Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 12, 2026 is estimated to be $137 Million, with a cash option of 61.9 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 Jan 12, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 12, 2026	$137,000,000	$61,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$61,900,000
Federal Tax(24%)	$14,856,000
Additional Federal Tax	$8,007,330
State Tax(0%)	$0
Net Lumpsum Payment	$39,036,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,061,987	-$723,266 -$0	$1,338,721
2	$2,165,148	-$761,435 -$0	$1,403,713
3	$2,273,378	-$801,480 -$0	$1,471,898
4	$2,387,088	-$843,553 -$0	$1,543,535
5	$2,506,415	-$887,704 -$0	$1,618,711
6	$2,631,770	-$934,085 -$0	$1,697,685
7	$2,763,290	-$982,748 -$0	$1,780,542
8	$2,901,523	-$1,033,894 -$0	$1,867,629
9	$3,046,606	-$1,087,575 -$0	$1,959,031
10	$3,198,950	-$1,143,942 -$0	$2,055,008
11	$3,358,829	-$1,203,097 -$0	$2,155,732
12	$3,526,791	-$1,265,243 -$0	$2,261,548
13	$3,703,110	-$1,330,481 -$0	$2,372,629
14	$3,888,334	-$1,399,014 -$0	$2,489,320
15	$4,082,737	-$1,470,943 -$0	$2,611,794
16	$4,286,867	-$1,546,471 -$0	$2,740,396
17	$4,501,135	-$1,625,750 -$0	$2,875,385
18	$4,726,226	-$1,709,034 -$0	$3,017,192
19	$4,962,551	-$1,796,474 -$0	$3,166,077
20	$5,210,658	-$1,888,274 -$0	$3,322,384
21	$5,471,232	-$1,984,686 -$0	$3,486,546
22	$5,744,821	-$2,085,914 -$0	$3,658,907
23	$6,031,973	-$2,192,160 -$0	$3,839,813
24	$6,333,647	-$2,303,780 -$0	$4,029,867
25	$6,650,254	-$2,420,924 -$0	$4,229,330
26	$6,982,890	-$2,544,000 -$0	$4,438,890
27	$7,331,966	-$2,673,158 -$0	$4,658,808
28	$7,698,578	-$2,808,804 -$0	$4,889,774
29	$8,083,548	-$2,951,243 -$0	$5,132,305
30	$8,487,698	-$3,100,779 -$0	$5,386,919