Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 21, 2025 is estimated to be $118 Million, with a cash option of 53.4 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 Jun 21, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 21, 2025	$118,000,000	$53,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,400,000
Federal Tax(24%)	$12,816,000
Additional Federal Tax	$6,902,330
State Tax(0%)	$0
Net Lumpsum Payment	$33,681,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,776,018	-$617,457 -$0	$1,158,561
2	$1,864,872	-$650,333 -$0	$1,214,539
3	$1,958,092	-$684,824 -$0	$1,273,268
4	$2,056,032	-$721,062 -$0	$1,334,970
5	$2,158,810	-$759,090 -$0	$1,399,720
6	$2,266,780	-$799,039 -$0	$1,467,741
7	$2,380,060	-$840,953 -$0	$1,539,107
8	$2,499,122	-$885,006 -$0	$1,614,116
9	$2,624,084	-$931,241 -$0	$1,692,843
10	$2,755,300	-$979,791 -$0	$1,775,509
11	$2,893,006	-$1,030,743 -$0	$1,862,263
12	$3,037,674	-$1,084,270 -$0	$1,953,404
13	$3,189,540	-$1,140,460 -$0	$2,049,080
14	$3,349,076	-$1,199,489 -$0	$2,149,587
15	$3,516,518	-$1,261,442 -$0	$2,255,076
16	$3,692,338	-$1,326,495 -$0	$2,365,843
17	$3,876,890	-$1,394,780 -$0	$2,482,110
18	$4,070,764	-$1,466,513 -$0	$2,604,251
19	$4,274,314	-$1,541,827 -$0	$2,732,487
20	$4,488,012	-$1,620,895 -$0	$2,867,117
21	$4,712,448	-$1,703,936 -$0	$3,008,512
22	$4,948,094	-$1,791,125 -$0	$3,156,969
23	$5,195,422	-$1,882,637 -$0	$3,312,785
24	$5,455,258	-$1,978,776 -$0	$3,476,482
25	$5,727,956	-$2,079,674 -$0	$3,648,282
26	$6,014,460	-$2,185,681 -$0	$3,828,779
27	$6,315,124	-$2,296,926 -$0	$4,018,198
28	$6,630,892	-$2,413,760 -$0	$4,217,132
29	$6,962,472	-$2,536,445 -$0	$4,426,027
30	$7,310,572	-$2,665,242 -$0	$4,645,330