Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 1, 2025 is estimated to be $140 Million, with a cash option of 62 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 Fri Aug 1, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 1, 2025	$140,000,000	$62,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,000,000
Federal Tax(24%)	$14,880,000
Additional Federal Tax	$8,020,330
State Tax(0%)	$0
Net Lumpsum Payment	$39,099,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$0	$1,367,168
2	$2,212,560	-$778,978 -$0	$1,433,582
3	$2,323,160	-$819,900 -$0	$1,503,260
4	$2,439,360	-$862,894 -$0	$1,576,466
5	$2,561,300	-$908,011 -$0	$1,653,289
6	$2,689,400	-$955,408 -$0	$1,733,992
7	$2,823,800	-$1,005,136 -$0	$1,818,664
8	$2,965,060	-$1,057,403 -$0	$1,907,657
9	$3,113,320	-$1,112,259 -$0	$2,001,061
10	$3,269,000	-$1,169,860 -$0	$2,099,140
11	$3,432,380	-$1,230,311 -$0	$2,202,069
12	$3,604,020	-$1,293,818 -$0	$2,310,202
13	$3,784,200	-$1,360,484 -$0	$2,423,716
14	$3,973,480	-$1,430,518 -$0	$2,542,962
15	$4,172,140	-$1,504,022 -$0	$2,668,118
16	$4,380,740	-$1,581,204 -$0	$2,799,536
17	$4,599,700	-$1,662,219 -$0	$2,937,481
18	$4,829,720	-$1,747,327 -$0	$3,082,393
19	$5,071,220	-$1,836,682 -$0	$3,234,538
20	$5,324,760	-$1,930,492 -$0	$3,394,268
21	$5,591,040	-$2,029,015 -$0	$3,562,025
22	$5,870,620	-$2,132,460 -$0	$3,738,160
23	$6,164,060	-$2,241,033 -$0	$3,923,027
24	$6,472,340	-$2,355,096 -$0	$4,117,244
25	$6,795,880	-$2,474,806 -$0	$4,321,074
26	$7,135,800	-$2,600,576 -$0	$4,535,224
27	$7,492,520	-$2,732,563 -$0	$4,759,957
28	$7,867,160	-$2,871,180 -$0	$4,995,980
29	$8,260,560	-$3,016,738 -$0	$5,243,822
30	$8,673,560	-$3,169,548 -$0	$5,504,012