Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 15, 2024 is estimated to be $169 Million, with a cash option of 80 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Tue Oct 15, 2024

Draw Date Jackpot Cash Option
Tue Oct 15, 2024$169,000,000$80,000,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$80,000,000
Federal Tax(24%)$19,200,000
Additional Federal Tax$10,360,330
State Tax(0%)$0
Net Lumpsum Payment$50,439,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $2,543,619 -$901,469
-$0
$1,642,150
2 $2,670,876 -$948,555
-$0
$1,722,321
3 $2,804,386 -$997,953
-$0
$1,806,433
4 $2,944,656 -$1,049,853
-$0
$1,894,803
5 $3,091,855 -$1,104,317
-$0
$1,987,538
6 $3,246,490 -$1,161,532
-$0
$2,084,958
7 $3,408,730 -$1,221,560
-$0
$2,187,170
8 $3,579,251 -$1,284,653
-$0
$2,294,598
9 $3,758,222 -$1,350,873
-$0
$2,407,349
10 $3,946,150 -$1,420,406
-$0
$2,525,744
11 $4,143,373 -$1,493,378
-$0
$2,649,995
12 $4,350,567 -$1,570,040
-$0
$2,780,527
13 $4,568,070 -$1,650,516
-$0
$2,917,554
14 $4,796,558 -$1,735,057
-$0
$3,061,501
15 $5,036,369 -$1,823,787
-$0
$3,212,582
16 $5,288,179 -$1,916,957
-$0
$3,371,222
17 $5,552,495 -$2,014,754
-$0
$3,537,741
18 $5,830,162 -$2,117,490
-$0
$3,712,672
19 $6,121,687 -$2,225,355
-$0
$3,896,332
20 $6,427,746 -$2,338,596
-$0
$4,089,150
21 $6,749,184 -$2,457,528
-$0
$4,291,656
22 $7,086,677 -$2,582,401
-$0
$4,504,276
23 $7,440,901 -$2,713,464
-$0
$4,727,437
24 $7,813,039 -$2,851,155
-$0
$4,961,884
25 $8,203,598 -$2,995,662
-$0
$5,207,936
26 $8,613,930 -$3,147,484
-$0
$5,466,446
27 $9,044,542 -$3,306,811
-$0
$5,737,731
28 $9,496,786 -$3,474,141
-$0
$6,022,645
29 $9,971,676 -$3,649,851
-$0
$6,321,825
30 $10,470,226 -$3,834,314
-$0
$6,635,912
1
6
9
Cash Option: $80 Million
Next Draw: Tue Oct 15
Mega Millions
Fri Oct 11, 2024
031029525720

Wyoming Lottery | Select a State Lottery