Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 24, 2026 is estimated to be $327 Million, with a cash option of 148 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 Wed Jun 24, 2026

Draw Date	Jackpot	Cash Option
Wed Jun 24, 2026	$327,000,000	$148,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$148,000,000
Federal Tax(24%)	$35,520,000
Additional Federal Tax	$19,200,330
State Tax(0%)	$0
Net Lumpsum Payment	$93,279,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,921,677	-$1,781,351 -$0	$3,140,326
2	$5,167,908	-$1,872,456 -$0	$3,295,452
3	$5,426,238	-$1,968,038 -$0	$3,458,200
4	$5,697,648	-$2,068,460 -$0	$3,629,188
5	$5,982,465	-$2,173,842 -$0	$3,808,623
6	$6,281,670	-$2,284,548 -$0	$3,997,122
7	$6,595,590	-$2,400,699 -$0	$4,194,891
8	$6,925,533	-$2,522,778 -$0	$4,402,755
9	$7,271,826	-$2,650,906 -$0	$4,620,920
10	$7,635,450	-$2,785,447 -$0	$4,850,003
11	$8,017,059	-$2,926,642 -$0	$5,090,417
12	$8,417,961	-$3,074,976 -$0	$5,342,985
13	$8,838,810	-$3,230,690 -$0	$5,608,120
14	$9,280,914	-$3,394,269 -$0	$5,886,645
15	$9,744,927	-$3,565,953 -$0	$6,178,974
16	$10,232,157	-$3,746,228 -$0	$6,485,929
17	$10,743,585	-$3,935,457 -$0	$6,808,128
18	$11,280,846	-$4,134,243 -$0	$7,146,603
19	$11,844,921	-$4,342,951 -$0	$7,501,970
20	$12,437,118	-$4,562,064 -$0	$7,875,054
21	$13,059,072	-$4,792,187 -$0	$8,266,885
22	$13,712,091	-$5,033,804 -$0	$8,678,287
23	$14,397,483	-$5,287,399 -$0	$9,110,084
24	$15,117,537	-$5,553,819 -$0	$9,563,718
25	$15,873,234	-$5,833,427 -$0	$10,039,807
26	$16,667,190	-$6,127,191 -$0	$10,539,999
27	$17,500,386	-$6,435,473 -$0	$11,064,913
28	$18,375,438	-$6,759,242 -$0	$11,616,196
29	$19,294,308	-$7,099,224 -$0	$12,195,084
30	$20,258,958	-$7,456,145 -$0	$12,802,813