Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 30, 2025 is estimated to be $497 Million, with a cash option of 229.5 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 Tue Sep 30, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 30, 2025	$497,000,000	$229,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$229,500,000
Federal Tax(24%)	$55,080,000
Additional Federal Tax	$29,795,330
State Tax(0%)	$0
Net Lumpsum Payment	$144,624,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,480,347	-$2,728,059 -$0	$4,752,288
2	$7,854,588	-$2,866,528 -$0	$4,988,060
3	$8,247,218	-$3,011,801 -$0	$5,235,417
4	$8,659,728	-$3,164,430 -$0	$5,495,298
5	$9,092,615	-$3,324,598 -$0	$5,768,017
6	$9,547,370	-$3,492,857 -$0	$6,054,513
7	$10,024,490	-$3,669,392 -$0	$6,355,098
8	$10,525,963	-$3,854,937 -$0	$6,671,026
9	$11,052,286	-$4,049,676 -$0	$7,002,610
10	$11,604,950	-$4,254,162 -$0	$7,350,788
11	$12,184,949	-$4,468,762 -$0	$7,716,187
12	$12,794,271	-$4,694,211 -$0	$8,100,060
13	$13,433,910	-$4,930,877 -$0	$8,503,033
14	$14,105,854	-$5,179,496 -$0	$8,926,358
15	$14,811,097	-$5,440,436 -$0	$9,370,661
16	$15,551,627	-$5,714,432 -$0	$9,837,195
17	$16,328,935	-$6,002,036 -$0	$10,326,899
18	$17,145,506	-$6,304,168 -$0	$10,841,338
19	$18,002,831	-$6,621,378 -$0	$11,381,453
20	$18,902,898	-$6,954,403 -$0	$11,948,495
21	$19,848,192	-$7,304,161 -$0	$12,544,031
22	$20,840,701	-$7,671,390 -$0	$13,169,311
23	$21,882,413	-$8,056,823 -$0	$13,825,590
24	$22,976,807	-$8,461,749 -$0	$14,515,058
25	$24,125,374	-$8,886,719 -$0	$15,238,655
26	$25,332,090	-$9,333,204 -$0	$15,998,886
27	$26,598,446	-$9,801,755 -$0	$16,796,691
28	$27,928,418	-$10,293,845 -$0	$17,634,573
29	$29,324,988	-$10,810,576 -$0	$18,514,412
30	$30,791,138	-$11,353,051 -$0	$19,438,087