Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 23, 2026 is estimated to be $131 Million, with a cash option of 57.5 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 May 23, 2026

Draw Date	Jackpot	Cash Option
Sat May 23, 2026	$131,000,000	$57,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$57,500,000
Federal Tax(24%)	$13,800,000
Additional Federal Tax	$7,435,330
State Tax(0%)	$0
Net Lumpsum Payment	$36,264,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,971,681	-$689,852 -$0	$1,281,829
2	$2,070,324	-$726,350 -$0	$1,343,974
3	$2,173,814	-$764,642 -$0	$1,409,172
4	$2,282,544	-$804,872 -$0	$1,477,672
5	$2,396,645	-$847,089 -$0	$1,549,556
6	$2,516,510	-$891,439 -$0	$1,625,071
7	$2,642,270	-$937,970 -$0	$1,704,300
8	$2,774,449	-$986,877 -$0	$1,787,572
9	$2,913,178	-$1,038,206 -$0	$1,874,972
10	$3,058,850	-$1,092,105 -$0	$1,966,745
11	$3,211,727	-$1,148,669 -$0	$2,063,058
12	$3,372,333	-$1,208,094 -$0	$2,164,239
13	$3,540,930	-$1,270,474 -$0	$2,270,456
14	$3,718,042	-$1,336,006 -$0	$2,382,036
15	$3,903,931	-$1,404,785 -$0	$2,499,146
16	$4,099,121	-$1,477,005 -$0	$2,622,116
17	$4,304,005	-$1,552,812 -$0	$2,751,193
18	$4,519,238	-$1,632,448 -$0	$2,886,790
19	$4,745,213	-$1,716,059 -$0	$3,029,154
20	$4,982,454	-$1,803,838 -$0	$3,178,616
21	$5,231,616	-$1,896,028 -$0	$3,335,588
22	$5,493,223	-$1,992,823 -$0	$3,500,400
23	$5,767,799	-$2,094,416 -$0	$3,673,383
24	$6,056,261	-$2,201,147 -$0	$3,855,114
25	$6,359,002	-$2,313,161 -$0	$4,045,841
26	$6,677,070	-$2,430,846 -$0	$4,246,224
27	$7,010,858	-$2,554,348 -$0	$4,456,510
28	$7,361,414	-$2,684,054 -$0	$4,677,360
29	$7,729,524	-$2,820,254 -$0	$4,909,270
30	$8,115,974	-$2,963,241 -$0	$5,152,733