Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 16, 2025 is estimated to be $565 Million, with a cash option of 258.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Wyoming, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming Powerball Jackpot/Cash Option for Sat Aug 16, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 16, 2025	$565,000,000	$258,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$258,800,000
Federal Tax(24%)	$62,112,000
Additional Federal Tax	$33,604,330
State Tax(0%)	$0
Net Lumpsum Payment	$163,083,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,503,815	-$3,106,742 -$0	$5,397,073
2	$8,929,260	-$3,264,157 -$0	$5,665,103
3	$9,375,610	-$3,429,306 -$0	$5,946,304
4	$9,844,560	-$3,602,818 -$0	$6,241,742
5	$10,336,675	-$3,784,900 -$0	$6,551,775
6	$10,853,650	-$3,976,181 -$0	$6,877,469
7	$11,396,050	-$4,176,869 -$0	$7,219,181
8	$11,966,135	-$4,387,800 -$0	$7,578,335
9	$12,564,470	-$4,609,184 -$0	$7,955,286
10	$13,192,750	-$4,841,648 -$0	$8,351,102
11	$13,852,105	-$5,085,609 -$0	$8,766,496
12	$14,544,795	-$5,341,905 -$0	$9,202,890
13	$15,271,950	-$5,610,952 -$0	$9,660,998
14	$16,035,830	-$5,893,587 -$0	$10,142,243
15	$16,837,565	-$6,190,229 -$0	$10,647,336
16	$17,679,415	-$6,501,714 -$0	$11,177,701
17	$18,563,075	-$6,828,668 -$0	$11,734,407
18	$19,491,370	-$7,172,137 -$0	$12,319,233
19	$20,465,995	-$7,532,749 -$0	$12,933,246
20	$21,489,210	-$7,911,338 -$0	$13,577,872
21	$22,563,840	-$8,308,951 -$0	$14,254,889
22	$23,692,145	-$8,726,424 -$0	$14,965,721
23	$24,876,385	-$9,164,593 -$0	$15,711,792
24	$26,120,515	-$9,624,921 -$0	$16,495,594
25	$27,426,230	-$10,108,035 -$0	$17,318,195
26	$28,798,050	-$10,615,609 -$0	$18,182,441
27	$30,237,670	-$11,148,268 -$0	$19,089,402
28	$31,749,610	-$11,707,686 -$0	$20,041,924
29	$33,337,260	-$12,295,117 -$0	$21,042,143
30	$35,004,010	-$12,911,814 -$0	$22,092,196