Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 21, 2025 is estimated to be $650 Million, with a cash option of 304.1 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 21, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 21, 2025	$650,000,000	$304,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$304,100,000
Federal Tax(24%)	$72,984,000
Additional Federal Tax	$39,493,330
State Tax(0%)	$0
Net Lumpsum Payment	$191,622,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,783,150	-$3,580,096 -$0	$6,203,054
2	$10,272,600	-$3,761,192 -$0	$6,511,408
3	$10,786,100	-$3,951,187 -$0	$6,834,913
4	$11,325,600	-$4,150,802 -$0	$7,174,798
5	$11,891,750	-$4,360,278 -$0	$7,531,472
6	$12,486,500	-$4,580,335 -$0	$7,906,165
7	$13,110,500	-$4,811,215 -$0	$8,299,285
8	$13,766,350	-$5,053,880 -$0	$8,712,470
9	$14,454,700	-$5,308,569 -$0	$9,146,131
10	$15,177,500	-$5,576,005 -$0	$9,601,495
11	$15,936,050	-$5,856,669 -$0	$10,079,381
12	$16,732,950	-$6,151,522 -$0	$10,581,428
13	$17,569,500	-$6,461,045 -$0	$11,108,455
14	$18,448,300	-$6,786,201 -$0	$11,662,099
15	$19,370,650	-$7,127,471 -$0	$12,243,179
16	$20,339,150	-$7,485,816 -$0	$12,853,334
17	$21,355,750	-$7,861,958 -$0	$13,493,792
18	$22,423,700	-$8,257,099 -$0	$14,166,601
19	$23,544,950	-$8,671,962 -$0	$14,872,988
20	$24,722,100	-$9,107,507 -$0	$15,614,593
21	$25,958,400	-$9,564,938 -$0	$16,393,462
22	$27,256,450	-$10,045,217 -$0	$17,211,233
23	$28,618,850	-$10,549,305 -$0	$18,069,545
24	$30,050,150	-$11,078,886 -$0	$18,971,264
25	$31,552,300	-$11,634,681 -$0	$19,917,619
26	$33,130,500	-$12,218,615 -$0	$20,911,885
27	$34,786,700	-$12,831,409 -$0	$21,955,291
28	$36,526,100	-$13,474,987 -$0	$23,051,113
29	$38,352,600	-$14,150,792 -$0	$24,201,808
30	$40,270,100	-$14,860,267 -$0	$25,409,833