Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 1, 2026 is estimated to be $375 Million, with a cash option of 170.6 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 Wed Jul 1, 2026

Draw Date	Jackpot	Cash Option
Wed Jul 1, 2026	$375,000,000	$170,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$170,600,000
Federal Tax(24%)	$40,944,000
Additional Federal Tax	$22,138,330
State Tax(0%)	$0
Net Lumpsum Payment	$107,517,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,644,125	-$2,048,657 -$0	$3,595,468
2	$5,926,500	-$2,153,135 -$0	$3,773,365
3	$6,222,750	-$2,262,748 -$0	$3,960,002
4	$6,534,000	-$2,377,910 -$0	$4,156,090
5	$6,860,625	-$2,498,762 -$0	$4,361,863
6	$7,203,750	-$2,625,718 -$0	$4,578,032
7	$7,563,750	-$2,758,918 -$0	$4,804,832
8	$7,942,125	-$2,898,917 -$0	$5,043,208
9	$8,339,250	-$3,045,853 -$0	$5,293,397
10	$8,756,250	-$3,200,143 -$0	$5,556,107
11	$9,193,875	-$3,362,064 -$0	$5,831,811
12	$9,653,625	-$3,532,172 -$0	$6,121,453
13	$10,136,250	-$3,710,743 -$0	$6,425,507
14	$10,643,250	-$3,898,333 -$0	$6,744,917
15	$11,175,375	-$4,095,219 -$0	$7,080,156
16	$11,734,125	-$4,301,957 -$0	$7,432,168
17	$12,320,625	-$4,518,962 -$0	$7,801,663
18	$12,936,750	-$4,746,928 -$0	$8,189,822
19	$13,583,625	-$4,986,272 -$0	$8,597,353
20	$14,262,750	-$5,237,548 -$0	$9,025,202
21	$14,976,000	-$5,501,450 -$0	$9,474,550
22	$15,724,875	-$5,778,534 -$0	$9,946,341
23	$16,510,875	-$6,069,354 -$0	$10,441,521
24	$17,336,625	-$6,374,882 -$0	$10,961,743
25	$18,203,250	-$6,695,533 -$0	$11,507,717
26	$19,113,750	-$7,032,418 -$0	$12,081,332
27	$20,069,250	-$7,385,953 -$0	$12,683,297
28	$21,072,750	-$7,757,248 -$0	$13,315,502
29	$22,126,500	-$8,147,135 -$0	$13,979,365
30	$23,232,750	-$8,556,448 -$0	$14,676,302