Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 26, 2026 is estimated to be $96 Million, with a cash option of 41.2 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 Wed Aug 26, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 26, 2026	$96,000,000	$41,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$41,200,000
Federal Tax(24%)	$9,888,000
Additional Federal Tax	$5,316,330
State Tax(0%)	$0
Net Lumpsum Payment	$25,995,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,444,896	-$494,942 -$0	$949,954
2	$1,517,184	-$521,688 -$0	$995,496
3	$1,593,024	-$549,749 -$0	$1,043,275
4	$1,672,704	-$579,231 -$0	$1,093,473
5	$1,756,320	-$610,169 -$0	$1,146,151
6	$1,844,160	-$642,670 -$0	$1,201,490
7	$1,936,320	-$676,769 -$0	$1,259,551
8	$2,033,184	-$712,608 -$0	$1,320,576
9	$2,134,848	-$750,224 -$0	$1,384,624
10	$2,241,600	-$789,722 -$0	$1,451,878
11	$2,353,632	-$831,174 -$0	$1,522,458
12	$2,471,328	-$874,722 -$0	$1,596,606
13	$2,594,880	-$920,436 -$0	$1,674,444
14	$2,724,672	-$968,459 -$0	$1,756,213
15	$2,860,896	-$1,018,862 -$0	$1,842,034
16	$3,003,936	-$1,071,787 -$0	$1,932,149
17	$3,154,080	-$1,127,340 -$0	$2,026,740
18	$3,311,808	-$1,185,699 -$0	$2,126,109
19	$3,477,408	-$1,246,971 -$0	$2,230,437
20	$3,651,264	-$1,311,298 -$0	$2,339,966
21	$3,833,856	-$1,378,857 -$0	$2,454,999
22	$4,025,568	-$1,449,791 -$0	$2,575,777
23	$4,226,784	-$1,524,240 -$0	$2,702,544
24	$4,438,176	-$1,602,456 -$0	$2,835,720
25	$4,660,032	-$1,684,542 -$0	$2,975,490
26	$4,893,120	-$1,770,785 -$0	$3,122,335
27	$5,137,728	-$1,861,290 -$0	$3,276,438
28	$5,394,624	-$1,956,341 -$0	$3,438,283
29	$5,664,384	-$2,056,152 -$0	$3,608,232
30	$5,947,584	-$2,160,936 -$0	$3,786,648