Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 2, 2024 is estimated to be $443 Million, with a cash option of 210.3 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 2, 2024

Draw Date Jackpot Cash Option
Sat Mar 2, 2024$443,000,000$210,300,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$210,300,000
Federal Tax(24%)$50,472,000
Additional Federal Tax$27,299,330
State Tax(0%)$0
Net Lumpsum Payment$132,528,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $6,667,593 -$2,427,340
-$0
$4,240,253
2 $7,001,172 -$2,550,764
-$0
$4,450,408
3 $7,351,142 -$2,680,253
-$0
$4,670,889
4 $7,718,832 -$2,816,298
-$0
$4,902,534
5 $8,104,685 -$2,959,064
-$0
$5,145,621
6 $8,510,030 -$3,109,041
-$0
$5,400,989
7 $8,935,310 -$3,266,395
-$0
$5,668,915
8 $9,382,297 -$3,431,780
-$0
$5,950,517
9 $9,851,434 -$3,605,361
-$0
$6,246,073
10 $10,344,050 -$3,787,629
-$0
$6,556,421
11 $10,861,031 -$3,978,912
-$0
$6,882,119
12 $11,404,149 -$4,179,866
-$0
$7,224,283
13 $11,974,290 -$4,390,818
-$0
$7,583,472
14 $12,573,226 -$4,612,424
-$0
$7,960,802
15 $13,201,843 -$4,845,012
-$0
$8,356,831
16 $13,861,913 -$5,089,238
-$0
$8,772,675
17 $14,554,765 -$5,345,593
-$0
$9,209,172
18 $15,282,614 -$5,614,898
-$0
$9,667,716
19 $16,046,789 -$5,897,642
-$0
$10,149,147
20 $16,849,062 -$6,194,483
-$0
$10,654,579
21 $17,691,648 -$6,506,240
-$0
$11,185,408
22 $18,576,319 -$6,833,568
-$0
$11,742,751
23 $19,504,847 -$7,177,124
-$0
$12,327,723
24 $20,480,333 -$7,538,054
-$0
$12,942,279
25 $21,504,106 -$7,916,850
-$0
$13,587,256
26 $22,579,710 -$8,314,823
-$0
$14,264,887
27 $23,708,474 -$8,732,466
-$0
$14,976,008
28 $24,893,942 -$9,171,089
-$0
$15,722,853
29 $26,138,772 -$9,631,676
-$0
$16,507,096
30 $27,445,622 -$10,115,211
-$0
$17,330,411
Cash Option: $210.3 Million
Next Draw: Sat Mar 2
Powerball
Wed Feb 28, 2024
162629385006

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