Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Tue Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(0%)	$0
Net Lumpsum Payment	$174,675,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$0	$5,728,948
2	$9,482,400	-$3,468,818 -$0	$6,013,582
3	$9,956,400	-$3,644,198 -$0	$6,312,202
4	$10,454,400	-$3,828,458 -$0	$6,625,942
5	$10,977,000	-$4,021,820 -$0	$6,955,180
6	$11,526,000	-$4,224,950 -$0	$7,301,050
7	$12,102,000	-$4,438,070 -$0	$7,663,930
8	$12,707,400	-$4,662,068 -$0	$8,045,332
9	$13,342,800	-$4,897,166 -$0	$8,445,634
10	$14,010,000	-$5,144,030 -$0	$8,865,970
11	$14,710,200	-$5,403,104 -$0	$9,307,096
12	$15,445,800	-$5,675,276 -$0	$9,770,524
13	$16,218,000	-$5,960,990 -$0	$10,257,010
14	$17,029,200	-$6,261,134 -$0	$10,768,066
15	$17,880,600	-$6,576,152 -$0	$11,304,448
16	$18,774,600	-$6,906,932 -$0	$11,867,668
17	$19,713,000	-$7,254,140 -$0	$12,458,860
18	$20,698,800	-$7,618,886 -$0	$13,079,914
19	$21,733,800	-$8,001,836 -$0	$13,731,964
20	$22,820,400	-$8,403,878 -$0	$14,416,522
21	$23,961,600	-$8,826,122 -$0	$15,135,478
22	$25,159,800	-$9,269,456 -$0	$15,890,344
23	$26,417,400	-$9,734,768 -$0	$16,682,632
24	$27,738,600	-$10,223,612 -$0	$17,514,988
25	$29,125,200	-$10,736,654 -$0	$18,388,546
26	$30,582,000	-$11,275,670 -$0	$19,306,330
27	$32,110,800	-$11,841,326 -$0	$20,269,474
28	$33,716,400	-$12,435,398 -$0	$21,281,002
29	$35,402,400	-$13,059,218 -$0	$22,343,182
30	$37,172,400	-$13,714,118 -$0	$23,458,282