Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 23, 2025 is estimated to be $700 Million, with a cash option of 316.3 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 Sat Aug 23, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 23, 2025	$700,000,000	$316,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$316,300,000
Federal Tax(24%)	$75,912,000
Additional Federal Tax	$41,079,330
State Tax(0%)	$0
Net Lumpsum Payment	$199,308,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,535,700	-$3,858,539 -$0	$6,677,161
2	$11,062,800	-$4,053,566 -$0	$7,009,234
3	$11,615,800	-$4,258,176 -$0	$7,357,624
4	$12,196,800	-$4,473,146 -$0	$7,723,654
5	$12,806,500	-$4,698,735 -$0	$8,107,765
6	$13,447,000	-$4,935,720 -$0	$8,511,280
7	$14,119,000	-$5,184,360 -$0	$8,934,640
8	$14,825,300	-$5,445,691 -$0	$9,379,609
9	$15,566,600	-$5,719,972 -$0	$9,846,628
10	$16,345,000	-$6,007,980 -$0	$10,337,020
11	$17,161,900	-$6,310,233 -$0	$10,851,667
12	$18,020,100	-$6,627,767 -$0	$11,392,333
13	$18,921,000	-$6,961,100 -$0	$11,959,900
14	$19,867,400	-$7,311,268 -$0	$12,556,132
15	$20,860,700	-$7,678,789 -$0	$13,181,911
16	$21,903,700	-$8,064,699 -$0	$13,839,001
17	$22,998,500	-$8,469,775 -$0	$14,528,725
18	$24,148,600	-$8,895,312 -$0	$15,253,288
19	$25,356,100	-$9,342,087 -$0	$16,014,013
20	$26,623,800	-$9,811,136 -$0	$16,812,664
21	$27,955,200	-$10,303,754 -$0	$17,651,446
22	$29,353,100	-$10,820,977 -$0	$18,532,123
23	$30,820,300	-$11,363,841 -$0	$19,456,459
24	$32,361,700	-$11,934,159 -$0	$20,427,541
25	$33,979,400	-$12,532,708 -$0	$21,446,692
26	$35,679,000	-$13,161,560 -$0	$22,517,440
27	$37,462,600	-$13,821,492 -$0	$23,641,108
28	$39,335,800	-$14,514,576 -$0	$24,821,224
29	$41,302,800	-$15,242,366 -$0	$26,060,434
30	$43,367,800	-$16,006,416 -$0	$27,361,384