Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 19, 2026 is estimated to be $607 Million, with a cash option of 255.7 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 Oct 19, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 19, 2026	$607,000,000	$255,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$255,700,000
Federal Tax(24%)	$61,368,000
Additional Federal Tax	$33,201,330
State Tax(0%)	$0
Net Lumpsum Payment	$161,130,670

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