Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 14, 2024 is estimated to be $47 Million, with a cash option of 21.8 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Fri Jun 14, 2024

Draw Date Jackpot Cash Option
Fri Jun 14, 2024$47,000,000$21,800,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$21,800,000
Federal Tax(24%)$5,232,000
Additional Federal Tax$2,794,330
State Tax(0%)$0
Net Lumpsum Payment$13,773,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $707,397 -$222,067
-$0
$485,330
2 $742,788 -$235,162
-$0
$507,626
3 $779,918 -$248,900
-$0
$531,018
4 $818,928 -$263,334
-$0
$555,594
5 $859,865 -$278,480
-$0
$581,385
6 $902,870 -$294,392
-$0
$608,478
7 $947,990 -$311,087
-$0
$636,903
8 $995,413 -$328,633
-$0
$666,780
9 $1,045,186 -$347,049
-$0
$698,137
10 $1,097,450 -$366,387
-$0
$731,063
11 $1,152,299 -$386,681
-$0
$765,618
12 $1,209,921 -$408,001
-$0
$801,920
13 $1,270,410 -$430,382
-$0
$840,028
14 $1,333,954 -$453,893
-$0
$880,061
15 $1,400,647 -$478,570
-$0
$922,077
16 $1,470,677 -$504,481
-$0
$966,196
17 $1,544,185 -$531,679
-$0
$1,012,506
18 $1,621,406 -$560,251
-$0
$1,061,155
19 $1,702,481 -$590,248
-$0
$1,112,233
20 $1,787,598 -$621,742
-$0
$1,165,856
21 $1,876,992 -$654,817
-$0
$1,222,175
22 $1,970,851 -$689,545
-$0
$1,281,306
23 $2,069,363 -$725,995
-$0
$1,343,368
24 $2,172,857 -$764,287
-$0
$1,408,570
25 $2,281,474 -$804,476
-$0
$1,476,998
26 $2,395,590 -$846,699
-$0
$1,548,891
27 $2,515,346 -$891,008
-$0
$1,624,338
28 $2,641,118 -$937,544
-$0
$1,703,574
29 $2,773,188 -$986,410
-$0
$1,786,778
30 $2,911,838 -$1,037,710
-$0
$1,874,128
Cash Option: $21.8 Million
Next Draw: Fri Jun 14
Mega Millions
Tue Jun 11, 2024
010507222408

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