Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 25, 2025 is estimated to be $46 Million, with a cash option of 20.5 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 Jan 25, 2025

Draw Date	Jackpot	Cash Option
Sat Jan 25, 2025	$46,000,000	$20,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$20,500,000
Federal Tax(24%)	$4,920,000
Additional Federal Tax	$2,625,330
State Tax(0%)	$0
Net Lumpsum Payment	$12,954,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$0	$475,848
2	$726,984	-$229,314 -$0	$497,670
3	$763,324	-$242,760 -$0	$520,564
4	$801,504	-$256,887 -$0	$544,617
5	$841,570	-$271,711 -$0	$569,859
6	$883,660	-$287,285 -$0	$596,375
7	$927,820	-$303,624 -$0	$624,196
8	$974,234	-$320,797 -$0	$653,437
9	$1,022,948	-$338,821 -$0	$684,127
10	$1,074,100	-$357,747 -$0	$716,353
11	$1,127,782	-$377,610 -$0	$750,172
12	$1,184,178	-$398,476 -$0	$785,702
13	$1,243,380	-$420,381 -$0	$822,999
14	$1,305,572	-$443,392 -$0	$862,180
15	$1,370,846	-$467,543 -$0	$903,303
16	$1,439,386	-$492,903 -$0	$946,483
17	$1,511,330	-$519,522 -$0	$991,808
18	$1,586,908	-$547,486 -$0	$1,039,422
19	$1,666,258	-$576,846 -$0	$1,089,412
20	$1,749,564	-$607,669 -$0	$1,141,895
21	$1,837,056	-$640,041 -$0	$1,197,015
22	$1,928,918	-$674,030 -$0	$1,254,888
23	$2,025,334	-$709,704 -$0	$1,315,630
24	$2,126,626	-$747,182 -$0	$1,379,444
25	$2,232,932	-$786,515 -$0	$1,446,417
26	$2,344,620	-$827,840 -$0	$1,516,780
27	$2,461,828	-$871,207 -$0	$1,590,621
28	$2,584,924	-$916,752 -$0	$1,668,172
29	$2,714,184	-$964,578 -$0	$1,749,606
30	$2,849,884	-$1,014,787 -$0	$1,835,097