Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 24, 2025 is estimated to be $326 Million, with a cash option of 145.7 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 Tue Jun 24, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 24, 2025	$326,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(0%)	$0
Net Lumpsum Payment	$91,830,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,906,626	-$1,775,782 -$0	$3,130,844
2	$5,152,104	-$1,866,609 -$0	$3,285,495
3	$5,409,644	-$1,961,899 -$0	$3,447,745
4	$5,680,224	-$2,062,013 -$0	$3,618,211
5	$5,964,170	-$2,167,073 -$0	$3,797,097
6	$6,262,460	-$2,277,441 -$0	$3,985,019
7	$6,575,420	-$2,393,236 -$0	$4,182,184
8	$6,904,354	-$2,514,941 -$0	$4,389,413
9	$7,249,588	-$2,642,678 -$0	$4,606,910
10	$7,612,100	-$2,776,807 -$0	$4,835,293
11	$7,992,542	-$2,917,571 -$0	$5,074,971
12	$8,392,218	-$3,065,451 -$0	$5,326,767
13	$8,811,780	-$3,220,689 -$0	$5,591,091
14	$9,252,532	-$3,383,767 -$0	$5,868,765
15	$9,715,126	-$3,554,927 -$0	$6,160,199
16	$10,200,866	-$3,734,651 -$0	$6,466,215
17	$10,710,730	-$3,923,300 -$0	$6,787,430
18	$11,246,348	-$4,121,479 -$0	$7,124,869
19	$11,808,698	-$4,329,549 -$0	$7,479,149
20	$12,399,084	-$4,547,991 -$0	$7,851,093
21	$13,019,136	-$4,777,411 -$0	$8,241,725
22	$13,670,158	-$5,018,289 -$0	$8,651,869
23	$14,353,454	-$5,271,108 -$0	$9,082,346
24	$15,071,306	-$5,536,714 -$0	$9,534,592
25	$15,824,692	-$5,815,466 -$0	$10,009,226
26	$16,616,220	-$6,108,332 -$0	$10,507,888
27	$17,446,868	-$6,415,672 -$0	$11,031,196
28	$18,319,244	-$6,738,451 -$0	$11,580,793
29	$19,235,304	-$7,077,393 -$0	$12,157,911
30	$20,197,004	-$7,433,222 -$0	$12,763,782