Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 18, 2025 is estimated to be $301 Million, with a cash option of 139.5 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 Mar 18, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 18, 2025	$301,000,000	$139,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,500,000
Federal Tax(24%)	$33,480,000
Additional Federal Tax	$18,095,330
State Tax(0%)	$0
Net Lumpsum Payment	$87,924,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,530,351	-$1,636,560 -$0	$2,893,791
2	$4,757,004	-$1,720,422 -$0	$3,036,582
3	$4,994,794	-$1,808,404 -$0	$3,186,390
4	$5,244,624	-$1,900,841 -$0	$3,343,783
5	$5,506,795	-$1,997,845 -$0	$3,508,950
6	$5,782,210	-$2,099,748 -$0	$3,682,462
7	$6,071,170	-$2,206,663 -$0	$3,864,507
8	$6,374,879	-$2,319,036 -$0	$4,055,843
9	$6,693,638	-$2,436,976 -$0	$4,256,662
10	$7,028,350	-$2,560,820 -$0	$4,467,530
11	$7,379,617	-$2,690,789 -$0	$4,688,828
12	$7,748,643	-$2,827,328 -$0	$4,921,315
13	$8,136,030	-$2,970,661 -$0	$5,165,369
14	$8,542,982	-$3,121,234 -$0	$5,421,748
15	$8,970,101	-$3,279,268 -$0	$5,690,833
16	$9,418,591	-$3,445,209 -$0	$5,973,382
17	$9,889,355	-$3,619,392 -$0	$6,269,963
18	$10,383,898	-$3,802,373 -$0	$6,581,525
19	$10,903,123	-$3,994,486 -$0	$6,908,637
20	$11,448,234	-$4,196,177 -$0	$7,252,057
21	$12,020,736	-$4,408,003 -$0	$7,612,733
22	$12,621,833	-$4,630,409 -$0	$7,991,424
23	$13,252,729	-$4,863,840 -$0	$8,388,889
24	$13,915,531	-$5,109,077 -$0	$8,806,454
25	$14,611,142	-$5,366,453 -$0	$9,244,689
26	$15,341,970	-$5,636,859 -$0	$9,705,111
27	$16,108,918	-$5,920,630 -$0	$10,188,288
28	$16,914,394	-$6,218,656 -$0	$10,695,738
29	$17,760,204	-$6,531,606 -$0	$11,228,598
30	$18,648,154	-$6,860,147 -$0	$11,788,007