Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 15, 2025 is estimated to be $198 Million, with a cash option of 89.3 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 Fri Aug 15, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 15, 2025	$198,000,000	$89,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$89,300,000
Federal Tax(24%)	$21,432,000
Additional Federal Tax	$11,569,330
State Tax(0%)	$0
Net Lumpsum Payment	$56,298,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,980,098	-$1,062,967 -$0	$1,917,131
2	$3,129,192	-$1,118,131 -$0	$2,011,061
3	$3,285,612	-$1,176,007 -$0	$2,109,605
4	$3,449,952	-$1,236,813 -$0	$2,213,139
5	$3,622,410	-$1,300,622 -$0	$2,321,788
6	$3,803,580	-$1,367,655 -$0	$2,435,925
7	$3,993,660	-$1,437,985 -$0	$2,555,675
8	$4,193,442	-$1,511,904 -$0	$2,681,538
9	$4,403,124	-$1,589,486 -$0	$2,813,638
10	$4,623,300	-$1,670,951 -$0	$2,952,349
11	$4,854,366	-$1,756,446 -$0	$3,097,920
12	$5,097,114	-$1,846,263 -$0	$3,250,851
13	$5,351,940	-$1,940,548 -$0	$3,411,392
14	$5,619,636	-$2,039,596 -$0	$3,580,040
15	$5,900,598	-$2,143,552 -$0	$3,757,046
16	$6,195,618	-$2,252,709 -$0	$3,942,909
17	$6,505,290	-$2,367,288 -$0	$4,138,002
18	$6,830,604	-$2,487,654 -$0	$4,342,950
19	$7,172,154	-$2,614,027 -$0	$4,558,127
20	$7,530,732	-$2,746,701 -$0	$4,784,031
21	$7,907,328	-$2,886,042 -$0	$5,021,286
22	$8,302,734	-$3,032,342 -$0	$5,270,392
23	$8,717,742	-$3,185,895 -$0	$5,531,847
24	$9,153,738	-$3,347,213 -$0	$5,806,525
25	$9,611,316	-$3,516,517 -$0	$6,094,799
26	$10,092,060	-$3,694,393 -$0	$6,397,667
27	$10,596,564	-$3,881,059 -$0	$6,715,505
28	$11,126,412	-$4,077,103 -$0	$7,049,309
29	$11,682,792	-$4,282,963 -$0	$7,399,829
30	$12,266,892	-$4,499,080 -$0	$7,767,812