Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 15, 2025 is estimated to be $273 Million, with a cash option of 127.8 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 Wed Oct 15, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 15, 2025	$273,000,000	$127,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$127,800,000
Federal Tax(24%)	$30,672,000
Additional Federal Tax	$16,574,330
State Tax(0%)	$0
Net Lumpsum Payment	$80,553,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,108,923	-$1,480,632 -$0	$2,628,291
2	$4,314,492	-$1,556,692 -$0	$2,757,800
3	$4,530,162	-$1,636,490 -$0	$2,893,672
4	$4,756,752	-$1,720,329 -$0	$3,036,423
5	$4,994,535	-$1,808,308 -$0	$3,186,227
6	$5,244,330	-$1,900,732 -$0	$3,343,598
7	$5,506,410	-$1,997,702 -$0	$3,508,708
8	$5,781,867	-$2,099,621 -$0	$3,682,246
9	$6,070,974	-$2,206,591 -$0	$3,864,383
10	$6,374,550	-$2,318,914 -$0	$4,055,636
11	$6,693,141	-$2,436,793 -$0	$4,256,348
12	$7,027,839	-$2,560,631 -$0	$4,467,208
13	$7,379,190	-$2,690,631 -$0	$4,688,559
14	$7,748,286	-$2,827,196 -$0	$4,921,090
15	$8,135,673	-$2,970,529 -$0	$5,165,144
16	$8,542,443	-$3,121,034 -$0	$5,421,409
17	$8,969,415	-$3,279,014 -$0	$5,690,401
18	$9,417,954	-$3,444,973 -$0	$5,972,981
19	$9,888,879	-$3,619,216 -$0	$6,269,663
20	$10,383,282	-$3,802,145 -$0	$6,581,137
21	$10,902,528	-$3,994,266 -$0	$6,908,262
22	$11,447,709	-$4,195,983 -$0	$7,251,726
23	$12,019,917	-$4,407,700 -$0	$7,612,217
24	$12,621,063	-$4,630,124 -$0	$7,990,939
25	$13,251,966	-$4,863,558 -$0	$8,388,408
26	$13,914,810	-$5,108,810 -$0	$8,806,000
27	$14,610,414	-$5,366,184 -$0	$9,244,230
28	$15,340,962	-$5,636,486 -$0	$9,704,476
29	$16,108,092	-$5,920,324 -$0	$10,187,768
30	$16,913,442	-$6,218,304 -$0	$10,695,138