Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 5, 2025 is estimated to be $190 Million, with a cash option of 87 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 5, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 5, 2025	$190,000,000	$87,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$87,000,000
Federal Tax(24%)	$20,880,000
Additional Federal Tax	$11,270,330
State Tax(0%)	$0
Net Lumpsum Payment	$54,849,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$0	$1,841,274
2	$3,002,760	-$1,071,352 -$0	$1,931,408
3	$3,152,860	-$1,126,889 -$0	$2,025,971
4	$3,310,560	-$1,185,238 -$0	$2,125,322
5	$3,476,050	-$1,246,469 -$0	$2,229,581
6	$3,649,900	-$1,310,793 -$0	$2,339,107
7	$3,832,300	-$1,378,281 -$0	$2,454,019
8	$4,024,010	-$1,449,214 -$0	$2,574,796
9	$4,225,220	-$1,523,662 -$0	$2,701,558
10	$4,436,500	-$1,601,835 -$0	$2,834,665
11	$4,658,230	-$1,683,875 -$0	$2,974,355
12	$4,891,170	-$1,770,063 -$0	$3,121,107
13	$5,135,700	-$1,860,539 -$0	$3,275,161
14	$5,392,580	-$1,955,585 -$0	$3,436,995
15	$5,662,190	-$2,055,341 -$0	$3,606,849
16	$5,945,290	-$2,160,088 -$0	$3,785,202
17	$6,242,450	-$2,270,037 -$0	$3,972,413
18	$6,554,620	-$2,385,540 -$0	$4,169,080
19	$6,882,370	-$2,506,807 -$0	$4,375,563
20	$7,226,460	-$2,634,121 -$0	$4,592,339
21	$7,587,840	-$2,767,831 -$0	$4,820,009
22	$7,967,270	-$2,908,220 -$0	$5,059,050
23	$8,365,510	-$3,055,569 -$0	$5,309,941
24	$8,783,890	-$3,210,370 -$0	$5,573,520
25	$9,222,980	-$3,372,833 -$0	$5,850,147
26	$9,684,300	-$3,543,521 -$0	$6,140,779
27	$10,168,420	-$3,722,646 -$0	$6,445,774
28	$10,676,860	-$3,910,769 -$0	$6,766,091
29	$11,210,760	-$4,108,312 -$0	$7,102,448
30	$11,771,260	-$4,315,697 -$0	$7,455,563