Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 8, 2026 is estimated to be $856 Million, with a cash option of 372 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 8, 2026

Draw Date	Jackpot	Cash Option
Sat Aug 8, 2026	$856,000,000	$372,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$372,000,000
Federal Tax(24%)	$89,280,000
Additional Federal Tax	$48,320,330
State Tax(0%)	$0
Net Lumpsum Payment	$234,399,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,883,656	-$4,727,283 -$0	$8,156,373
2	$13,528,224	-$4,965,773 -$0	$8,562,451
3	$14,204,464	-$5,215,982 -$0	$8,988,482
4	$14,914,944	-$5,478,860 -$0	$9,436,084
5	$15,660,520	-$5,754,723 -$0	$9,905,797
6	$16,443,760	-$6,044,522 -$0	$10,399,238
7	$17,265,520	-$6,348,573 -$0	$10,916,947
8	$18,129,224	-$6,668,143 -$0	$11,461,081
9	$19,035,728	-$7,003,550 -$0	$12,032,178
10	$19,987,600	-$7,355,742 -$0	$12,631,858
11	$20,986,552	-$7,725,355 -$0	$13,261,197
12	$22,036,008	-$8,113,653 -$0	$13,922,355
13	$23,137,680	-$8,521,272 -$0	$14,616,408
14	$24,294,992	-$8,949,477 -$0	$15,345,515
15	$25,509,656	-$9,398,903 -$0	$16,110,753
16	$26,785,096	-$9,870,816 -$0	$16,914,280
17	$28,123,880	-$10,366,166 -$0	$17,757,714
18	$29,530,288	-$10,886,537 -$0	$18,643,751
19	$31,006,888	-$11,432,879 -$0	$19,574,009
20	$32,557,104	-$12,006,459 -$0	$20,550,645
21	$34,185,216	-$12,608,860 -$0	$21,576,356
22	$35,894,648	-$13,241,350 -$0	$22,653,298
23	$37,688,824	-$13,905,195 -$0	$23,783,629
24	$39,573,736	-$14,602,613 -$0	$24,971,123
25	$41,551,952	-$15,334,553 -$0	$26,217,399
26	$43,630,320	-$16,103,549 -$0	$27,526,771
27	$45,811,408	-$16,910,551 -$0	$28,900,857
28	$48,102,064	-$17,758,094 -$0	$30,343,970
29	$50,507,424	-$18,648,077 -$0	$31,859,347
30	$53,032,624	-$19,582,401 -$0	$33,450,223