Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(0%)	$0
Net Lumpsum Payment	$42,816,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$0	$1,461,989
2	$2,370,600	-$837,452 -$0	$1,533,148
3	$2,489,100	-$881,297 -$0	$1,607,803
4	$2,613,600	-$927,362 -$0	$1,686,238
5	$2,744,250	-$975,703 -$0	$1,768,547
6	$2,881,500	-$1,026,485 -$0	$1,855,015
7	$3,025,500	-$1,079,765 -$0	$1,945,735
8	$3,176,850	-$1,135,765 -$0	$2,041,085
9	$3,335,700	-$1,194,539 -$0	$2,141,161
10	$3,502,500	-$1,256,255 -$0	$2,246,245
11	$3,677,550	-$1,321,024 -$0	$2,356,526
12	$3,861,450	-$1,389,067 -$0	$2,472,383
13	$4,054,500	-$1,460,495 -$0	$2,594,005
14	$4,257,300	-$1,535,531 -$0	$2,721,769
15	$4,470,150	-$1,614,286 -$0	$2,855,864
16	$4,693,650	-$1,696,981 -$0	$2,996,669
17	$4,928,250	-$1,783,783 -$0	$3,144,467
18	$5,174,700	-$1,874,969 -$0	$3,299,731
19	$5,433,450	-$1,970,707 -$0	$3,462,743
20	$5,705,100	-$2,071,217 -$0	$3,633,883
21	$5,990,400	-$2,176,778 -$0	$3,813,622
22	$6,289,950	-$2,287,612 -$0	$4,002,338
23	$6,604,350	-$2,403,940 -$0	$4,200,410
24	$6,934,650	-$2,526,151 -$0	$4,408,499
25	$7,281,300	-$2,654,411 -$0	$4,626,889
26	$7,645,500	-$2,789,165 -$0	$4,856,335
27	$8,027,700	-$2,930,579 -$0	$5,097,121
28	$8,429,100	-$3,079,097 -$0	$5,350,003
29	$8,850,600	-$3,235,052 -$0	$5,615,548
30	$9,293,100	-$3,398,777 -$0	$5,894,323