Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 25, 2025 is estimated to be $120 Million, with a cash option of 52.8 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Fri Jul 25, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 25, 2025	$120,000,000	$52,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$52,800,000
Federal Tax(24%)	$12,672,000
Additional Federal Tax	$6,824,330
State Tax(0%)	$0
Net Lumpsum Payment	$33,303,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,806,120	-$628,595 -$0	$1,177,525
2	$1,896,480	-$662,028 -$0	$1,234,452
3	$1,991,280	-$697,104 -$0	$1,294,176
4	$2,090,880	-$733,956 -$0	$1,356,924
5	$2,195,400	-$772,628 -$0	$1,422,772
6	$2,305,200	-$813,254 -$0	$1,491,946
7	$2,420,400	-$855,878 -$0	$1,564,522
8	$2,541,480	-$900,678 -$0	$1,640,802
9	$2,668,560	-$947,698 -$0	$1,720,862
10	$2,802,000	-$997,070 -$0	$1,804,930
11	$2,942,040	-$1,048,885 -$0	$1,893,155
12	$3,089,160	-$1,103,320 -$0	$1,985,840
13	$3,243,600	-$1,160,462 -$0	$2,083,138
14	$3,405,840	-$1,220,491 -$0	$2,185,349
15	$3,576,120	-$1,283,495 -$0	$2,292,625
16	$3,754,920	-$1,349,651 -$0	$2,405,269
17	$3,942,600	-$1,419,092 -$0	$2,523,508
18	$4,139,760	-$1,492,042 -$0	$2,647,718
19	$4,346,760	-$1,568,632 -$0	$2,778,128
20	$4,564,080	-$1,649,040 -$0	$2,915,040
21	$4,792,320	-$1,733,489 -$0	$3,058,831
22	$5,031,960	-$1,822,156 -$0	$3,209,804
23	$5,283,480	-$1,915,218 -$0	$3,368,262
24	$5,547,720	-$2,012,987 -$0	$3,534,733
25	$5,825,040	-$2,115,595 -$0	$3,709,445
26	$6,116,400	-$2,223,398 -$0	$3,893,002
27	$6,422,160	-$2,336,530 -$0	$4,085,630
28	$6,743,280	-$2,455,344 -$0	$4,287,936
29	$7,080,480	-$2,580,108 -$0	$4,500,372
30	$7,434,480	-$2,711,088 -$0	$4,723,392