Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Dec 31, 2025 is estimated to be $45 Million, with a cash option of 20.7 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 Wed Dec 31, 2025

Draw Date	Jackpot	Cash Option
Wed Dec 31, 2025	$45,000,000	$20,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$20,700,000
Federal Tax(24%)	$4,968,000
Additional Federal Tax	$2,651,330
State Tax(0%)	$0
Net Lumpsum Payment	$13,080,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$677,295	-$210,930 -$0	$466,365
2	$711,180	-$223,467 -$0	$487,713
3	$746,730	-$236,620 -$0	$510,110
4	$784,080	-$250,440 -$0	$533,640
5	$823,275	-$264,942 -$0	$558,333
6	$864,450	-$280,177 -$0	$584,273
7	$907,650	-$296,161 -$0	$611,489
8	$953,055	-$312,961 -$0	$640,094
9	$1,000,710	-$330,593 -$0	$670,117
10	$1,050,750	-$349,108 -$0	$701,642
11	$1,103,265	-$368,538 -$0	$734,727
12	$1,158,435	-$388,951 -$0	$769,484
13	$1,216,350	-$410,380 -$0	$805,970
14	$1,277,190	-$432,891 -$0	$844,299
15	$1,341,045	-$456,517 -$0	$884,528
16	$1,408,095	-$481,326 -$0	$926,769
17	$1,478,475	-$507,366 -$0	$971,109
18	$1,552,410	-$534,722 -$0	$1,017,688
19	$1,630,035	-$563,443 -$0	$1,066,592
20	$1,711,530	-$593,596 -$0	$1,117,934
21	$1,797,120	-$625,265 -$0	$1,171,855
22	$1,886,985	-$658,515 -$0	$1,228,470
23	$1,981,305	-$693,413 -$0	$1,287,892
24	$2,080,395	-$730,077 -$0	$1,350,318
25	$2,184,390	-$768,555 -$0	$1,415,835
26	$2,293,650	-$808,981 -$0	$1,484,669
27	$2,408,310	-$851,405 -$0	$1,556,905
28	$2,528,730	-$895,960 -$0	$1,632,770
29	$2,655,180	-$942,747 -$0	$1,712,433
30	$2,787,930	-$991,864 -$0	$1,796,066