Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Tue Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(0%)	$0
Net Lumpsum Payment	$117,093,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$0	$3,832,522
2	$6,321,600	-$2,299,322 -$0	$4,022,278
3	$6,637,600	-$2,416,242 -$0	$4,221,358
4	$6,969,600	-$2,539,082 -$0	$4,430,518
5	$7,318,000	-$2,667,990 -$0	$4,650,010
6	$7,684,000	-$2,803,410 -$0	$4,880,590
7	$8,068,000	-$2,945,490 -$0	$5,122,510
8	$8,471,600	-$3,094,822 -$0	$5,376,778
9	$8,895,200	-$3,251,554 -$0	$5,643,646
10	$9,340,000	-$3,416,130 -$0	$5,923,870
11	$9,806,800	-$3,588,846 -$0	$6,217,954
12	$10,297,200	-$3,770,294 -$0	$6,526,906
13	$10,812,000	-$3,960,770 -$0	$6,851,230
14	$11,352,800	-$4,160,866 -$0	$7,191,934
15	$11,920,400	-$4,370,878 -$0	$7,549,522
16	$12,516,400	-$4,591,398 -$0	$7,925,002
17	$13,142,000	-$4,822,870 -$0	$8,319,130
18	$13,799,200	-$5,066,034 -$0	$8,733,166
19	$14,489,200	-$5,321,334 -$0	$9,167,866
20	$15,213,600	-$5,589,362 -$0	$9,624,238
21	$15,974,400	-$5,870,858 -$0	$10,103,542
22	$16,773,200	-$6,166,414 -$0	$10,606,786
23	$17,611,600	-$6,476,622 -$0	$11,134,978
24	$18,492,400	-$6,802,518 -$0	$11,689,882
25	$19,416,800	-$7,144,546 -$0	$12,272,254
26	$20,388,000	-$7,503,890 -$0	$12,884,110
27	$21,407,200	-$7,880,994 -$0	$13,526,206
28	$22,477,600	-$8,277,042 -$0	$14,200,558
29	$23,601,600	-$8,692,922 -$0	$14,908,678
30	$24,781,600	-$9,129,522 -$0	$15,652,078