Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 10, 2025 is estimated to be $82 Million, with a cash option of 37.7 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 10, 2025

Draw Date	Jackpot	Cash Option
Sat May 10, 2025	$82,000,000	$37,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$37,700,000
Federal Tax(24%)	$9,048,000
Additional Federal Tax	$4,861,330
State Tax(0%)	$0
Net Lumpsum Payment	$23,790,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,234,182	-$416,978 -$0	$817,204
2	$1,295,928	-$439,824 -$0	$856,104
3	$1,360,708	-$463,792 -$0	$896,916
4	$1,428,768	-$488,975 -$0	$939,793
5	$1,500,190	-$515,401 -$0	$984,789
6	$1,575,220	-$543,162 -$0	$1,032,058
7	$1,653,940	-$572,288 -$0	$1,081,652
8	$1,736,678	-$602,901 -$0	$1,133,777
9	$1,823,516	-$635,031 -$0	$1,188,485
10	$1,914,700	-$668,769 -$0	$1,245,931
11	$2,010,394	-$704,176 -$0	$1,306,218
12	$2,110,926	-$741,373 -$0	$1,369,553
13	$2,216,460	-$780,421 -$0	$1,436,039
14	$2,327,324	-$821,440 -$0	$1,505,884
15	$2,443,682	-$864,493 -$0	$1,579,189
16	$2,565,862	-$909,699 -$0	$1,656,163
17	$2,694,110	-$957,151 -$0	$1,736,959
18	$2,828,836	-$1,007,000 -$0	$1,821,836
19	$2,970,286	-$1,059,336 -$0	$1,910,950
20	$3,118,788	-$1,114,282 -$0	$2,004,506
21	$3,274,752	-$1,171,989 -$0	$2,102,763
22	$3,438,506	-$1,232,578 -$0	$2,205,928
23	$3,610,378	-$1,296,170 -$0	$2,314,208
24	$3,790,942	-$1,362,979 -$0	$2,427,963
25	$3,980,444	-$1,433,095 -$0	$2,547,349
26	$4,179,540	-$1,506,760 -$0	$2,672,780
27	$4,388,476	-$1,584,067 -$0	$2,804,409
28	$4,607,908	-$1,665,256 -$0	$2,942,652
29	$4,838,328	-$1,750,512 -$0	$3,087,816
30	$5,080,228	-$1,840,015 -$0	$3,240,213