Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 28, 2025 is estimated to be $714 Million, with a cash option of 334.1 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Wyoming MEGA Millions Jackpot/Cash Option for Tue Oct 28, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 28, 2025	$714,000,000	$334,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$334,100,000
Federal Tax(24%)	$80,184,000
Additional Federal Tax	$43,393,330
State Tax(0%)	$0
Net Lumpsum Payment	$210,522,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,746,414	-$3,936,504 -$0	$6,809,910
2	$11,284,056	-$4,135,431 -$0	$7,148,625
3	$11,848,116	-$4,344,133 -$0	$7,503,983
4	$12,440,736	-$4,563,403 -$0	$7,877,333
5	$13,062,630	-$4,793,503 -$0	$8,269,127
6	$13,715,940	-$5,035,228 -$0	$8,680,712
7	$14,401,380	-$5,288,841 -$0	$9,112,539
8	$15,121,806	-$5,555,399 -$0	$9,566,407
9	$15,877,932	-$5,835,165 -$0	$10,042,767
10	$16,671,900	-$6,128,933 -$0	$10,542,967
11	$17,505,138	-$6,437,231 -$0	$11,067,907
12	$18,380,502	-$6,761,116 -$0	$11,619,386
13	$19,299,420	-$7,101,116 -$0	$12,198,304
14	$20,264,748	-$7,458,287 -$0	$12,806,461
15	$21,277,914	-$7,833,159 -$0	$13,444,755
16	$22,341,774	-$8,226,787 -$0	$14,114,987
17	$23,458,470	-$8,639,964 -$0	$14,818,506
18	$24,631,572	-$9,074,012 -$0	$15,557,560
19	$25,863,222	-$9,529,723 -$0	$16,333,499
20	$27,156,276	-$10,008,153 -$0	$17,148,123
21	$28,514,304	-$10,510,623 -$0	$18,003,681
22	$29,940,162	-$11,038,190 -$0	$18,901,972
23	$31,436,706	-$11,591,912 -$0	$19,844,794
24	$33,008,934	-$12,173,636 -$0	$20,835,298
25	$34,658,988	-$12,784,156 -$0	$21,874,832
26	$36,392,580	-$13,425,585 -$0	$22,966,995
27	$38,211,852	-$14,098,716 -$0	$24,113,136
28	$40,122,516	-$14,805,661 -$0	$25,316,855
29	$42,128,856	-$15,548,007 -$0	$26,580,849
30	$44,235,156	-$16,327,338 -$0	$27,907,818