Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 22, 2025 is estimated to be $444 Million, with a cash option of 207.2 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 Sat Mar 22, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 22, 2025	$444,000,000	$207,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$207,200,000
Federal Tax(24%)	$49,728,000
Additional Federal Tax	$26,896,330
State Tax(0%)	$0
Net Lumpsum Payment	$130,575,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,682,644	-$2,432,909 -$0	$4,249,735
2	$7,016,976	-$2,556,612 -$0	$4,460,364
3	$7,367,736	-$2,686,393 -$0	$4,681,343
4	$7,736,256	-$2,822,745 -$0	$4,913,511
5	$8,122,980	-$2,965,833 -$0	$5,157,147
6	$8,529,240	-$3,116,149 -$0	$5,413,091
7	$8,955,480	-$3,273,858 -$0	$5,681,622
8	$9,403,476	-$3,439,617 -$0	$5,963,859
9	$9,873,672	-$3,613,589 -$0	$6,260,083
10	$10,367,400	-$3,796,268 -$0	$6,571,132
11	$10,885,548	-$3,987,983 -$0	$6,897,565
12	$11,429,892	-$4,189,390 -$0	$7,240,502
13	$12,001,320	-$4,400,819 -$0	$7,600,501
14	$12,601,608	-$4,622,925 -$0	$7,978,683
15	$13,231,644	-$4,856,039 -$0	$8,375,605
16	$13,893,204	-$5,100,816 -$0	$8,792,388
17	$14,587,620	-$5,357,750 -$0	$9,229,870
18	$15,317,112	-$5,627,662 -$0	$9,689,450
19	$16,083,012	-$5,911,045 -$0	$10,171,967
20	$16,887,096	-$6,208,556 -$0	$10,678,540
21	$17,731,584	-$6,521,016 -$0	$11,210,568
22	$18,618,252	-$6,849,084 -$0	$11,769,168
23	$19,548,876	-$7,193,415 -$0	$12,355,461
24	$20,526,564	-$7,555,159 -$0	$12,971,405
25	$21,552,648	-$7,934,810 -$0	$13,617,838
26	$22,630,680	-$8,333,682 -$0	$14,296,998
27	$23,761,992	-$8,752,267 -$0	$15,009,725
28	$24,950,136	-$9,191,881 -$0	$15,758,255
29	$26,197,776	-$9,653,508 -$0	$16,544,268
30	$27,507,576	-$10,138,134 -$0	$17,369,442