Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 20, 2026 is estimated to be $544 Million, with a cash option of 241.6 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 Mon Jul 20, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 20, 2026	$544,000,000	$241,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$241,600,000
Federal Tax(24%)	$57,984,000
Additional Federal Tax	$31,368,330
State Tax(0%)	$0
Net Lumpsum Payment	$152,247,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,187,744	-$2,989,796 -$0	$5,197,948
2	$8,597,376	-$3,141,360 -$0	$5,456,016
3	$9,027,136	-$3,300,371 -$0	$5,726,765
4	$9,478,656	-$3,467,433 -$0	$6,011,223
5	$9,952,480	-$3,642,748 -$0	$6,309,732
6	$10,450,240	-$3,826,919 -$0	$6,623,321
7	$10,972,480	-$4,020,148 -$0	$6,952,332
8	$11,521,376	-$4,223,240 -$0	$7,298,136
9	$12,097,472	-$4,436,395 -$0	$7,661,077
10	$12,702,400	-$4,660,218 -$0	$8,042,182
11	$13,337,248	-$4,895,112 -$0	$8,442,136
12	$14,004,192	-$5,141,881 -$0	$8,862,311
13	$14,704,320	-$5,400,929 -$0	$9,303,391
14	$15,439,808	-$5,673,059 -$0	$9,766,749
15	$16,211,744	-$5,958,676 -$0	$10,253,068
16	$17,022,304	-$6,258,583 -$0	$10,763,721
17	$17,873,120	-$6,573,385 -$0	$11,299,735
18	$18,766,912	-$6,904,088 -$0	$11,862,824
19	$19,705,312	-$7,251,296 -$0	$12,454,016
20	$20,690,496	-$7,615,814 -$0	$13,074,682
21	$21,725,184	-$7,998,648 -$0	$13,726,536
22	$22,811,552	-$8,400,605 -$0	$14,410,947
23	$23,951,776	-$8,822,488 -$0	$15,129,288
24	$25,149,664	-$9,265,706 -$0	$15,883,958
25	$26,406,848	-$9,730,864 -$0	$16,675,984
26	$27,727,680	-$10,219,572 -$0	$17,508,108
27	$29,113,792	-$10,732,433 -$0	$18,381,359
28	$30,569,536	-$11,271,059 -$0	$19,298,477
29	$32,098,176	-$11,836,656 -$0	$20,261,520
30	$33,702,976	-$12,430,432 -$0	$21,272,544