Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 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 Sat Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(0%)	$0
Net Lumpsum Payment	$62,598,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$0	$2,078,328
2	$3,397,860	-$1,217,539 -$0	$2,180,321
3	$3,567,710	-$1,280,383 -$0	$2,287,327
4	$3,746,160	-$1,346,410 -$0	$2,399,750
5	$3,933,425	-$1,415,698 -$0	$2,517,727
6	$4,130,150	-$1,488,486 -$0	$2,641,664
7	$4,336,550	-$1,564,854 -$0	$2,771,696
8	$4,553,485	-$1,645,120 -$0	$2,908,365
9	$4,781,170	-$1,729,363 -$0	$3,051,807
10	$5,020,250	-$1,817,823 -$0	$3,202,427
11	$5,271,155	-$1,910,658 -$0	$3,360,497
12	$5,534,745	-$2,008,186 -$0	$3,526,559
13	$5,811,450	-$2,110,567 -$0	$3,700,883
14	$6,102,130	-$2,218,118 -$0	$3,884,012
15	$6,407,215	-$2,331,000 -$0	$4,076,215
16	$6,727,565	-$2,449,529 -$0	$4,278,036
17	$7,063,825	-$2,573,946 -$0	$4,489,879
18	$7,417,070	-$2,704,646 -$0	$4,712,424
19	$7,787,945	-$2,841,870 -$0	$4,946,075
20	$8,177,310	-$2,985,935 -$0	$5,191,375
21	$8,586,240	-$3,137,239 -$0	$5,449,001
22	$9,015,595	-$3,296,101 -$0	$5,719,494
23	$9,466,235	-$3,462,837 -$0	$6,003,398
24	$9,939,665	-$3,638,006 -$0	$6,301,659
25	$10,436,530	-$3,821,846 -$0	$6,614,684
26	$10,958,550	-$4,014,994 -$0	$6,943,556
27	$11,506,370	-$4,217,687 -$0	$7,288,683
28	$12,081,710	-$4,430,563 -$0	$7,651,147
29	$12,685,860	-$4,654,099 -$0	$8,031,761
30	$13,320,110	-$4,888,771 -$0	$8,431,339