Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 12, 2025 is estimated to be $234 Million, with a cash option of 106.6 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 Jul 12, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 12, 2025	$234,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(0%)	$0
Net Lumpsum Payment	$67,197,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,521,934	-$1,263,446 -$0	$2,258,488
2	$3,698,136	-$1,328,641 -$0	$2,369,495
3	$3,882,996	-$1,397,039 -$0	$2,485,957
4	$4,077,216	-$1,468,900 -$0	$2,608,316
5	$4,281,030	-$1,544,311 -$0	$2,736,719
6	$4,495,140	-$1,623,532 -$0	$2,871,608
7	$4,719,780	-$1,706,649 -$0	$3,013,131
8	$4,955,886	-$1,794,008 -$0	$3,161,878
9	$5,203,692	-$1,885,696 -$0	$3,317,996
10	$5,463,900	-$1,981,973 -$0	$3,481,927
11	$5,736,978	-$2,083,012 -$0	$3,653,966
12	$6,023,862	-$2,189,159 -$0	$3,834,703
13	$6,325,020	-$2,300,588 -$0	$4,024,432
14	$6,641,388	-$2,417,644 -$0	$4,223,744
15	$6,973,434	-$2,540,501 -$0	$4,432,933
16	$7,322,094	-$2,669,505 -$0	$4,652,589
17	$7,688,070	-$2,804,916 -$0	$4,883,154
18	$8,072,532	-$2,947,167 -$0	$5,125,365
19	$8,476,182	-$3,096,518 -$0	$5,379,664
20	$8,899,956	-$3,253,314 -$0	$5,646,642
21	$9,345,024	-$3,417,989 -$0	$5,927,035
22	$9,812,322	-$3,590,890 -$0	$6,221,432
23	$10,302,786	-$3,772,361 -$0	$6,530,425
24	$10,818,054	-$3,963,010 -$0	$6,855,044
25	$11,358,828	-$4,163,097 -$0	$7,195,731
26	$11,926,980	-$4,373,313 -$0	$7,553,667
27	$12,523,212	-$4,593,919 -$0	$7,929,293
28	$13,149,396	-$4,825,607 -$0	$8,323,789
29	$13,806,936	-$5,068,897 -$0	$8,738,039
30	$14,497,236	-$5,324,308 -$0	$9,172,928