Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(0%)	$0
Net Lumpsum Payment	$28,578,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$0	$987,883
2	$1,580,400	-$545,078 -$0	$1,035,322
3	$1,659,400	-$574,308 -$0	$1,085,092
4	$1,742,400	-$605,018 -$0	$1,137,382
5	$1,829,500	-$637,245 -$0	$1,192,255
6	$1,921,000	-$671,100 -$0	$1,249,900
7	$2,017,000	-$706,620 -$0	$1,310,380
8	$2,117,900	-$743,953 -$0	$1,373,947
9	$2,223,800	-$783,136 -$0	$1,440,664
10	$2,335,000	-$824,280 -$0	$1,510,720
11	$2,451,700	-$867,459 -$0	$1,584,241
12	$2,574,300	-$912,821 -$0	$1,661,479
13	$2,703,000	-$960,440 -$0	$1,742,560
14	$2,838,200	-$1,010,464 -$0	$1,827,736
15	$2,980,100	-$1,062,967 -$0	$1,917,133
16	$3,129,100	-$1,118,097 -$0	$2,011,003
17	$3,285,500	-$1,175,965 -$0	$2,109,535
18	$3,449,800	-$1,236,756 -$0	$2,213,044
19	$3,622,300	-$1,300,581 -$0	$2,321,719
20	$3,803,400	-$1,367,588 -$0	$2,435,812
21	$3,993,600	-$1,437,962 -$0	$2,555,638
22	$4,193,300	-$1,511,851 -$0	$2,681,449
23	$4,402,900	-$1,589,403 -$0	$2,813,497
24	$4,623,100	-$1,670,877 -$0	$2,952,223
25	$4,854,200	-$1,756,384 -$0	$3,097,816
26	$5,097,000	-$1,846,220 -$0	$3,250,780
27	$5,351,800	-$1,940,496 -$0	$3,411,304
28	$5,619,400	-$2,039,508 -$0	$3,579,892
29	$5,900,400	-$2,143,478 -$0	$3,756,922
30	$6,195,400	-$2,252,628 -$0	$3,942,772