Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 20, 2025 is estimated to be $304 Million, with a cash option of 144.6 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 Mon Oct 20, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 20, 2025	$304,000,000	$144,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$144,600,000
Federal Tax(24%)	$34,704,000
Additional Federal Tax	$18,758,330
State Tax(0%)	$0
Net Lumpsum Payment	$91,137,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,575,504	-$1,653,267 -$0	$2,922,237
2	$4,804,416	-$1,737,964 -$0	$3,066,452
3	$5,044,576	-$1,826,824 -$0	$3,217,752
4	$5,296,896	-$1,920,182 -$0	$3,376,714
5	$5,561,680	-$2,018,152 -$0	$3,543,528
6	$5,839,840	-$2,121,071 -$0	$3,718,769
7	$6,131,680	-$2,229,052 -$0	$3,902,628
8	$6,438,416	-$2,342,544 -$0	$4,095,872
9	$6,760,352	-$2,461,661 -$0	$4,298,691
10	$7,098,400	-$2,586,738 -$0	$4,511,662
11	$7,453,168	-$2,718,003 -$0	$4,735,165
12	$7,825,872	-$2,855,903 -$0	$4,969,969
13	$8,217,120	-$3,000,665 -$0	$5,216,455
14	$8,628,128	-$3,152,738 -$0	$5,475,390
15	$9,059,504	-$3,312,347 -$0	$5,747,157
16	$9,512,464	-$3,479,942 -$0	$6,032,522
17	$9,987,920	-$3,655,861 -$0	$6,332,059
18	$10,487,392	-$3,840,665 -$0	$6,646,727
19	$11,011,792	-$4,034,693 -$0	$6,977,099
20	$11,562,336	-$4,238,395 -$0	$7,323,941
21	$12,140,544	-$4,452,332 -$0	$7,688,212
22	$12,747,632	-$4,676,954 -$0	$8,070,678
23	$13,384,816	-$4,912,712 -$0	$8,472,104
24	$14,054,224	-$5,160,393 -$0	$8,893,831
25	$14,756,768	-$5,420,335 -$0	$9,336,433
26	$15,494,880	-$5,693,436 -$0	$9,801,444
27	$16,269,472	-$5,980,035 -$0	$10,289,437
28	$17,082,976	-$6,281,032 -$0	$10,801,944
29	$17,937,216	-$6,597,100 -$0	$11,340,116
30	$18,834,016	-$6,928,916 -$0	$11,905,100