Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 31, 2026 is estimated to be $760 Million, with a cash option of 326 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 Oct 31, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 31, 2026	$760,000,000	$326,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$326,000,000
Federal Tax(24%)	$78,240,000
Additional Federal Tax	$42,340,330
State Tax(0%)	$0
Net Lumpsum Payment	$205,419,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,438,760	-$4,192,672 -$0	$7,246,088
2	$12,011,040	-$4,404,415 -$0	$7,606,625
3	$12,611,440	-$4,626,563 -$0	$7,984,877
4	$13,242,240	-$4,859,959 -$0	$8,382,281
5	$13,904,200	-$5,104,884 -$0	$8,799,316
6	$14,599,600	-$5,362,182 -$0	$9,237,418
7	$15,329,200	-$5,632,134 -$0	$9,697,066
8	$16,096,040	-$5,915,865 -$0	$10,180,175
9	$16,900,880	-$6,213,656 -$0	$10,687,224
10	$17,746,000	-$6,526,350 -$0	$11,219,650
11	$18,632,920	-$6,854,511 -$0	$11,778,409
12	$19,564,680	-$7,199,262 -$0	$12,365,418
13	$20,542,800	-$7,561,166 -$0	$12,981,634
14	$21,570,320	-$7,941,349 -$0	$13,628,971
15	$22,648,760	-$8,340,372 -$0	$14,308,388
16	$23,781,160	-$8,759,360 -$0	$15,021,800
17	$24,969,800	-$9,199,156 -$0	$15,770,644
18	$26,218,480	-$9,661,168 -$0	$16,557,312
19	$27,529,480	-$10,146,238 -$0	$17,383,242
20	$28,905,840	-$10,655,491 -$0	$18,250,349
21	$30,351,360	-$11,190,334 -$0	$19,161,026
22	$31,869,080	-$11,751,890 -$0	$20,117,190
23	$33,462,040	-$12,341,285 -$0	$21,120,755
24	$35,135,560	-$12,960,488 -$0	$22,175,072
25	$36,891,920	-$13,610,341 -$0	$23,281,579
26	$38,737,200	-$14,293,094 -$0	$24,444,106
27	$40,673,680	-$15,009,592 -$0	$25,664,088
28	$42,707,440	-$15,762,083 -$0	$26,945,357
29	$44,843,040	-$16,552,255 -$0	$28,290,785
30	$47,085,040	-$17,381,795 -$0	$29,703,245