Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed May 14, 2025 is estimated to be $106 Million, with a cash option of 48.2 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 Wed May 14, 2025

Draw Date	Jackpot	Cash Option
Wed May 14, 2025	$106,000,000	$48,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$48,200,000
Federal Tax(24%)	$11,568,000
Additional Federal Tax	$6,226,330
State Tax(0%)	$0
Net Lumpsum Payment	$30,405,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,595,406	-$550,631 -$0	$1,044,775
2	$1,675,224	-$580,163 -$0	$1,095,061
3	$1,758,964	-$611,147 -$0	$1,147,817
4	$1,846,944	-$643,700 -$0	$1,203,244
5	$1,939,270	-$677,860 -$0	$1,261,410
6	$2,036,260	-$713,747 -$0	$1,322,513
7	$2,138,020	-$751,398 -$0	$1,386,622
8	$2,244,974	-$790,971 -$0	$1,454,003
9	$2,357,228	-$832,505 -$0	$1,524,723
10	$2,475,100	-$876,117 -$0	$1,598,983
11	$2,598,802	-$921,887 -$0	$1,676,915
12	$2,728,758	-$969,971 -$0	$1,758,787
13	$2,865,180	-$1,020,447 -$0	$1,844,733
14	$3,008,492	-$1,073,472 -$0	$1,935,020
15	$3,158,906	-$1,129,126 -$0	$2,029,780
16	$3,316,846	-$1,187,563 -$0	$2,129,283
17	$3,482,630	-$1,248,903 -$0	$2,233,727
18	$3,656,788	-$1,313,342 -$0	$2,343,446
19	$3,839,638	-$1,380,996 -$0	$2,458,642
20	$4,031,604	-$1,452,024 -$0	$2,579,580
21	$4,233,216	-$1,526,620 -$0	$2,706,596
22	$4,444,898	-$1,604,943 -$0	$2,839,955
23	$4,667,074	-$1,687,148 -$0	$2,979,926
24	$4,900,486	-$1,773,510 -$0	$3,126,976
25	$5,145,452	-$1,864,148 -$0	$3,281,304
26	$5,402,820	-$1,959,374 -$0	$3,443,446
27	$5,672,908	-$2,059,306 -$0	$3,613,602
28	$5,956,564	-$2,164,259 -$0	$3,792,305
29	$6,254,424	-$2,274,467 -$0	$3,979,957
30	$6,567,124	-$2,390,166 -$0	$4,176,958