Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Mar 19, 2025 is estimated to be $416 Million, with a cash option of 194.1 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 Wed Mar 19, 2025

Draw Date	Jackpot	Cash Option
Wed Mar 19, 2025	$416,000,000	$194,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$194,100,000
Federal Tax(24%)	$46,584,000
Additional Federal Tax	$25,193,330
State Tax(0%)	$0
Net Lumpsum Payment	$122,322,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,261,216	-$2,276,980 -$0	$3,984,236
2	$6,574,464	-$2,392,882 -$0	$4,181,582
3	$6,903,104	-$2,514,479 -$0	$4,388,625
4	$7,248,384	-$2,642,232 -$0	$4,606,152
5	$7,610,720	-$2,776,297 -$0	$4,834,423
6	$7,991,360	-$2,917,134 -$0	$5,074,226
7	$8,390,720	-$3,064,897 -$0	$5,325,823
8	$8,810,464	-$3,220,202 -$0	$5,590,262
9	$9,251,008	-$3,383,203 -$0	$5,867,805
10	$9,713,600	-$3,554,362 -$0	$6,159,238
11	$10,199,072	-$3,733,987 -$0	$6,465,085
12	$10,709,088	-$3,922,693 -$0	$6,786,395
13	$11,244,480	-$4,120,788 -$0	$7,123,692
14	$11,806,912	-$4,328,888 -$0	$7,478,024
15	$12,397,216	-$4,547,300 -$0	$7,849,916
16	$13,017,056	-$4,776,641 -$0	$8,240,415
17	$13,667,680	-$5,017,372 -$0	$8,650,308
18	$14,351,168	-$5,270,263 -$0	$9,080,905
19	$15,068,768	-$5,535,775 -$0	$9,532,993
20	$15,822,144	-$5,814,524 -$0	$10,007,620
21	$16,613,376	-$6,107,280 -$0	$10,506,096
22	$17,444,128	-$6,414,658 -$0	$11,029,470
23	$18,316,064	-$6,737,274 -$0	$11,578,790
24	$19,232,096	-$7,076,206 -$0	$12,155,890
25	$20,193,472	-$7,431,915 -$0	$12,761,557
26	$21,203,520	-$7,805,633 -$0	$13,397,887
27	$22,263,488	-$8,197,821 -$0	$14,065,667
28	$23,376,704	-$8,609,711 -$0	$14,766,993
29	$24,545,664	-$9,042,226 -$0	$15,503,438
30	$25,772,864	-$9,496,290 -$0	$16,276,574