Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 24, 2025 is estimated to be $680 Million, with a cash option of 318.2 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 Fri Oct 24, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 24, 2025	$680,000,000	$318,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$318,200,000
Federal Tax(24%)	$76,368,000
Additional Federal Tax	$41,326,330
State Tax(0%)	$0
Net Lumpsum Payment	$200,505,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,234,680	-$3,747,162 -$0	$6,487,518
2	$10,746,720	-$3,936,617 -$0	$6,810,103
3	$11,283,920	-$4,135,381 -$0	$7,148,539
4	$11,848,320	-$4,344,209 -$0	$7,504,111
5	$12,440,600	-$4,563,352 -$0	$7,877,248
6	$13,062,800	-$4,793,566 -$0	$8,269,234
7	$13,715,600	-$5,035,102 -$0	$8,680,498
8	$14,401,720	-$5,288,967 -$0	$9,112,753
9	$15,121,840	-$5,555,411 -$0	$9,566,429
10	$15,878,000	-$5,835,190 -$0	$10,042,810
11	$16,671,560	-$6,128,808 -$0	$10,542,752
12	$17,505,240	-$6,437,269 -$0	$11,067,971
13	$18,380,400	-$6,761,078 -$0	$11,619,322
14	$19,299,760	-$7,101,242 -$0	$12,198,518
15	$20,264,680	-$7,458,262 -$0	$12,806,418
16	$21,277,880	-$7,833,146 -$0	$13,444,734
17	$22,341,400	-$8,226,648 -$0	$14,114,752
18	$23,458,640	-$8,640,027 -$0	$14,818,613
19	$24,631,640	-$9,074,037 -$0	$15,557,603
20	$25,863,120	-$9,529,685 -$0	$16,333,435
21	$27,156,480	-$10,008,228 -$0	$17,148,252
22	$28,514,440	-$10,510,673 -$0	$18,003,767
23	$29,939,720	-$11,038,027 -$0	$18,901,693
24	$31,437,080	-$11,592,050 -$0	$19,845,030
25	$33,008,560	-$12,173,498 -$0	$20,835,062
26	$34,659,600	-$12,784,382 -$0	$21,875,218
27	$36,392,240	-$13,425,459 -$0	$22,966,781
28	$38,211,920	-$14,098,741 -$0	$24,113,179
29	$40,122,720	-$14,805,737 -$0	$25,316,983
30	$42,128,720	-$15,547,957 -$0	$26,580,763