Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 24, 2025 is estimated to be $127 Million, with a cash option of 59 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 Sep 24, 2025

Draw Date	Jackpot	Cash Option
Wed Sep 24, 2025	$127,000,000	$59,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$59,000,000
Federal Tax(24%)	$14,160,000
Additional Federal Tax	$7,630,330
State Tax(0%)	$0
Net Lumpsum Payment	$37,209,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,911,477	-$667,577 -$0	$1,243,900
2	$2,007,108	-$702,960 -$0	$1,304,148
3	$2,107,438	-$740,082 -$0	$1,367,356
4	$2,212,848	-$779,084 -$0	$1,433,764
5	$2,323,465	-$820,012 -$0	$1,503,453
6	$2,439,670	-$863,008 -$0	$1,576,662
7	$2,561,590	-$908,119 -$0	$1,653,471
8	$2,689,733	-$955,532 -$0	$1,734,201
9	$2,824,226	-$1,005,294 -$0	$1,818,932
10	$2,965,450	-$1,057,547 -$0	$1,907,903
11	$3,113,659	-$1,112,384 -$0	$2,001,275
12	$3,269,361	-$1,169,994 -$0	$2,099,367
13	$3,432,810	-$1,230,470 -$0	$2,202,340
14	$3,604,514	-$1,294,001 -$0	$2,310,513
15	$3,784,727	-$1,360,679 -$0	$2,424,048
16	$3,973,957	-$1,430,694 -$0	$2,543,263
17	$4,172,585	-$1,504,187 -$0	$2,668,398
18	$4,381,246	-$1,581,391 -$0	$2,799,855
19	$4,600,321	-$1,662,449 -$0	$2,937,872
20	$4,830,318	-$1,747,548 -$0	$3,082,770
21	$5,071,872	-$1,836,923 -$0	$3,234,949
22	$5,325,491	-$1,930,762 -$0	$3,394,729
23	$5,591,683	-$2,029,253 -$0	$3,562,430
24	$5,871,337	-$2,132,725 -$0	$3,738,612
25	$6,164,834	-$2,241,319 -$0	$3,923,515
26	$6,473,190	-$2,355,411 -$0	$4,117,779
27	$6,796,786	-$2,475,141 -$0	$4,321,645
28	$7,136,638	-$2,600,886 -$0	$4,535,752
29	$7,493,508	-$2,732,928 -$0	$4,760,580
30	$7,868,158	-$2,871,549 -$0	$4,996,609