Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 15, 2026 is estimated to be $498 Million, with a cash option of 221 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 Wed Jul 15, 2026

Draw Date	Jackpot	Cash Option
Wed Jul 15, 2026	$498,000,000	$221,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$221,000,000
Federal Tax(24%)	$53,040,000
Additional Federal Tax	$28,690,330
State Tax(0%)	$0
Net Lumpsum Payment	$139,269,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,495,398	-$2,733,628 -$0	$4,761,770
2	$7,870,392	-$2,872,375 -$0	$4,998,017
3	$8,263,812	-$3,017,941 -$0	$5,245,871
4	$8,677,152	-$3,170,877 -$0	$5,506,275
5	$9,110,910	-$3,331,367 -$0	$5,779,543
6	$9,566,580	-$3,499,965 -$0	$6,066,615
7	$10,044,660	-$3,676,855 -$0	$6,367,805
8	$10,547,142	-$3,862,773 -$0	$6,684,369
9	$11,074,524	-$4,057,904 -$0	$7,016,620
10	$11,628,300	-$4,262,801 -$0	$7,365,499
11	$12,209,466	-$4,477,833 -$0	$7,731,633
12	$12,820,014	-$4,703,736 -$0	$8,116,278
13	$13,460,940	-$4,940,878 -$0	$8,520,062
14	$14,134,236	-$5,189,998 -$0	$8,944,238
15	$14,840,898	-$5,451,463 -$0	$9,389,435
16	$15,582,918	-$5,726,010 -$0	$9,856,908
17	$16,361,790	-$6,014,193 -$0	$10,347,597
18	$17,180,004	-$6,316,932 -$0	$10,863,072
19	$18,039,054	-$6,634,780 -$0	$11,404,274
20	$18,940,932	-$6,968,475 -$0	$11,972,457
21	$19,888,128	-$7,318,938 -$0	$12,569,190
22	$20,882,634	-$7,686,905 -$0	$13,195,729
23	$21,926,442	-$8,073,114 -$0	$13,853,328
24	$23,023,038	-$8,478,854 -$0	$14,544,184
25	$24,173,916	-$8,904,679 -$0	$15,269,237
26	$25,383,060	-$9,352,063 -$0	$16,030,997
27	$26,651,964	-$9,821,557 -$0	$16,830,407
28	$27,984,612	-$10,314,637 -$0	$17,669,975
29	$29,383,992	-$10,832,407 -$0	$18,551,585
30	$30,853,092	-$11,375,974 -$0	$19,477,118