Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 18, 2024 is estimated to be $61 Million, with a cash option of 29.3 Million. If you win the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue Jun 18, 2024

Draw Date Jackpot Cash Option
Tue Jun 18, 2024$61,000,000$29,300,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$29,300,000
Federal Tax(24%)$7,032,000
Additional Federal Tax$3,769,330
State Tax(0%)$0
Net Lumpsum Payment$18,498,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $918,111 -$300,031
-$0
$618,080
2 $964,044 -$317,027
-$0
$647,017
3 $1,012,234 -$334,857
-$0
$677,377
4 $1,062,864 -$353,590
-$0
$709,274
5 $1,115,995 -$373,249
-$0
$742,746
6 $1,171,810 -$393,900
-$0
$777,910
7 $1,230,370 -$415,567
-$0
$814,803
8 $1,291,919 -$438,340
-$0
$853,579
9 $1,356,518 -$462,242
-$0
$894,276
10 $1,424,350 -$487,340
-$0
$937,010
11 $1,495,537 -$513,679
-$0
$981,858
12 $1,570,323 -$541,350
-$0
$1,028,973
13 $1,648,830 -$570,397
-$0
$1,078,433
14 $1,731,302 -$600,912
-$0
$1,130,390
15 $1,817,861 -$632,939
-$0
$1,184,922
16 $1,908,751 -$666,568
-$0
$1,242,183
17 $2,004,155 -$701,868
-$0
$1,302,287
18 $2,104,378 -$738,950
-$0
$1,365,428
19 $2,209,603 -$777,883
-$0
$1,431,720
20 $2,320,074 -$818,758
-$0
$1,501,316
21 $2,436,096 -$861,686
-$0
$1,574,410
22 $2,557,913 -$906,758
-$0
$1,651,155
23 $2,685,769 -$954,065
-$0
$1,731,704
24 $2,820,091 -$1,003,764
-$0
$1,816,327
25 $2,961,062 -$1,055,923
-$0
$1,905,139
26 $3,109,170 -$1,110,723
-$0
$1,998,447
27 $3,264,598 -$1,168,232
-$0
$2,096,366
28 $3,427,834 -$1,228,629
-$0
$2,199,205
29 $3,599,244 -$1,292,051
-$0
$2,307,193
30 $3,779,194 -$1,358,632
-$0
$2,420,562
Cash Option: $29.3 Million
Next Draw: Tue Jun 18
Mega Millions
Fri Jun 14, 2024
012526316502

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