Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 21, 2026 is estimated to be $209 Million, with a cash option of 95.2 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 Wed Jan 21, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 21, 2026	$209,000,000	$95,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$95,200,000
Federal Tax(24%)	$22,848,000
Additional Federal Tax	$12,336,330
State Tax(0%)	$0
Net Lumpsum Payment	$60,015,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,145,659	-$1,124,224 -$0	$2,021,435
2	$3,303,036	-$1,182,454 -$0	$2,120,582
3	$3,468,146	-$1,243,544 -$0	$2,224,602
4	$3,641,616	-$1,307,728 -$0	$2,333,888
5	$3,823,655	-$1,375,083 -$0	$2,448,572
6	$4,014,890	-$1,445,840 -$0	$2,569,050
7	$4,215,530	-$1,520,076 -$0	$2,695,454
8	$4,426,411	-$1,598,102 -$0	$2,828,309
9	$4,647,742	-$1,679,995 -$0	$2,967,747
10	$4,880,150	-$1,765,986 -$0	$3,114,164
11	$5,124,053	-$1,856,230 -$0	$3,267,823
12	$5,380,287	-$1,951,037 -$0	$3,429,250
13	$5,649,270	-$2,050,560 -$0	$3,598,710
14	$5,931,838	-$2,155,110 -$0	$3,776,728
15	$6,228,409	-$2,264,842 -$0	$3,963,567
16	$6,539,819	-$2,380,063 -$0	$4,159,756
17	$6,866,695	-$2,501,008 -$0	$4,365,687
18	$7,210,082	-$2,628,061 -$0	$4,582,021
19	$7,570,607	-$2,761,455 -$0	$4,809,152
20	$7,949,106	-$2,901,500 -$0	$5,047,606
21	$8,346,624	-$3,048,581 -$0	$5,298,043
22	$8,763,997	-$3,203,009 -$0	$5,560,988
23	$9,202,061	-$3,365,093 -$0	$5,836,968
24	$9,662,279	-$3,535,374 -$0	$6,126,905
25	$10,145,278	-$3,714,083 -$0	$6,431,195
26	$10,652,730	-$3,901,840 -$0	$6,750,890
27	$11,185,262	-$4,098,877 -$0	$7,086,385
28	$11,744,546	-$4,305,812 -$0	$7,438,734
29	$12,331,836	-$4,523,110 -$0	$7,808,726
30	$12,948,386	-$4,751,233 -$0	$8,197,153