Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 22, 2026 is estimated to be $567 Million, with a cash option of 251.8 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 Wed Jul 22, 2026

Draw Date	Jackpot	Cash Option
Wed Jul 22, 2026	$567,000,000	$251,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$251,800,000
Federal Tax(24%)	$60,432,000
Additional Federal Tax	$32,694,330
State Tax(0%)	$0
Net Lumpsum Payment	$158,673,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,533,917	-$3,117,880 -$0	$5,416,037
2	$8,960,868	-$3,275,852 -$0	$5,685,016
3	$9,408,798	-$3,441,586 -$0	$5,967,212
4	$9,879,408	-$3,615,711 -$0	$6,263,697
5	$10,373,265	-$3,798,438 -$0	$6,574,827
6	$10,892,070	-$3,990,396 -$0	$6,901,674
7	$11,436,390	-$4,191,795 -$0	$7,244,595
8	$12,008,493	-$4,403,473 -$0	$7,605,020
9	$12,608,946	-$4,625,640 -$0	$7,983,306
10	$13,239,450	-$4,858,927 -$0	$8,380,523
11	$13,901,139	-$5,103,752 -$0	$8,797,387
12	$14,596,281	-$5,360,954 -$0	$9,235,327
13	$15,326,010	-$5,630,954 -$0	$9,695,056
14	$16,092,594	-$5,914,590 -$0	$10,178,004
15	$16,897,167	-$6,212,282 -$0	$10,684,885
16	$17,741,997	-$6,524,869 -$0	$11,217,128
17	$18,628,785	-$6,852,981 -$0	$11,775,804
18	$19,560,366	-$7,197,666 -$0	$12,362,700
19	$20,538,441	-$7,559,554 -$0	$12,978,887
20	$21,565,278	-$7,939,483 -$0	$13,625,795
21	$22,643,712	-$8,338,504 -$0	$14,305,208
22	$23,776,011	-$8,757,454 -$0	$15,018,557
23	$24,964,443	-$9,197,174 -$0	$15,767,269
24	$26,212,977	-$9,659,132 -$0	$16,553,845
25	$27,523,314	-$10,143,957 -$0	$17,379,357
26	$28,899,990	-$10,653,327 -$0	$18,246,663
27	$30,344,706	-$11,187,872 -$0	$19,156,834
28	$31,861,998	-$11,749,270 -$0	$20,112,728
29	$33,455,268	-$12,338,780 -$0	$21,116,488
30	$35,127,918	-$12,957,660 -$0	$22,170,258