Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 13, 2025 is estimated to be $110 Million, with a cash option of 49.4 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 May 13, 2025

Draw Date	Jackpot	Cash Option
Tue May 13, 2025	$110,000,000	$49,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,400,000
Federal Tax(24%)	$11,856,000
Additional Federal Tax	$6,382,330
State Tax(0%)	$0
Net Lumpsum Payment	$31,161,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$0	$1,082,704
2	$1,738,440	-$603,553 -$0	$1,134,887
3	$1,825,340	-$635,706 -$0	$1,189,634
4	$1,916,640	-$669,487 -$0	$1,247,153
5	$2,012,450	-$704,937 -$0	$1,307,513
6	$2,113,100	-$742,177 -$0	$1,370,923
7	$2,218,700	-$781,249 -$0	$1,437,451
8	$2,329,690	-$822,316 -$0	$1,507,374
9	$2,446,180	-$865,417 -$0	$1,580,763
10	$2,568,500	-$910,675 -$0	$1,657,825
11	$2,696,870	-$958,172 -$0	$1,738,698
12	$2,831,730	-$1,008,070 -$0	$1,823,660
13	$2,973,300	-$1,060,451 -$0	$1,912,849
14	$3,122,020	-$1,115,478 -$0	$2,006,542
15	$3,278,110	-$1,173,231 -$0	$2,104,879
16	$3,442,010	-$1,233,874 -$0	$2,208,136
17	$3,614,050	-$1,297,529 -$0	$2,316,521
18	$3,794,780	-$1,364,399 -$0	$2,430,381
19	$3,984,530	-$1,434,606 -$0	$2,549,924
20	$4,183,740	-$1,508,314 -$0	$2,675,426
21	$4,392,960	-$1,585,726 -$0	$2,807,234
22	$4,612,630	-$1,667,003 -$0	$2,945,627
23	$4,843,190	-$1,752,311 -$0	$3,090,879
24	$5,085,410	-$1,841,932 -$0	$3,243,478
25	$5,339,620	-$1,935,990 -$0	$3,403,630
26	$5,606,700	-$2,034,809 -$0	$3,571,891
27	$5,886,980	-$2,138,513 -$0	$3,748,467
28	$6,181,340	-$2,247,426 -$0	$3,933,914
29	$6,490,440	-$2,361,793 -$0	$4,128,647
30	$6,814,940	-$2,481,858 -$0	$4,333,082