Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 10, 2026 is estimated to be $516 Million, with a cash option of 212.6 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 Sat Oct 10, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 10, 2026	$516,000,000	$212,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,600,000
Federal Tax(24%)	$51,024,000
Additional Federal Tax	$27,598,330
State Tax(0%)	$0
Net Lumpsum Payment	$133,977,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,766,316	-$2,833,867 -$0	$4,932,449
2	$8,154,864	-$2,977,630 -$0	$5,177,234
3	$8,562,504	-$3,128,457 -$0	$5,434,047
4	$8,990,784	-$3,286,920 -$0	$5,703,864
5	$9,440,220	-$3,453,212 -$0	$5,987,008
6	$9,912,360	-$3,627,904 -$0	$6,284,456
7	$10,407,720	-$3,811,187 -$0	$6,596,533
8	$10,928,364	-$4,003,825 -$0	$6,924,539
9	$11,474,808	-$4,206,009 -$0	$7,268,799
10	$12,048,600	-$4,418,312 -$0	$7,630,288
11	$12,650,772	-$4,641,116 -$0	$8,009,656
12	$13,283,388	-$4,875,184 -$0	$8,408,204
13	$13,947,480	-$5,120,898 -$0	$8,826,582
14	$14,645,112	-$5,379,022 -$0	$9,266,090
15	$15,377,316	-$5,649,937 -$0	$9,727,379
16	$16,146,156	-$5,934,408 -$0	$10,211,748
17	$16,953,180	-$6,233,007 -$0	$10,720,173
18	$17,800,968	-$6,546,689 -$0	$11,254,279
19	$18,691,068	-$6,876,026 -$0	$11,815,042
20	$19,625,544	-$7,221,782 -$0	$12,403,762
21	$20,606,976	-$7,584,912 -$0	$13,022,064
22	$21,637,428	-$7,966,179 -$0	$13,671,249
23	$22,718,964	-$8,366,347 -$0	$14,352,617
24	$23,855,196	-$8,786,753 -$0	$15,068,443
25	$25,047,672	-$9,227,969 -$0	$15,819,703
26	$26,300,520	-$9,691,523 -$0	$16,608,997
27	$27,615,288	-$10,177,987 -$0	$17,437,301
28	$28,996,104	-$10,688,889 -$0	$18,307,215
29	$30,446,064	-$11,225,374 -$0	$19,220,690
30	$31,968,264	-$11,788,588 -$0	$20,179,676