Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 20, 2026 is estimated to be $250 Million, with a cash option of 113.5 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 Jan 20, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 20, 2026	$250,000,000	$113,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,500,000
Federal Tax(24%)	$27,240,000
Additional Federal Tax	$14,715,330
State Tax(0%)	$0
Net Lumpsum Payment	$71,544,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,762,750	-$1,352,548 -$0	$2,410,202
2	$3,951,000	-$1,422,200 -$0	$2,528,800
3	$4,148,500	-$1,495,275 -$0	$2,653,225
4	$4,356,000	-$1,572,050 -$0	$2,783,950
5	$4,573,750	-$1,652,618 -$0	$2,921,132
6	$4,802,500	-$1,737,255 -$0	$3,065,245
7	$5,042,500	-$1,826,055 -$0	$3,216,445
8	$5,294,750	-$1,919,388 -$0	$3,375,362
9	$5,559,500	-$2,017,345 -$0	$3,542,155
10	$5,837,500	-$2,120,205 -$0	$3,717,295
11	$6,129,250	-$2,228,153 -$0	$3,901,097
12	$6,435,750	-$2,341,558 -$0	$4,094,192
13	$6,757,500	-$2,460,605 -$0	$4,296,895
14	$7,095,500	-$2,585,665 -$0	$4,509,835
15	$7,450,250	-$2,716,923 -$0	$4,733,327
16	$7,822,750	-$2,854,748 -$0	$4,968,002
17	$8,213,750	-$2,999,418 -$0	$5,214,332
18	$8,624,500	-$3,151,395 -$0	$5,473,105
19	$9,055,750	-$3,310,958 -$0	$5,744,792
20	$9,508,500	-$3,478,475 -$0	$6,030,025
21	$9,984,000	-$3,654,410 -$0	$6,329,590
22	$10,483,250	-$3,839,133 -$0	$6,644,117
23	$11,007,250	-$4,033,013 -$0	$6,974,237
24	$11,557,750	-$4,236,698 -$0	$7,321,052
25	$12,135,500	-$4,450,465 -$0	$7,685,035
26	$12,742,500	-$4,675,055 -$0	$8,067,445
27	$13,379,500	-$4,910,745 -$0	$8,468,755
28	$14,048,500	-$5,158,275 -$0	$8,890,225
29	$14,751,000	-$5,418,200 -$0	$9,332,800
30	$15,488,500	-$5,691,075 -$0	$9,797,425