Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 17, 2025 is estimated to be $625 Million, with a cash option of 288.8 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Fri Oct 17, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 17, 2025	$625,000,000	$288,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$288,800,000
Federal Tax(24%)	$69,312,000
Additional Federal Tax	$37,504,330
State Tax(0%)	$0
Net Lumpsum Payment	$181,983,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,406,875	-$3,440,874 -$0	$5,966,001
2	$9,877,500	-$3,615,005 -$0	$6,262,495
3	$10,371,250	-$3,797,693 -$0	$6,573,557
4	$10,890,000	-$3,989,630 -$0	$6,900,370
5	$11,434,375	-$4,191,049 -$0	$7,243,326
6	$12,006,250	-$4,402,643 -$0	$7,603,607
7	$12,606,250	-$4,624,643 -$0	$7,981,607
8	$13,236,875	-$4,857,974 -$0	$8,378,901
9	$13,898,750	-$5,102,868 -$0	$8,795,882
10	$14,593,750	-$5,360,018 -$0	$9,233,732
11	$15,323,125	-$5,629,887 -$0	$9,693,238
12	$16,089,375	-$5,913,399 -$0	$10,175,976
13	$16,893,750	-$6,211,018 -$0	$10,682,732
14	$17,738,750	-$6,523,668 -$0	$11,215,082
15	$18,625,625	-$6,851,812 -$0	$11,773,813
16	$19,556,875	-$7,196,374 -$0	$12,360,501
17	$20,534,375	-$7,558,049 -$0	$12,976,326
18	$21,561,250	-$7,937,993 -$0	$13,623,257
19	$22,639,375	-$8,336,899 -$0	$14,302,476
20	$23,771,250	-$8,755,693 -$0	$15,015,557
21	$24,960,000	-$9,195,530 -$0	$15,764,470
22	$26,208,125	-$9,657,337 -$0	$16,550,788
23	$27,518,125	-$10,142,037 -$0	$17,376,088
24	$28,894,375	-$10,651,249 -$0	$18,243,126
25	$30,338,750	-$11,185,668 -$0	$19,153,082
26	$31,856,250	-$11,747,143 -$0	$20,109,107
27	$33,448,750	-$12,336,368 -$0	$21,112,382
28	$35,121,250	-$12,955,193 -$0	$22,166,057
29	$36,877,500	-$13,605,005 -$0	$23,272,495
30	$38,721,250	-$14,287,193 -$0	$24,434,057