Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Sat Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(0%)	$0
Net Lumpsum Payment	$178,896,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$0	$6,430,625
2	$10,651,896	-$3,901,532 -$0	$6,750,364
3	$11,184,356	-$4,098,542 -$0	$7,085,814
4	$11,743,776	-$4,305,528 -$0	$7,438,248
5	$12,330,830	-$4,522,737 -$0	$7,808,093
6	$12,947,540	-$4,750,920 -$0	$8,196,620
7	$13,594,580	-$4,990,325 -$0	$8,604,255
8	$14,274,646	-$5,241,949 -$0	$9,032,697
9	$14,988,412	-$5,506,043 -$0	$9,482,369
10	$15,737,900	-$5,783,353 -$0	$9,954,547
11	$16,524,458	-$6,074,380 -$0	$10,450,078
12	$17,350,782	-$6,380,120 -$0	$10,970,662
13	$18,218,220	-$6,701,072 -$0	$11,517,148
14	$19,129,468	-$7,038,234 -$0	$12,091,234
15	$20,085,874	-$7,392,104 -$0	$12,693,770
16	$21,090,134	-$7,763,680 -$0	$13,326,454
17	$22,144,270	-$8,153,710 -$0	$13,990,560
18	$23,251,652	-$8,563,442 -$0	$14,688,210
19	$24,414,302	-$8,993,622 -$0	$15,420,680
20	$25,634,916	-$9,445,249 -$0	$16,189,667
21	$26,916,864	-$9,919,570 -$0	$16,997,294
22	$28,262,842	-$10,417,582 -$0	$17,845,260
23	$29,675,546	-$10,940,282 -$0	$18,735,264
24	$31,159,694	-$11,489,417 -$0	$19,670,277
25	$32,717,308	-$12,065,734 -$0	$20,651,574
26	$34,353,780	-$12,671,229 -$0	$21,682,551
27	$36,071,132	-$13,306,649 -$0	$22,764,483
28	$37,874,756	-$13,973,990 -$0	$23,900,766
29	$39,768,696	-$14,674,748 -$0	$25,093,948
30	$41,756,996	-$15,410,419 -$0	$26,346,577