Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 22, 2026 is estimated to be $296 Million, with a cash option of 128.6 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 Fri May 22, 2026

Draw Date	Jackpot	Cash Option
Fri May 22, 2026	$296,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(0%)	$0
Net Lumpsum Payment	$81,057,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,455,096	-$1,608,716 -$0	$2,846,380
2	$4,677,984	-$1,691,184 -$0	$2,986,800
3	$4,911,824	-$1,777,705 -$0	$3,134,119
4	$5,157,504	-$1,868,607 -$0	$3,288,897
5	$5,415,320	-$1,963,999 -$0	$3,451,321
6	$5,686,160	-$2,064,210 -$0	$3,621,950
7	$5,970,320	-$2,169,349 -$0	$3,800,971
8	$6,268,984	-$2,279,854 -$0	$3,989,130
9	$6,582,448	-$2,395,836 -$0	$4,186,612
10	$6,911,600	-$2,517,622 -$0	$4,393,978
11	$7,257,032	-$2,645,432 -$0	$4,611,600
12	$7,619,928	-$2,779,704 -$0	$4,840,224
13	$8,000,880	-$2,920,656 -$0	$5,080,224
14	$8,401,072	-$3,068,727 -$0	$5,332,345
15	$8,821,096	-$3,224,136 -$0	$5,596,960
16	$9,262,136	-$3,387,321 -$0	$5,874,815
17	$9,725,080	-$3,558,610 -$0	$6,166,470
18	$10,211,408	-$3,738,551 -$0	$6,472,857
19	$10,722,008	-$3,927,473 -$0	$6,794,535
20	$11,258,064	-$4,125,814 -$0	$7,132,250
21	$11,821,056	-$4,334,121 -$0	$7,486,935
22	$12,412,168	-$4,552,833 -$0	$7,859,335
23	$13,032,584	-$4,782,386 -$0	$8,250,198
24	$13,684,376	-$5,023,550 -$0	$8,660,826
25	$14,368,432	-$5,276,650 -$0	$9,091,782
26	$15,087,120	-$5,542,565 -$0	$9,544,555
27	$15,841,328	-$5,821,622 -$0	$10,019,706
28	$16,633,424	-$6,114,697 -$0	$10,518,727
29	$17,465,184	-$6,422,448 -$0	$11,042,736
30	$18,338,384	-$6,745,532 -$0	$11,592,852