Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Mar 1, 2024 is estimated to be $607 Million, with a cash option of 286.9 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Fri Mar 1, 2024

Draw Date Jackpot Cash Option
Fri Mar 1, 2024$607,000,000$286,900,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$286,900,000
Federal Tax(24%)$68,856,000
Additional Federal Tax$37,257,330
State Tax(0%)$0
Net Lumpsum Payment$180,786,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $9,135,957 -$3,340,634
-$0
$5,795,323
2 $9,593,028 -$3,509,751
-$0
$6,083,277
3 $10,072,558 -$3,687,177
-$0
$6,385,381
4 $10,576,368 -$3,873,587
-$0
$6,702,781
5 $11,105,065 -$4,069,204
-$0
$7,035,861
6 $11,660,470 -$4,274,704
-$0
$7,385,766
7 $12,243,190 -$4,490,311
-$0
$7,752,879
8 $12,855,653 -$4,716,922
-$0
$8,138,731
9 $13,498,466 -$4,954,763
-$0
$8,543,703
10 $14,173,450 -$5,204,507
-$0
$8,968,943
11 $14,881,819 -$5,466,603
-$0
$9,415,216
12 $15,626,001 -$5,741,951
-$0
$9,884,050
13 $16,407,210 -$6,030,998
-$0
$10,376,212
14 $17,227,874 -$6,334,644
-$0
$10,893,230
15 $18,089,207 -$6,653,337
-$0
$11,435,870
16 $18,993,637 -$6,987,976
-$0
$12,005,661
17 $19,942,985 -$7,339,235
-$0
$12,603,750
18 $20,940,286 -$7,708,236
-$0
$13,232,050
19 $21,987,361 -$8,095,654
-$0
$13,891,707
20 $23,086,638 -$8,502,386
-$0
$14,584,252
21 $24,241,152 -$8,929,557
-$0
$15,311,595
22 $25,453,331 -$9,378,063
-$0
$16,075,268
23 $26,725,603 -$9,848,803
-$0
$16,876,800
24 $28,062,217 -$10,343,351
-$0
$17,718,866
25 $29,464,994 -$10,862,378
-$0
$18,602,616
26 $30,938,790 -$11,407,683
-$0
$19,531,107
27 $32,485,426 -$11,979,938
-$0
$20,505,488
28 $34,109,758 -$12,580,941
-$0
$21,528,817
29 $35,815,428 -$13,212,039
-$0
$22,603,389
30 $37,606,078 -$13,874,579
-$0
$23,731,499
Cash Option: $286.9 Million
Next Draw: Fri Mar 1
Mega Millions
Tue Feb 27, 2024
061826274904

Wyoming Lottery | Select a State Lottery