Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 Aug 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(0%)	$0
Net Lumpsum Payment	$71,733,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$0	$2,438,649
2	$3,998,412	-$1,439,743 -$0	$2,558,669
3	$4,198,282	-$1,513,695 -$0	$2,684,587
4	$4,408,272	-$1,591,391 -$0	$2,816,881
5	$4,628,635	-$1,672,925 -$0	$2,955,710
6	$4,860,130	-$1,758,578 -$0	$3,101,552
7	$5,103,010	-$1,848,444 -$0	$3,254,566
8	$5,358,287	-$1,942,897 -$0	$3,415,390
9	$5,626,214	-$2,042,030 -$0	$3,584,184
10	$5,907,550	-$2,146,124 -$0	$3,761,426
11	$6,202,801	-$2,255,367 -$0	$3,947,434
12	$6,512,979	-$2,370,133 -$0	$4,142,846
13	$6,838,590	-$2,490,609 -$0	$4,347,981
14	$7,180,646	-$2,617,169 -$0	$4,563,477
15	$7,539,653	-$2,750,002 -$0	$4,789,651
16	$7,916,623	-$2,889,481 -$0	$5,027,142
17	$8,312,315	-$3,035,887 -$0	$5,276,428
18	$8,727,994	-$3,189,688 -$0	$5,538,306
19	$9,164,419	-$3,351,165 -$0	$5,813,254
20	$9,622,602	-$3,520,693 -$0	$6,101,909
21	$10,103,808	-$3,698,739 -$0	$6,405,069
22	$10,609,049	-$3,885,679 -$0	$6,723,370
23	$11,139,337	-$4,081,885 -$0	$7,057,452
24	$11,696,443	-$4,288,014 -$0	$7,408,429
25	$12,281,126	-$4,504,347 -$0	$7,776,779
26	$12,895,410	-$4,731,632 -$0	$8,163,778
27	$13,540,054	-$4,970,150 -$0	$8,569,904
28	$14,217,082	-$5,220,651 -$0	$8,996,431
29	$14,928,012	-$5,483,695 -$0	$9,444,317
30	$15,674,362	-$5,759,844 -$0	$9,914,518