Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 15, 2026 is estimated to be $251 Million, with a cash option of 112.3 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 15, 2026

Draw Date	Jackpot	Cash Option
Fri May 15, 2026	$251,000,000	$112,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$112,300,000
Federal Tax(24%)	$26,952,000
Additional Federal Tax	$14,559,330
State Tax(0%)	$0
Net Lumpsum Payment	$70,788,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$0	$2,419,684
2	$3,966,804	-$1,428,048 -$0	$2,538,756
3	$4,165,094	-$1,501,415 -$0	$2,663,679
4	$4,373,424	-$1,578,497 -$0	$2,794,927
5	$4,592,045	-$1,659,387 -$0	$2,932,658
6	$4,821,710	-$1,744,363 -$0	$3,077,347
7	$5,062,670	-$1,833,518 -$0	$3,229,152
8	$5,315,929	-$1,927,224 -$0	$3,388,705
9	$5,581,738	-$2,025,573 -$0	$3,556,165
10	$5,860,850	-$2,128,845 -$0	$3,732,005
11	$6,153,767	-$2,237,224 -$0	$3,916,543
12	$6,461,493	-$2,351,083 -$0	$4,110,410
13	$6,784,530	-$2,470,606 -$0	$4,313,924
14	$7,123,882	-$2,596,167 -$0	$4,527,715
15	$7,480,051	-$2,727,949 -$0	$4,752,102
16	$7,854,041	-$2,866,326 -$0	$4,987,715
17	$8,246,605	-$3,011,574 -$0	$5,235,031
18	$8,658,998	-$3,164,160 -$0	$5,494,838
19	$9,091,973	-$3,324,360 -$0	$5,767,613
20	$9,546,534	-$3,492,548 -$0	$6,053,986
21	$10,023,936	-$3,669,187 -$0	$6,354,749
22	$10,525,183	-$3,854,648 -$0	$6,670,535
23	$11,051,279	-$4,049,304 -$0	$7,001,975
24	$11,603,981	-$4,253,803 -$0	$7,350,178
25	$12,184,042	-$4,468,426 -$0	$7,715,616
26	$12,793,470	-$4,693,914 -$0	$8,099,556
27	$13,433,018	-$4,930,547 -$0	$8,502,471
28	$14,104,694	-$5,179,067 -$0	$8,925,627
29	$14,810,004	-$5,440,032 -$0	$9,369,972
30	$15,550,454	-$5,713,998 -$0	$9,836,456