Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 26, 2025 is estimated to be $474 Million, with a cash option of 219.4 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 Sep 26, 2025

Draw Date	Jackpot	Cash Option
Fri Sep 26, 2025	$474,000,000	$219,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$219,400,000
Federal Tax(24%)	$52,656,000
Additional Federal Tax	$28,482,330
State Tax(0%)	$0
Net Lumpsum Payment	$138,261,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,134,174	-$2,599,975 -$0	$4,534,199
2	$7,491,096	-$2,732,036 -$0	$4,759,060
3	$7,865,556	-$2,870,586 -$0	$4,994,970
4	$8,258,976	-$3,016,152 -$0	$5,242,824
5	$8,671,830	-$3,168,907 -$0	$5,502,923
6	$9,105,540	-$3,329,380 -$0	$5,776,160
7	$9,560,580	-$3,497,745 -$0	$6,062,835
8	$10,038,846	-$3,674,703 -$0	$6,364,143
9	$10,540,812	-$3,860,431 -$0	$6,680,381
10	$11,067,900	-$4,055,453 -$0	$7,012,447
11	$11,621,058	-$4,260,122 -$0	$7,360,936
12	$12,202,182	-$4,475,138 -$0	$7,727,044
13	$12,812,220	-$4,700,852 -$0	$8,111,368
14	$13,453,068	-$4,937,966 -$0	$8,515,102
15	$14,125,674	-$5,186,830 -$0	$8,938,844
16	$14,831,934	-$5,448,146 -$0	$9,383,788
17	$15,573,270	-$5,722,440 -$0	$9,850,830
18	$16,352,052	-$6,010,590 -$0	$10,341,462
19	$17,169,702	-$6,313,120 -$0	$10,856,582
20	$18,028,116	-$6,630,733 -$0	$11,397,383
21	$18,929,664	-$6,964,306 -$0	$11,965,358
22	$19,876,242	-$7,314,540 -$0	$12,561,702
23	$20,869,746	-$7,682,136 -$0	$13,187,610
24	$21,913,494	-$8,068,323 -$0	$13,845,171
25	$23,008,908	-$8,473,626 -$0	$14,535,282
26	$24,159,780	-$8,899,449 -$0	$15,260,331
27	$25,367,532	-$9,346,317 -$0	$16,021,215
28	$26,635,956	-$9,815,634 -$0	$16,820,322
29	$27,967,896	-$10,308,452 -$0	$17,659,444
30	$29,366,196	-$10,825,823 -$0	$18,540,373