Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 12, 2025 is estimated to be $93 Million, with a cash option of 42.3 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 Mon May 12, 2025

Draw Date	Jackpot	Cash Option
Mon May 12, 2025	$93,000,000	$42,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$42,300,000
Federal Tax(24%)	$10,152,000
Additional Federal Tax	$5,459,330
State Tax(0%)	$0
Net Lumpsum Payment	$26,688,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,399,743	-$478,235 -$0	$921,508
2	$1,469,772	-$504,146 -$0	$965,626
3	$1,543,242	-$531,330 -$0	$1,011,912
4	$1,620,432	-$559,890 -$0	$1,060,542
5	$1,701,435	-$589,861 -$0	$1,111,574
6	$1,786,530	-$621,346 -$0	$1,165,184
7	$1,875,810	-$654,380 -$0	$1,221,430
8	$1,969,647	-$689,100 -$0	$1,280,547
9	$2,068,134	-$725,540 -$0	$1,342,594
10	$2,171,550	-$763,804 -$0	$1,407,746
11	$2,280,081	-$803,960 -$0	$1,476,121
12	$2,394,099	-$846,147 -$0	$1,547,952
13	$2,513,790	-$890,433 -$0	$1,623,357
14	$2,639,526	-$936,955 -$0	$1,702,571
15	$2,771,493	-$985,783 -$0	$1,785,710
16	$2,910,063	-$1,037,054 -$0	$1,873,009
17	$3,055,515	-$1,090,871 -$0	$1,964,644
18	$3,208,314	-$1,147,407 -$0	$2,060,907
19	$3,368,739	-$1,206,764 -$0	$2,161,975
20	$3,537,162	-$1,269,080 -$0	$2,268,082
21	$3,714,048	-$1,334,528 -$0	$2,379,520
22	$3,899,769	-$1,403,245 -$0	$2,496,524
23	$4,094,697	-$1,475,368 -$0	$2,619,329
24	$4,299,483	-$1,551,139 -$0	$2,748,344
25	$4,514,406	-$1,630,661 -$0	$2,883,745
26	$4,740,210	-$1,714,208 -$0	$3,026,002
27	$4,977,174	-$1,801,885 -$0	$3,175,289
28	$5,226,042	-$1,893,966 -$0	$3,332,076
29	$5,487,372	-$1,990,658 -$0	$3,496,714
30	$5,761,722	-$2,092,168 -$0	$3,669,554