Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 2, 2025 is estimated to be $410 Million, with a cash option of 184.9 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 Aug 2, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 2, 2025	$410,000,000	$184,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$184,900,000
Federal Tax(24%)	$44,376,000
Additional Federal Tax	$23,997,330
State Tax(0%)	$0
Net Lumpsum Payment	$116,526,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,170,910	-$2,243,567 -$0	$3,927,343
2	$6,479,640	-$2,357,797 -$0	$4,121,843
3	$6,803,540	-$2,477,640 -$0	$4,325,900
4	$7,143,840	-$2,603,551 -$0	$4,540,289
5	$7,500,950	-$2,735,682 -$0	$4,765,268
6	$7,876,100	-$2,874,487 -$0	$5,001,613
7	$8,269,700	-$3,020,119 -$0	$5,249,581
8	$8,683,390	-$3,173,185 -$0	$5,510,205
9	$9,117,580	-$3,333,835 -$0	$5,783,745
10	$9,573,500	-$3,502,525 -$0	$6,070,975
11	$10,051,970	-$3,679,559 -$0	$6,372,411
12	$10,554,630	-$3,865,543 -$0	$6,689,087
13	$11,082,300	-$4,060,781 -$0	$7,021,519
14	$11,636,620	-$4,265,880 -$0	$7,370,740
15	$12,218,410	-$4,481,142 -$0	$7,737,268
16	$12,829,310	-$4,707,175 -$0	$8,122,135
17	$13,470,550	-$4,944,434 -$0	$8,526,116
18	$14,144,180	-$5,193,677 -$0	$8,950,503
19	$14,851,430	-$5,455,359 -$0	$9,396,071
20	$15,593,940	-$5,730,088 -$0	$9,863,852
21	$16,373,760	-$6,018,622 -$0	$10,355,138
22	$17,192,530	-$6,321,566 -$0	$10,870,964
23	$18,051,890	-$6,639,530 -$0	$11,412,360
24	$18,954,710	-$6,973,573 -$0	$11,981,137
25	$19,902,220	-$7,324,152 -$0	$12,578,068
26	$20,897,700	-$7,692,479 -$0	$13,205,221
27	$21,942,380	-$8,079,011 -$0	$13,863,369
28	$23,039,540	-$8,484,960 -$0	$14,554,580
29	$24,191,640	-$8,911,237 -$0	$15,280,403
30	$25,401,140	-$9,358,752 -$0	$16,042,388