,568,430$0$18,107,900
24$30,110,146$11,098,942$0$19,011,204
25$31,615,653$11,655,980$0$19,959,674
26$33,196,437$12,240,869$0$20,955,567
27$34,856,258$12,855,003$0$22,001,255
28$36,599,071$13,499,844$0$23,099,227
29$38,429,024$14,176,927$0$24,252,098
30$40,350,476$14,887,864$0$25,462,612
Total$651,300,001$239,726,634$0$411,573,368

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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.