Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 16, 2024 is estimated to be $148 Million, with a cash option of 67.8 Million. If you win the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue Apr 16, 2024

Draw Date Jackpot Cash Option
Tue Apr 16, 2024$148,000,000$67,800,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$67,800,000
Federal Tax(24%)$16,272,000
Additional Federal Tax$8,774,330
State Tax(0%)$0
Net Lumpsum Payment$42,753,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $2,227,548 -$784,523
-$0
$1,443,025
2 $2,338,992 -$825,757
-$0
$1,513,235
3 $2,455,912 -$869,018
-$0
$1,586,894
4 $2,578,752 -$914,469
-$0
$1,664,283
5 $2,707,660 -$962,165
-$0
$1,745,495
6 $2,843,080 -$1,012,270
-$0
$1,830,810
7 $2,985,160 -$1,064,840
-$0
$1,920,320
8 $3,134,492 -$1,120,092
-$0
$2,014,400
9 $3,291,224 -$1,178,083
-$0
$2,113,141
10 $3,455,800 -$1,238,976
-$0
$2,216,824
11 $3,628,516 -$1,302,881
-$0
$2,325,635
12 $3,809,964 -$1,370,017
-$0
$2,439,947
13 $4,000,440 -$1,440,493
-$0
$2,559,947
14 $4,200,536 -$1,514,529
-$0
$2,686,007
15 $4,410,548 -$1,592,233
-$0
$2,818,315
16 $4,631,068 -$1,673,826
-$0
$2,957,242
17 $4,862,540 -$1,759,470
-$0
$3,103,070
18 $5,105,704 -$1,849,441
-$0
$3,256,263
19 $5,361,004 -$1,943,902
-$0
$3,417,102
20 $5,629,032 -$2,043,072
-$0
$3,585,960
21 $5,910,528 -$2,147,226
-$0
$3,763,302
22 $6,206,084 -$2,256,581
-$0
$3,949,503
23 $6,516,292 -$2,371,358
-$0
$4,144,934
24 $6,842,188 -$2,491,940
-$0
$4,350,248
25 $7,184,216 -$2,618,490
-$0
$4,565,726
26 $7,543,560 -$2,751,448
-$0
$4,792,112
27 $7,920,664 -$2,890,976
-$0
$5,029,688
28 $8,316,712 -$3,037,514
-$0
$5,279,198
29 $8,732,592 -$3,191,389
-$0
$5,541,203
30 $9,169,192 -$3,352,931
-$0
$5,816,261
Cash Option: $67.8 Million
Next Draw: Tue Apr 16
Mega Millions
Fri Apr 12, 2024
011214186616

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