Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 1, 2026 is estimated to be $178 Million, with a cash option of 79.6 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 1, 2026

Draw Date	Jackpot	Cash Option
Fri May 1, 2026	$178,000,000	$79,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$79,600,000
Federal Tax(24%)	$19,104,000
Additional Federal Tax	$10,308,330
State Tax(0%)	$0
Net Lumpsum Payment	$50,187,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,679,078	-$951,589 -$0	$1,727,489
2	$2,813,112	-$1,001,182 -$0	$1,811,930
3	$2,953,732	-$1,053,211 -$0	$1,900,521
4	$3,101,472	-$1,107,875 -$0	$1,993,597
5	$3,256,510	-$1,165,239 -$0	$2,091,271
6	$3,419,380	-$1,225,501 -$0	$2,193,879
7	$3,590,260	-$1,288,727 -$0	$2,301,533
8	$3,769,862	-$1,355,179 -$0	$2,414,683
9	$3,958,364	-$1,424,925 -$0	$2,533,439
10	$4,156,300	-$1,498,161 -$0	$2,658,139
11	$4,364,026	-$1,575,020 -$0	$2,789,006
12	$4,582,254	-$1,655,764 -$0	$2,926,490
13	$4,811,340	-$1,740,526 -$0	$3,070,814
14	$5,051,996	-$1,829,569 -$0	$3,222,427
15	$5,304,578	-$1,923,024 -$0	$3,381,554
16	$5,569,798	-$2,021,156 -$0	$3,548,642
17	$5,848,190	-$2,124,161 -$0	$3,724,029
18	$6,140,644	-$2,232,369 -$0	$3,908,275
19	$6,447,694	-$2,345,977 -$0	$4,101,717
20	$6,770,052	-$2,465,250 -$0	$4,304,802
21	$7,108,608	-$2,590,515 -$0	$4,518,093
22	$7,464,074	-$2,722,038 -$0	$4,742,036
23	$7,837,162	-$2,860,080 -$0	$4,977,082
24	$8,229,118	-$3,005,104 -$0	$5,224,014
25	$8,640,476	-$3,157,307 -$0	$5,483,169
26	$9,072,660	-$3,317,215 -$0	$5,755,445
27	$9,526,204	-$3,485,026 -$0	$6,041,178
28	$10,002,532	-$3,661,267 -$0	$6,341,265
29	$10,502,712	-$3,846,334 -$0	$6,656,378
30	$11,027,812	-$4,040,621 -$0	$6,987,191