Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 14, 2026 is estimated to be $562 Million, with a cash option of 230.4 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming Powerball Jackpot/Cash Option for Wed Oct 14, 2026

Draw Date	Jackpot	Cash Option
Wed Oct 14, 2026	$562,000,000	$230,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$230,400,000
Federal Tax(24%)	$55,296,000
Additional Federal Tax	$29,912,330
State Tax(0%)	$0
Net Lumpsum Payment	$145,191,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,458,662	-$3,090,035 -$0	$5,368,627
2	$8,881,848	-$3,246,614 -$0	$5,635,234
3	$9,325,828	-$3,410,887 -$0	$5,914,941
4	$9,792,288	-$3,583,477 -$0	$6,208,811
5	$10,281,790	-$3,764,593 -$0	$6,517,197
6	$10,796,020	-$3,954,858 -$0	$6,841,162
7	$11,335,540	-$4,154,480 -$0	$7,181,060
8	$11,902,598	-$4,364,292 -$0	$7,538,306
9	$12,497,756	-$4,584,500 -$0	$7,913,256
10	$13,122,700	-$4,815,729 -$0	$8,306,971
11	$13,778,554	-$5,058,395 -$0	$8,720,159
12	$14,467,566	-$5,313,330 -$0	$9,154,236
13	$15,190,860	-$5,580,949 -$0	$9,609,911
14	$15,950,684	-$5,862,083 -$0	$10,088,601
15	$16,748,162	-$6,157,150 -$0	$10,591,012
16	$17,585,542	-$6,466,981 -$0	$11,118,561
17	$18,464,510	-$6,792,199 -$0	$11,672,311
18	$19,387,876	-$7,133,845 -$0	$12,254,031
19	$20,357,326	-$7,492,541 -$0	$12,864,785
20	$21,375,108	-$7,869,120 -$0	$13,505,988
21	$22,444,032	-$8,264,622 -$0	$14,179,410
22	$23,566,346	-$8,679,878 -$0	$14,886,468
23	$24,744,298	-$9,115,721 -$0	$15,628,577
24	$25,981,822	-$9,573,605 -$0	$16,408,217
25	$27,280,604	-$10,054,154 -$0	$17,226,450
26	$28,645,140	-$10,559,032 -$0	$18,086,108
27	$30,077,116	-$11,088,863 -$0	$18,988,253
28	$31,581,028	-$11,645,311 -$0	$19,935,717
29	$33,160,248	-$12,229,622 -$0	$20,930,626
30	$34,818,148	-$12,843,045 -$0	$21,975,103