Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 21, 2024 is estimated to be $80 Million, with a cash option of 38.2 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Fri Jun 21, 2024

Draw Date Jackpot Cash Option
Fri Jun 21, 2024$80,000,000$38,200,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$38,200,000
Federal Tax(24%)$9,168,000
Additional Federal Tax$4,926,330
State Tax(0%)$0
Net Lumpsum Payment$24,105,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $1,204,080 -$405,840
-$0
$798,240
2 $1,264,320 -$428,129
-$0
$836,191
3 $1,327,520 -$451,513
-$0
$876,007
4 $1,393,920 -$476,081
-$0
$917,839
5 $1,463,600 -$501,862
-$0
$961,738
6 $1,536,800 -$528,946
-$0
$1,007,854
7 $1,613,600 -$557,362
-$0
$1,056,238
8 $1,694,320 -$587,229
-$0
$1,107,091
9 $1,779,040 -$618,575
-$0
$1,160,465
10 $1,868,000 -$651,490
-$0
$1,216,510
11 $1,961,360 -$686,034
-$0
$1,275,326
12 $2,059,440 -$722,323
-$0
$1,337,117
13 $2,162,400 -$760,418
-$0
$1,401,982
14 $2,270,560 -$800,438
-$0
$1,470,122
15 $2,384,080 -$842,440
-$0
$1,541,640
16 $2,503,280 -$886,544
-$0
$1,616,736
17 $2,628,400 -$932,838
-$0
$1,695,562
18 $2,759,840 -$981,471
-$0
$1,778,369
19 $2,897,840 -$1,032,531
-$0
$1,865,309
20 $3,042,720 -$1,086,137
-$0
$1,956,583
21 $3,194,880 -$1,142,436
-$0
$2,052,444
22 $3,354,640 -$1,201,547
-$0
$2,153,093
23 $3,522,320 -$1,263,589
-$0
$2,258,731
24 $3,698,480 -$1,328,768
-$0
$2,369,712
25 $3,883,360 -$1,397,174
-$0
$2,486,186
26 $4,077,600 -$1,469,042
-$0
$2,608,558
27 $4,281,440 -$1,544,463
-$0
$2,736,977
28 $4,495,520 -$1,623,673
-$0
$2,871,847
29 $4,720,320 -$1,706,849
-$0
$3,013,471
30 $4,956,320 -$1,794,169
-$0
$3,162,151
Cash Option: $38.2 Million
Next Draw: Fri Jun 21
Mega Millions
Tue Jun 18, 2024
212250556720

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