Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 21, 2025 is estimated to be $308 Million, with a cash option of 137.7 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 Jul 21, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 21, 2025	$308,000,000	$137,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$137,700,000
Federal Tax(24%)	$33,048,000
Additional Federal Tax	$17,861,330
State Tax(0%)	$0
Net Lumpsum Payment	$86,790,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,635,708	-$1,675,542 -$0	$2,960,166
2	$4,867,632	-$1,761,354 -$0	$3,106,278
3	$5,110,952	-$1,851,383 -$0	$3,259,569
4	$5,366,592	-$1,945,969 -$0	$3,420,623
5	$5,634,860	-$2,045,229 -$0	$3,589,631
6	$5,916,680	-$2,149,502 -$0	$3,767,178
7	$6,212,360	-$2,258,904 -$0	$3,953,456
8	$6,523,132	-$2,373,889 -$0	$4,149,243
9	$6,849,304	-$2,494,573 -$0	$4,354,731
10	$7,191,800	-$2,621,296 -$0	$4,570,504
11	$7,551,236	-$2,754,288 -$0	$4,796,948
12	$7,928,844	-$2,894,003 -$0	$5,034,841
13	$8,325,240	-$3,040,669 -$0	$5,284,571
14	$8,741,656	-$3,194,743 -$0	$5,546,913
15	$9,178,708	-$3,356,452 -$0	$5,822,256
16	$9,637,628	-$3,526,253 -$0	$6,111,375
17	$10,119,340	-$3,704,486 -$0	$6,414,854
18	$10,625,384	-$3,891,722 -$0	$6,733,662
19	$11,156,684	-$4,088,303 -$0	$7,068,381
20	$11,714,472	-$4,294,685 -$0	$7,419,787
21	$12,300,288	-$4,511,437 -$0	$7,788,851
22	$12,915,364	-$4,739,015 -$0	$8,176,349
23	$13,560,932	-$4,977,875 -$0	$8,583,057
24	$14,239,148	-$5,228,815 -$0	$9,010,333
25	$14,950,936	-$5,492,177 -$0	$9,458,759
26	$15,698,760	-$5,768,872 -$0	$9,929,888
27	$16,483,544	-$6,059,242 -$0	$10,424,302
28	$17,307,752	-$6,364,199 -$0	$10,943,553
29	$18,173,232	-$6,684,426 -$0	$11,488,806
30	$19,081,832	-$7,020,608 -$0	$12,061,224