Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 24, 2025 is estimated to be $461 Million, with a cash option of 217.2 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 Mon Mar 24, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 24, 2025	$461,000,000	$217,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$217,200,000
Federal Tax(24%)	$52,128,000
Additional Federal Tax	$28,196,330
State Tax(0%)	$0
Net Lumpsum Payment	$136,875,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,938,511	-$2,527,579 -$0	$4,410,932
2	$7,285,644	-$2,656,019 -$0	$4,629,625
3	$7,649,834	-$2,790,769 -$0	$4,859,065
4	$8,032,464	-$2,932,342 -$0	$5,100,122
5	$8,433,995	-$3,080,909 -$0	$5,353,086
6	$8,855,810	-$3,236,980 -$0	$5,618,830
7	$9,298,370	-$3,400,727 -$0	$5,897,643
8	$9,763,519	-$3,572,832 -$0	$6,190,687
9	$10,251,718	-$3,753,466 -$0	$6,498,252
10	$10,764,350	-$3,943,140 -$0	$6,821,210
11	$11,302,337	-$4,142,195 -$0	$7,160,142
12	$11,867,523	-$4,351,314 -$0	$7,516,209
13	$12,460,830	-$4,570,837 -$0	$7,889,993
14	$13,084,102	-$4,801,448 -$0	$8,282,654
15	$13,738,261	-$5,043,487 -$0	$8,694,774
16	$14,425,151	-$5,297,636 -$0	$9,127,515
17	$15,146,155	-$5,564,408 -$0	$9,581,747
18	$15,903,578	-$5,844,654 -$0	$10,058,924
19	$16,698,803	-$6,138,887 -$0	$10,559,916
20	$17,533,674	-$6,447,790 -$0	$11,085,884
21	$18,410,496	-$6,772,214 -$0	$11,638,282
22	$19,331,113	-$7,112,842 -$0	$12,218,271
23	$20,297,369	-$7,470,357 -$0	$12,827,012
24	$21,312,491	-$7,845,952 -$0	$13,466,539
25	$22,377,862	-$8,240,139 -$0	$14,137,723
26	$23,497,170	-$8,654,283 -$0	$14,842,887
27	$24,671,798	-$9,088,896 -$0	$15,582,902
28	$25,905,434	-$9,545,341 -$0	$16,360,093
29	$27,200,844	-$10,024,643 -$0	$17,176,201
30	$28,560,794	-$10,527,824 -$0	$18,032,970