Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 31, 2026 is estimated to be $57 Million, with a cash option of 25.8 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 Jan 31, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 31, 2026	$57,000,000	$25,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,800,000
Federal Tax(24%)	$6,192,000
Additional Federal Tax	$3,314,330
State Tax(0%)	$0
Net Lumpsum Payment	$16,293,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$0	$580,151
2	$900,828	-$293,637 -$0	$607,191
3	$945,858	-$310,298 -$0	$635,560
4	$993,168	-$327,803 -$0	$665,365
5	$1,042,815	-$346,172 -$0	$696,643
6	$1,094,970	-$365,469 -$0	$729,501
7	$1,149,690	-$385,716 -$0	$763,974
8	$1,207,203	-$406,995 -$0	$800,208
9	$1,267,566	-$429,330 -$0	$838,236
10	$1,330,950	-$452,782 -$0	$878,168
11	$1,397,469	-$477,394 -$0	$920,075
12	$1,467,351	-$503,250 -$0	$964,101
13	$1,540,710	-$530,393 -$0	$1,010,317
14	$1,617,774	-$558,907 -$0	$1,058,867
15	$1,698,657	-$588,833 -$0	$1,109,824
16	$1,783,587	-$620,258 -$0	$1,163,329
17	$1,872,735	-$653,242 -$0	$1,219,493
18	$1,966,386	-$687,893 -$0	$1,278,493
19	$2,064,711	-$724,273 -$0	$1,340,438
20	$2,167,938	-$762,467 -$0	$1,405,471
21	$2,276,352	-$802,581 -$0	$1,473,771
22	$2,390,181	-$844,697 -$0	$1,545,484
23	$2,509,653	-$888,902 -$0	$1,620,751
24	$2,635,167	-$935,342 -$0	$1,699,825
25	$2,766,894	-$984,081 -$0	$1,782,813
26	$2,905,290	-$1,035,288 -$0	$1,870,002
27	$3,050,526	-$1,089,025 -$0	$1,961,501
28	$3,203,058	-$1,145,462 -$0	$2,057,596
29	$3,363,228	-$1,204,725 -$0	$2,158,503
30	$3,531,378	-$1,266,940 -$0	$2,264,438