Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 26, 2025 is estimated to be $350 Million, with a cash option of 156.5 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 Sat Jul 26, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 26, 2025	$350,000,000	$156,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,500,000
Federal Tax(24%)	$37,560,000
Additional Federal Tax	$20,305,330
State Tax(0%)	$0
Net Lumpsum Payment	$98,634,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,267,850	-$1,909,435 -$0	$3,358,415
2	$5,531,400	-$2,006,948 -$0	$3,524,452
3	$5,807,900	-$2,109,253 -$0	$3,698,647
4	$6,098,400	-$2,216,738 -$0	$3,881,662
5	$6,403,250	-$2,329,533 -$0	$4,073,717
6	$6,723,500	-$2,448,025 -$0	$4,275,475
7	$7,059,500	-$2,572,345 -$0	$4,487,155
8	$7,412,650	-$2,703,011 -$0	$4,709,639
9	$7,783,300	-$2,840,151 -$0	$4,943,149
10	$8,172,500	-$2,984,155 -$0	$5,188,345
11	$8,580,950	-$3,135,282 -$0	$5,445,668
12	$9,010,050	-$3,294,049 -$0	$5,716,001
13	$9,460,500	-$3,460,715 -$0	$5,999,785
14	$9,933,700	-$3,635,799 -$0	$6,297,901
15	$10,430,350	-$3,819,560 -$0	$6,610,790
16	$10,951,850	-$4,012,515 -$0	$6,939,335
17	$11,499,250	-$4,215,053 -$0	$7,284,197
18	$12,074,300	-$4,427,821 -$0	$7,646,479
19	$12,678,050	-$4,651,209 -$0	$8,026,841
20	$13,311,900	-$4,885,733 -$0	$8,426,167
21	$13,977,600	-$5,132,042 -$0	$8,845,558
22	$14,676,550	-$5,390,654 -$0	$9,285,896
23	$15,410,150	-$5,662,086 -$0	$9,748,064
24	$16,180,850	-$5,947,245 -$0	$10,233,605
25	$16,989,700	-$6,246,519 -$0	$10,743,181
26	$17,839,500	-$6,560,945 -$0	$11,278,555
27	$18,731,300	-$6,890,911 -$0	$11,840,389
28	$19,667,900	-$7,237,453 -$0	$12,430,447
29	$20,651,400	-$7,601,348 -$0	$13,050,052
30	$21,683,900	-$7,983,373 -$0	$13,700,527