Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 3, 2025 is estimated to be $202 Million, with a cash option of 90 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 Tue Jun 3, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 3, 2025	$202,000,000	$90,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$90,000,000
Federal Tax(24%)	$21,600,000
Additional Federal Tax	$11,660,330
State Tax(0%)	$0
Net Lumpsum Payment	$56,739,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,040,302	-$1,085,242 -$0	$1,955,060
2	$3,192,408	-$1,141,521 -$0	$2,050,887
3	$3,351,988	-$1,200,566 -$0	$2,151,422
4	$3,519,648	-$1,262,600 -$0	$2,257,048
5	$3,695,590	-$1,327,699 -$0	$2,367,891
6	$3,880,420	-$1,396,086 -$0	$2,484,334
7	$4,074,340	-$1,467,836 -$0	$2,606,504
8	$4,278,158	-$1,543,249 -$0	$2,734,909
9	$4,492,076	-$1,622,399 -$0	$2,869,677
10	$4,716,700	-$1,705,509 -$0	$3,011,191
11	$4,952,434	-$1,792,731 -$0	$3,159,703
12	$5,200,086	-$1,884,362 -$0	$3,315,724
13	$5,460,060	-$1,980,553 -$0	$3,479,507
14	$5,733,164	-$2,081,601 -$0	$3,651,563
15	$6,019,802	-$2,187,657 -$0	$3,832,145
16	$6,320,782	-$2,299,020 -$0	$4,021,762
17	$6,636,710	-$2,415,913 -$0	$4,220,797
18	$6,968,596	-$2,538,711 -$0	$4,429,885
19	$7,317,046	-$2,667,637 -$0	$4,649,409
20	$7,682,868	-$2,802,992 -$0	$4,879,876
21	$8,067,072	-$2,945,147 -$0	$5,121,925
22	$8,470,466	-$3,094,403 -$0	$5,376,063
23	$8,893,858	-$3,251,058 -$0	$5,642,800
24	$9,338,662	-$3,415,635 -$0	$5,923,027
25	$9,805,484	-$3,588,359 -$0	$6,217,125
26	$10,295,940	-$3,769,828 -$0	$6,526,112
27	$10,810,636	-$3,960,266 -$0	$6,850,370
28	$11,351,188	-$4,160,270 -$0	$7,190,918
29	$11,918,808	-$4,370,289 -$0	$7,548,519
30	$12,514,708	-$4,590,772 -$0	$7,923,936