Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 19, 2024 is estimated to be $437 Million, with a cash option of 210.3 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 Oct 19, 2024

Draw Date	Jackpot	Cash Option
Sat Oct 19, 2024	$437,000,000	$210,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$210,300,000
Federal Tax(24%)	$50,472,000
Additional Federal Tax	$27,299,330
State Tax(0%)	$0
Net Lumpsum Payment	$132,528,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,577,287	-$2,393,927 -$0	$4,183,360
2	$6,906,348	-$2,515,679 -$0	$4,390,669
3	$7,251,578	-$2,643,414 -$0	$4,608,164
4	$7,614,288	-$2,777,617 -$0	$4,836,671
5	$7,994,915	-$2,918,449 -$0	$5,076,466
6	$8,394,770	-$3,066,395 -$0	$5,328,375
7	$8,814,290	-$3,221,618 -$0	$5,592,672
8	$9,255,223	-$3,384,763 -$0	$5,870,460
9	$9,718,006	-$3,555,993 -$0	$6,162,013
10	$10,203,950	-$3,735,792 -$0	$6,468,158
11	$10,713,929	-$3,924,484 -$0	$6,789,445
12	$11,249,691	-$4,122,716 -$0	$7,126,975
13	$11,812,110	-$4,330,811 -$0	$7,481,299
14	$12,402,934	-$4,549,416 -$0	$7,853,518
15	$13,023,037	-$4,778,854 -$0	$8,244,183
16	$13,674,167	-$5,019,772 -$0	$8,654,395
17	$14,357,635	-$5,272,655 -$0	$9,084,980
18	$15,075,626	-$5,538,312 -$0	$9,537,314
19	$15,829,451	-$5,817,227 -$0	$10,012,224
20	$16,620,858	-$6,110,048 -$0	$10,510,810
21	$17,452,032	-$6,417,582 -$0	$11,034,450
22	$18,324,721	-$6,740,477 -$0	$11,584,244
23	$19,240,673	-$7,079,379 -$0	$12,161,294
24	$20,202,947	-$7,435,421 -$0	$12,767,526
25	$21,212,854	-$7,809,086 -$0	$13,403,768
26	$22,273,890	-$8,201,670 -$0	$14,072,220
27	$23,387,366	-$8,613,656 -$0	$14,773,710
28	$24,556,778	-$9,046,338 -$0	$15,510,440
29	$25,784,748	-$9,500,687 -$0	$16,284,061
30	$27,073,898	-$9,977,673 -$0	$17,096,225