Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Mar 21, 2025 is estimated to be $324 Million, with a cash option of 150.6 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 Mar 21, 2025

Draw Date	Jackpot	Cash Option
Fri Mar 21, 2025	$324,000,000	$150,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$150,600,000
Federal Tax(24%)	$36,144,000
Additional Federal Tax	$19,538,330
State Tax(0%)	$0
Net Lumpsum Payment	$94,917,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,876,524	-$1,764,644 -$0	$3,111,880
2	$5,120,496	-$1,854,914 -$0	$3,265,582
3	$5,376,456	-$1,949,619 -$0	$3,426,837
4	$5,645,376	-$2,049,120 -$0	$3,596,256
5	$5,927,580	-$2,153,535 -$0	$3,774,045
6	$6,224,040	-$2,263,225 -$0	$3,960,815
7	$6,535,080	-$2,378,310 -$0	$4,156,770
8	$6,861,996	-$2,499,269 -$0	$4,362,727
9	$7,205,112	-$2,626,222 -$0	$4,578,890
10	$7,565,400	-$2,759,528 -$0	$4,805,872
11	$7,943,508	-$2,899,428 -$0	$5,044,080
12	$8,340,732	-$3,046,401 -$0	$5,294,331
13	$8,757,720	-$3,200,687 -$0	$5,557,033
14	$9,195,768	-$3,362,765 -$0	$5,833,003
15	$9,655,524	-$3,532,874 -$0	$6,122,650
16	$10,138,284	-$3,711,495 -$0	$6,426,789
17	$10,645,020	-$3,898,988 -$0	$6,746,032
18	$11,177,352	-$4,095,951 -$0	$7,081,401
19	$11,736,252	-$4,302,744 -$0	$7,433,508
20	$12,323,016	-$4,519,846 -$0	$7,803,170
21	$12,939,264	-$4,747,858 -$0	$8,191,406
22	$13,586,292	-$4,987,258 -$0	$8,599,034
23	$14,265,396	-$5,238,527 -$0	$9,026,869
24	$14,978,844	-$5,502,503 -$0	$9,476,341
25	$15,727,608	-$5,779,545 -$0	$9,948,063
26	$16,514,280	-$6,070,614 -$0	$10,443,666
27	$17,339,832	-$6,376,068 -$0	$10,963,764
28	$18,206,856	-$6,696,867 -$0	$11,509,989
29	$19,117,296	-$7,033,730 -$0	$12,083,566
30	$20,073,096	-$7,387,376 -$0	$12,685,720