Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 31, 2025 is estimated to be $754 Million, with a cash option of 352.8 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 Oct 31, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 31, 2025	$754,000,000	$352,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$352,800,000
Federal Tax(24%)	$84,672,000
Additional Federal Tax	$45,824,330
State Tax(0%)	$0
Net Lumpsum Payment	$222,303,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,348,454	-$4,159,258 -$0	$7,189,196
2	$11,916,216	-$4,369,330 -$0	$7,546,886
3	$12,511,876	-$4,589,725 -$0	$7,922,151
4	$13,137,696	-$4,821,278 -$0	$8,316,418
5	$13,794,430	-$5,064,269 -$0	$8,730,161
6	$14,484,340	-$5,319,536 -$0	$9,164,804
7	$15,208,180	-$5,587,357 -$0	$9,620,823
8	$15,968,966	-$5,868,848 -$0	$10,100,118
9	$16,767,452	-$6,164,288 -$0	$10,603,164
10	$17,605,900	-$6,474,513 -$0	$11,131,387
11	$18,485,818	-$6,800,083 -$0	$11,685,735
12	$19,410,222	-$7,142,113 -$0	$12,268,109
13	$20,380,620	-$7,501,160 -$0	$12,879,460
14	$21,400,028	-$7,878,341 -$0	$13,521,687
15	$22,469,954	-$8,274,213 -$0	$14,195,741
16	$23,593,414	-$8,689,894 -$0	$14,903,520
17	$24,772,670	-$9,126,218 -$0	$15,646,452
18	$26,011,492	-$9,584,582 -$0	$16,426,910
19	$27,312,142	-$10,065,823 -$0	$17,246,319
20	$28,677,636	-$10,571,056 -$0	$18,106,580
21	$30,111,744	-$11,101,676 -$0	$19,010,068
22	$31,617,482	-$11,658,799 -$0	$19,958,683
23	$33,197,866	-$12,243,541 -$0	$20,954,325
24	$34,858,174	-$12,857,855 -$0	$22,000,319
25	$36,600,668	-$13,502,578 -$0	$23,098,090
26	$38,431,380	-$14,179,941 -$0	$24,251,439
27	$40,352,572	-$14,890,782 -$0	$25,461,790
28	$42,370,276	-$15,637,333 -$0	$26,732,943
29	$44,489,016	-$16,421,266 -$0	$28,067,750
30	$46,713,316	-$17,244,257 -$0	$29,469,059