Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 3, 2025 is estimated to be $520 Million, with a cash option of 240.1 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 3, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 3, 2025	$520,000,000	$240,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$240,100,000
Federal Tax(24%)	$57,624,000
Additional Federal Tax	$31,173,330
State Tax(0%)	$0
Net Lumpsum Payment	$151,302,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,826,520	-$2,856,143 -$0	$4,970,377
2	$8,218,080	-$3,001,020 -$0	$5,217,060
3	$8,628,880	-$3,153,016 -$0	$5,475,864
4	$9,060,480	-$3,312,708 -$0	$5,747,772
5	$9,513,400	-$3,480,288 -$0	$6,033,112
6	$9,989,200	-$3,656,334 -$0	$6,332,866
7	$10,488,400	-$3,841,038 -$0	$6,647,362
8	$11,013,080	-$4,035,170 -$0	$6,977,910
9	$11,563,760	-$4,238,922 -$0	$7,324,838
10	$12,142,000	-$4,452,870 -$0	$7,689,130
11	$12,748,840	-$4,677,401 -$0	$8,071,439
12	$13,386,360	-$4,913,284 -$0	$8,473,076
13	$14,055,600	-$5,160,902 -$0	$8,894,698
14	$14,758,640	-$5,421,027 -$0	$9,337,613
15	$15,496,520	-$5,694,043 -$0	$9,802,477
16	$16,271,320	-$5,980,719 -$0	$10,290,601
17	$17,084,600	-$6,281,632 -$0	$10,802,968
18	$17,938,960	-$6,597,746 -$0	$11,341,214
19	$18,835,960	-$6,929,636 -$0	$11,906,324
20	$19,777,680	-$7,278,072 -$0	$12,499,608
21	$20,766,720	-$7,644,017 -$0	$13,122,703
22	$21,805,160	-$8,028,240 -$0	$13,776,920
23	$22,895,080	-$8,431,510 -$0	$14,463,570
24	$24,040,120	-$8,855,175 -$0	$15,184,945
25	$25,241,840	-$9,299,811 -$0	$15,942,029
26	$26,504,400	-$9,766,958 -$0	$16,737,442
27	$27,829,360	-$10,257,194 -$0	$17,572,166
28	$29,220,880	-$10,772,056 -$0	$18,448,824
29	$30,682,080	-$11,312,700 -$0	$19,369,380
30	$32,216,080	-$11,880,280 -$0	$20,335,800