Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 7, 2026 is estimated to be $485 Million, with a cash option of 199.8 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 Oct 7, 2026

Draw Date	Jackpot	Cash Option
Wed Oct 7, 2026	$485,000,000	$199,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$199,800,000
Federal Tax(24%)	$47,952,000
Additional Federal Tax	$25,934,330
State Tax(0%)	$0
Net Lumpsum Payment	$125,913,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,299,735	-$2,661,232 -$0	$4,638,503
2	$7,664,940	-$2,796,358 -$0	$4,868,582
3	$8,048,090	-$2,938,124 -$0	$5,109,966
4	$8,450,640	-$3,087,067 -$0	$5,363,573
5	$8,873,075	-$3,243,368 -$0	$5,629,707
6	$9,316,850	-$3,407,565 -$0	$5,909,285
7	$9,782,450	-$3,579,837 -$0	$6,202,613
8	$10,271,815	-$3,760,902 -$0	$6,510,913
9	$10,785,430	-$3,950,939 -$0	$6,834,491
10	$11,324,750	-$4,150,488 -$0	$7,174,262
11	$11,890,745	-$4,359,906 -$0	$7,530,839
12	$12,485,355	-$4,579,912 -$0	$7,905,443
13	$13,109,550	-$4,810,864 -$0	$8,298,686
14	$13,765,270	-$5,053,480 -$0	$8,711,790
15	$14,453,485	-$5,308,120 -$0	$9,145,365
16	$15,176,135	-$5,575,500 -$0	$9,600,635
17	$15,934,675	-$5,856,160 -$0	$10,078,515
18	$16,731,530	-$6,150,996 -$0	$10,580,534
19	$17,568,155	-$6,460,548 -$0	$11,107,607
20	$18,446,490	-$6,785,532 -$0	$11,660,958
21	$19,368,960	-$7,126,846 -$0	$12,242,114
22	$20,337,505	-$7,485,207 -$0	$12,852,298
23	$21,354,065	-$7,861,334 -$0	$13,492,731
24	$22,422,035	-$8,256,483 -$0	$14,165,552
25	$23,542,870	-$8,671,192 -$0	$14,871,678
26	$24,720,450	-$9,106,897 -$0	$15,613,553
27	$25,956,230	-$9,564,135 -$0	$16,392,095
28	$27,254,090	-$10,044,344 -$0	$17,209,746
29	$28,616,940	-$10,548,598 -$0	$18,068,342
30	$30,047,690	-$11,077,976 -$0	$18,969,714