Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 4, 2026 is estimated to be $396 Million, with a cash option of 180.2 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 Jul 4, 2026

Draw Date	Jackpot	Cash Option
Sat Jul 4, 2026	$396,000,000	$180,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$180,200,000
Federal Tax(24%)	$43,248,000
Additional Federal Tax	$23,386,330
State Tax(0%)	$0
Net Lumpsum Payment	$113,565,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,960,196	-$2,165,603 -$0	$3,794,593
2	$6,258,384	-$2,275,932 -$0	$3,982,452
3	$6,571,224	-$2,391,683 -$0	$4,179,541
4	$6,899,904	-$2,513,295 -$0	$4,386,609
5	$7,244,820	-$2,640,914 -$0	$4,603,906
6	$7,607,160	-$2,774,980 -$0	$4,832,180
7	$7,987,320	-$2,915,639 -$0	$5,071,681
8	$8,386,884	-$3,063,477 -$0	$5,323,407
9	$8,806,248	-$3,218,642 -$0	$5,587,606
10	$9,246,600	-$3,381,572 -$0	$5,865,028
11	$9,708,732	-$3,552,561 -$0	$6,156,171
12	$10,194,228	-$3,732,195 -$0	$6,462,033
13	$10,703,880	-$3,920,766 -$0	$6,783,114
14	$11,239,272	-$4,118,861 -$0	$7,120,411
15	$11,801,196	-$4,326,773 -$0	$7,474,423
16	$12,391,236	-$4,545,088 -$0	$7,846,148
17	$13,010,580	-$4,774,245 -$0	$8,236,335
18	$13,661,208	-$5,014,977 -$0	$8,646,231
19	$14,344,308	-$5,267,724 -$0	$9,076,584
20	$15,061,464	-$5,533,072 -$0	$9,528,392
21	$15,814,656	-$5,811,753 -$0	$10,002,903
22	$16,605,468	-$6,104,354 -$0	$10,501,114
23	$17,435,484	-$6,411,459 -$0	$11,024,025
24	$18,307,476	-$6,734,097 -$0	$11,573,379
25	$19,222,632	-$7,072,704 -$0	$12,149,928
26	$20,184,120	-$7,428,455 -$0	$12,755,665
27	$21,193,128	-$7,801,788 -$0	$13,391,340
28	$22,252,824	-$8,193,875 -$0	$14,058,949
29	$23,365,584	-$8,605,596 -$0	$14,759,988
30	$24,533,784	-$9,037,830 -$0	$15,495,954