Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 18, 2025 is estimated to be $295 Million, with a cash option of 138.1 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 Oct 18, 2025

Draw Date	Jackpot	Cash Option
Sat Oct 18, 2025	$295,000,000	$138,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$138,100,000
Federal Tax(24%)	$33,144,000
Additional Federal Tax	$17,913,330
State Tax(0%)	$0
Net Lumpsum Payment	$87,042,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,440,045	-$1,603,147 -$0	$2,836,898
2	$4,662,180	-$1,685,337 -$0	$2,976,843
3	$4,895,230	-$1,771,565 -$0	$3,123,665
4	$5,140,080	-$1,862,160 -$0	$3,277,920
5	$5,397,025	-$1,957,230 -$0	$3,439,795
6	$5,666,950	-$2,057,102 -$0	$3,609,848
7	$5,950,150	-$2,161,886 -$0	$3,788,264
8	$6,247,805	-$2,272,018 -$0	$3,975,787
9	$6,560,210	-$2,387,608 -$0	$4,172,602
10	$6,888,250	-$2,508,983 -$0	$4,379,267
11	$7,232,515	-$2,636,361 -$0	$4,596,154
12	$7,594,185	-$2,770,179 -$0	$4,824,006
13	$7,973,850	-$2,910,655 -$0	$5,063,195
14	$8,372,690	-$3,058,226 -$0	$5,314,464
15	$8,791,295	-$3,213,110 -$0	$5,578,185
16	$9,230,845	-$3,375,743 -$0	$5,855,102
17	$9,692,225	-$3,546,454 -$0	$6,145,771
18	$10,176,910	-$3,725,787 -$0	$6,451,123
19	$10,685,785	-$3,914,071 -$0	$6,771,714
20	$11,220,030	-$4,111,741 -$0	$7,108,289
21	$11,781,120	-$4,319,345 -$0	$7,461,775
22	$12,370,235	-$4,537,317 -$0	$7,832,918
23	$12,988,555	-$4,766,096 -$0	$8,222,459
24	$13,638,145	-$5,006,444 -$0	$8,631,701
25	$14,319,890	-$5,258,690 -$0	$9,061,200
26	$15,036,150	-$5,523,706 -$0	$9,512,444
27	$15,787,810	-$5,801,820 -$0	$9,985,990
28	$16,577,230	-$6,093,905 -$0	$10,483,325
29	$17,406,180	-$6,400,617 -$0	$11,005,563
30	$18,276,430	-$6,722,609 -$0	$11,553,821