Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 7, 2025 is estimated to be $547 Million, with a cash option of 251.7 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 7, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 7, 2025	$547,000,000	$251,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$251,700,000
Federal Tax(24%)	$60,408,000
Additional Federal Tax	$32,681,330
State Tax(0%)	$0
Net Lumpsum Payment	$158,610,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,232,897	-$3,006,502 -$0	$5,226,395
2	$8,644,788	-$3,158,902 -$0	$5,485,886
3	$9,076,918	-$3,318,790 -$0	$5,758,128
4	$9,530,928	-$3,486,774 -$0	$6,044,154
5	$10,007,365	-$3,663,055 -$0	$6,344,310
6	$10,507,870	-$3,848,242 -$0	$6,659,628
7	$11,032,990	-$4,042,537 -$0	$6,990,453
8	$11,584,913	-$4,246,748 -$0	$7,338,165
9	$12,164,186	-$4,461,079 -$0	$7,703,107
10	$12,772,450	-$4,686,137 -$0	$8,086,313
11	$13,410,799	-$4,922,326 -$0	$8,488,473
12	$14,081,421	-$5,170,456 -$0	$8,910,965
13	$14,785,410	-$5,430,932 -$0	$9,354,478
14	$15,524,954	-$5,704,563 -$0	$9,820,391
15	$16,301,147	-$5,991,755 -$0	$10,309,392
16	$17,116,177	-$6,293,316 -$0	$10,822,861
17	$17,971,685	-$6,609,854 -$0	$11,361,831
18	$18,870,406	-$6,942,381 -$0	$11,928,025
19	$19,813,981	-$7,291,503 -$0	$12,522,478
20	$20,804,598	-$7,658,032 -$0	$13,146,566
21	$21,844,992	-$8,042,977 -$0	$13,802,015
22	$22,937,351	-$8,447,150 -$0	$14,490,201
23	$24,083,863	-$8,871,360 -$0	$15,212,503
24	$25,288,357	-$9,317,022 -$0	$15,971,335
25	$26,552,474	-$9,784,746 -$0	$16,767,728
26	$27,880,590	-$10,276,149 -$0	$17,604,441
27	$29,274,346	-$10,791,838 -$0	$18,482,508
28	$30,738,118	-$11,333,434 -$0	$19,404,684
29	$32,275,188	-$11,902,150 -$0	$20,373,038
30	$33,888,838	-$12,499,200 -$0	$21,389,638