Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 May 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(0%)	$0
Net Lumpsum Payment	$57,369,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$0	$2,002,471
2	$3,271,428	-$1,170,759 -$0	$2,100,669
3	$3,434,958	-$1,231,265 -$0	$2,203,693
4	$3,606,768	-$1,294,835 -$0	$2,311,933
5	$3,787,065	-$1,361,544 -$0	$2,425,521
6	$3,976,470	-$1,431,624 -$0	$2,544,846
7	$4,175,190	-$1,505,151 -$0	$2,670,039
8	$4,384,053	-$1,582,430 -$0	$2,801,623
9	$4,603,266	-$1,663,539 -$0	$2,939,727
10	$4,833,450	-$1,748,707 -$0	$3,084,743
11	$5,075,019	-$1,838,087 -$0	$3,236,932
12	$5,328,801	-$1,931,987 -$0	$3,396,814
13	$5,595,210	-$2,030,558 -$0	$3,564,652
14	$5,875,074	-$2,134,108 -$0	$3,740,966
15	$6,168,807	-$2,242,789 -$0	$3,926,018
16	$6,477,237	-$2,356,908 -$0	$4,120,329
17	$6,800,985	-$2,476,695 -$0	$4,324,290
18	$7,141,086	-$2,602,532 -$0	$4,538,554
19	$7,498,161	-$2,734,650 -$0	$4,763,511
20	$7,873,038	-$2,873,354 -$0	$4,999,684
21	$8,266,752	-$3,019,029 -$0	$5,247,723
22	$8,680,131	-$3,171,979 -$0	$5,508,152
23	$9,114,003	-$3,332,511 -$0	$5,781,492
24	$9,569,817	-$3,501,163 -$0	$6,068,654
25	$10,048,194	-$3,678,162 -$0	$6,370,032
26	$10,550,790	-$3,864,123 -$0	$6,686,667
27	$11,078,226	-$4,059,274 -$0	$7,018,952
28	$11,632,158	-$4,264,229 -$0	$7,367,929
29	$12,213,828	-$4,479,447 -$0	$7,734,381
30	$12,824,478	-$4,705,387 -$0	$8,119,091