Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 22, 2025 is estimated to be $320 Million, with a cash option of 152.2 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 22, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 22, 2025	$320,000,000	$152,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$152,200,000
Federal Tax(24%)	$36,528,000
Additional Federal Tax	$19,746,330
State Tax(0%)	$0
Net Lumpsum Payment	$95,925,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,816,320	-$1,742,369 -$0	$3,073,951
2	$5,057,280	-$1,831,524 -$0	$3,225,756
3	$5,310,080	-$1,925,060 -$0	$3,385,020
4	$5,575,680	-$2,023,332 -$0	$3,552,348
5	$5,854,400	-$2,126,458 -$0	$3,727,942
6	$6,147,200	-$2,234,794 -$0	$3,912,406
7	$6,454,400	-$2,348,458 -$0	$4,105,942
8	$6,777,280	-$2,467,924 -$0	$4,309,356
9	$7,116,160	-$2,593,310 -$0	$4,522,850
10	$7,472,000	-$2,724,970 -$0	$4,747,030
11	$7,845,440	-$2,863,143 -$0	$4,982,297
12	$8,237,760	-$3,008,302 -$0	$5,229,458
13	$8,649,600	-$3,160,682 -$0	$5,488,918
14	$9,082,240	-$3,320,759 -$0	$5,761,481
15	$9,536,320	-$3,488,769 -$0	$6,047,551
16	$10,013,120	-$3,665,185 -$0	$6,347,935
17	$10,513,600	-$3,850,362 -$0	$6,663,238
18	$11,039,360	-$4,044,894 -$0	$6,994,466
19	$11,591,360	-$4,249,134 -$0	$7,342,226
20	$12,170,880	-$4,463,556 -$0	$7,707,324
21	$12,779,520	-$4,688,753 -$0	$8,090,767
22	$13,418,560	-$4,925,198 -$0	$8,493,362
23	$14,089,280	-$5,173,364 -$0	$8,915,916
24	$14,793,920	-$5,434,081 -$0	$9,359,839
25	$15,533,440	-$5,707,703 -$0	$9,825,737
26	$16,310,400	-$5,995,178 -$0	$10,315,222
27	$17,125,760	-$6,296,862 -$0	$10,828,898
28	$17,982,080	-$6,613,700 -$0	$11,368,380
29	$18,881,280	-$6,946,404 -$0	$11,934,876
30	$19,825,280	-$7,295,684 -$0	$12,529,596