Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 29, 2026 is estimated to be $119 Million, with a cash option of 51.1 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 29, 2026

Draw Date	Jackpot	Cash Option
Sat Aug 29, 2026	$119,000,000	$51,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$51,100,000
Federal Tax(24%)	$12,264,000
Additional Federal Tax	$6,603,330
State Tax(0%)	$0
Net Lumpsum Payment	$32,232,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,791,069	-$623,026 -$0	$1,168,043
2	$1,880,676	-$656,181 -$0	$1,224,495
3	$1,974,686	-$690,964 -$0	$1,283,722
4	$2,073,456	-$727,509 -$0	$1,345,947
5	$2,177,105	-$765,859 -$0	$1,411,246
6	$2,285,990	-$806,147 -$0	$1,479,843
7	$2,400,230	-$848,415 -$0	$1,551,815
8	$2,520,301	-$892,842 -$0	$1,627,459
9	$2,646,322	-$939,470 -$0	$1,706,852
10	$2,778,650	-$988,431 -$0	$1,790,219
11	$2,917,523	-$1,039,814 -$0	$1,877,709
12	$3,063,417	-$1,093,795 -$0	$1,969,622
13	$3,216,570	-$1,150,461 -$0	$2,066,109
14	$3,377,458	-$1,209,990 -$0	$2,167,468
15	$3,546,319	-$1,272,468 -$0	$2,273,851
16	$3,723,629	-$1,338,073 -$0	$2,385,556
17	$3,909,745	-$1,406,936 -$0	$2,502,809
18	$4,105,262	-$1,479,277 -$0	$2,625,985
19	$4,310,537	-$1,555,229 -$0	$2,755,308
20	$4,526,046	-$1,634,967 -$0	$2,891,079
21	$4,752,384	-$1,718,712 -$0	$3,033,672
22	$4,990,027	-$1,806,640 -$0	$3,183,387
23	$5,239,451	-$1,898,927 -$0	$3,340,524
24	$5,501,489	-$1,995,881 -$0	$3,505,608
25	$5,776,498	-$2,097,635 -$0	$3,678,863
26	$6,065,430	-$2,204,539 -$0	$3,860,891
27	$6,368,642	-$2,316,728 -$0	$4,051,914
28	$6,687,086	-$2,434,552 -$0	$4,252,534
29	$7,021,476	-$2,558,277 -$0	$4,463,199
30	$7,372,526	-$2,688,165 -$0	$4,684,361