Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 16, 2026 is estimated to be $403 Million, with a cash option of 162.1 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 Oct 16, 2026

Draw Date	Jackpot	Cash Option
Fri Oct 16, 2026	$403,000,000	$162,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$162,100,000
Federal Tax(24%)	$38,904,000
Additional Federal Tax	$21,033,330
State Tax(0%)	$0
Net Lumpsum Payment	$102,162,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,065,553	-$2,204,585 -$0	$3,860,968
2	$6,369,012	-$2,316,865 -$0	$4,052,147
3	$6,687,382	-$2,434,662 -$0	$4,252,720
4	$7,021,872	-$2,558,423 -$0	$4,463,449
5	$7,372,885	-$2,688,298 -$0	$4,684,587
6	$7,741,630	-$2,824,733 -$0	$4,916,897
7	$8,128,510	-$2,967,879 -$0	$5,160,631
8	$8,535,137	-$3,118,331 -$0	$5,416,806
9	$8,961,914	-$3,276,239 -$0	$5,685,675
10	$9,410,050	-$3,442,049 -$0	$5,968,001
11	$9,880,351	-$3,616,060 -$0	$6,264,291
12	$10,374,429	-$3,798,869 -$0	$6,575,560
13	$10,893,090	-$3,990,774 -$0	$6,902,316
14	$11,437,946	-$4,192,370 -$0	$7,245,576
15	$12,009,803	-$4,403,957 -$0	$7,605,846
16	$12,610,273	-$4,626,131 -$0	$7,984,142
17	$13,240,565	-$4,859,339 -$0	$8,381,226
18	$13,902,694	-$5,104,327 -$0	$8,798,367
19	$14,597,869	-$5,361,542 -$0	$9,236,327
20	$15,327,702	-$5,631,580 -$0	$9,696,122
21	$16,094,208	-$5,915,187 -$0	$10,179,021
22	$16,898,999	-$6,212,960 -$0	$10,686,039
23	$17,743,687	-$6,525,495 -$0	$11,218,192
24	$18,631,093	-$6,853,835 -$0	$11,777,258
25	$19,562,426	-$7,198,428 -$0	$12,363,998
26	$20,540,910	-$7,560,467 -$0	$12,980,443
27	$21,567,754	-$7,940,399 -$0	$13,627,355
28	$22,646,182	-$8,339,418 -$0	$14,306,764
29	$23,778,612	-$8,758,417 -$0	$15,020,195
30	$24,967,462	-$9,198,291 -$0	$15,769,171