Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 21, 2026 is estimated to be $707 Million, with a cash option of 307.7 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 Jul 21, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 21, 2026	$707,000,000	$307,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$307,700,000
Federal Tax(24%)	$73,848,000
Additional Federal Tax	$39,961,330
State Tax(0%)	$0
Net Lumpsum Payment	$193,890,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,641,057	-$3,897,521 -$0	$6,743,536
2	$11,173,428	-$4,094,499 -$0	$7,078,929
3	$11,731,958	-$4,301,155 -$0	$7,430,803
4	$12,318,768	-$4,518,275 -$0	$7,800,493
5	$12,934,565	-$4,746,119 -$0	$8,188,446
6	$13,581,470	-$4,985,474 -$0	$8,595,996
7	$14,260,190	-$5,236,601 -$0	$9,023,589
8	$14,973,553	-$5,500,545 -$0	$9,473,008
9	$15,722,266	-$5,777,569 -$0	$9,944,697
10	$16,508,450	-$6,068,457 -$0	$10,439,993
11	$17,333,519	-$6,373,732 -$0	$10,959,787
12	$18,200,301	-$6,694,442 -$0	$11,505,859
13	$19,110,210	-$7,031,108 -$0	$12,079,102
14	$20,066,074	-$7,384,778 -$0	$12,681,296
15	$21,069,307	-$7,755,974 -$0	$13,313,333
16	$22,122,737	-$8,145,743 -$0	$13,976,994
17	$23,228,485	-$8,554,870 -$0	$14,673,615
18	$24,390,086	-$8,984,662 -$0	$15,405,424
19	$25,609,661	-$9,435,905 -$0	$16,173,756
20	$26,890,038	-$9,909,644 -$0	$16,980,394
21	$28,234,752	-$10,407,189 -$0	$17,827,563
22	$29,646,631	-$10,929,584 -$0	$18,717,047
23	$31,128,503	-$11,477,876 -$0	$19,650,627
24	$32,685,317	-$12,053,898 -$0	$20,631,419
25	$34,319,194	-$12,658,432 -$0	$21,660,762
26	$36,035,790	-$13,293,573 -$0	$22,742,217
27	$37,837,226	-$13,960,104 -$0	$23,877,122
28	$39,729,158	-$14,660,119 -$0	$25,069,039
29	$41,715,828	-$15,395,187 -$0	$26,320,641
30	$43,801,478	-$16,166,877 -$0	$27,634,601