Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 8, 2024 is estimated to be $334 Million, with a cash option of 155.7 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Fri Nov 8, 2024

Draw Date Jackpot Cash Option
Fri Nov 8, 2024$334,000,000$155,700,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$155,700,000
Federal Tax(24%)$37,368,000
Additional Federal Tax$20,201,330
State Tax(0%)$0
Net Lumpsum Payment$98,130,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $5,027,034 -$1,820,333
-$0
$3,206,701
2 $5,278,536 -$1,913,389
-$0
$3,365,147
3 $5,542,396 -$2,011,017
-$0
$3,531,379
4 $5,819,616 -$2,113,588
-$0
$3,706,028
5 $6,110,530 -$2,221,226
-$0
$3,889,304
6 $6,416,140 -$2,334,302
-$0
$4,081,838
7 $6,736,780 -$2,452,939
-$0
$4,283,841
8 $7,073,786 -$2,577,631
-$0
$4,496,155
9 $7,427,492 -$2,708,502
-$0
$4,718,990
10 $7,798,900 -$2,845,923
-$0
$4,952,977
11 $8,188,678 -$2,990,141
-$0
$5,198,537
12 $8,598,162 -$3,141,650
-$0
$5,456,512
13 $9,028,020 -$3,300,698
-$0
$5,727,322
14 $9,479,588 -$3,467,778
-$0
$6,011,810
15 $9,953,534 -$3,643,138
-$0
$6,310,396
16 $10,451,194 -$3,827,272
-$0
$6,623,922
17 $10,973,570 -$4,020,551
-$0
$6,953,019
18 $11,522,332 -$4,223,593
-$0
$7,298,739
19 $12,098,482 -$4,436,769
-$0
$7,661,713
20 $12,703,356 -$4,660,572
-$0
$8,042,784
21 $13,338,624 -$4,895,621
-$0
$8,443,003
22 $14,005,622 -$5,142,411
-$0
$8,863,211
23 $14,705,686 -$5,401,434
-$0
$9,304,252
24 $15,441,154 -$5,673,557
-$0
$9,767,597
25 $16,213,028 -$5,959,151
-$0
$10,253,877
26 $17,023,980 -$6,259,203
-$0
$10,764,777
27 $17,875,012 -$6,574,085
-$0
$11,300,927
28 $18,768,796 -$6,904,785
-$0
$11,864,011
29 $19,707,336 -$7,252,045
-$0
$12,455,291
30 $20,692,636 -$7,616,606
-$0
$13,076,030
3
3
4
Cash Option: $155.7 Million
Next Draw: Fri Nov 8
Mega Millions
Tue Nov 5, 2024
022425525809

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