Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 Fri Jun 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(0%)	$0
Net Lumpsum Payment	$98,004,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$0	$3,339,451
2	$5,499,792	-$1,995,253 -$0	$3,504,539
3	$5,774,712	-$2,096,974 -$0	$3,677,738
4	$6,063,552	-$2,203,845 -$0	$3,859,707
5	$6,366,660	-$2,315,995 -$0	$4,050,665
6	$6,685,080	-$2,433,810 -$0	$4,251,270
7	$7,019,160	-$2,557,420 -$0	$4,461,740
8	$7,370,292	-$2,687,338 -$0	$4,682,954
9	$7,738,824	-$2,823,695 -$0	$4,915,129
10	$8,125,800	-$2,966,876 -$0	$5,158,924
11	$8,531,916	-$3,117,139 -$0	$5,414,777
12	$8,958,564	-$3,274,999 -$0	$5,683,565
13	$9,406,440	-$3,440,713 -$0	$5,965,727
14	$9,876,936	-$3,614,797 -$0	$6,262,139
15	$10,370,748	-$3,797,507 -$0	$6,573,241
16	$10,889,268	-$3,989,360 -$0	$6,899,908
17	$11,433,540	-$4,190,740 -$0	$7,242,800
18	$12,005,304	-$4,402,293 -$0	$7,603,011
19	$12,605,604	-$4,624,404 -$0	$7,981,200
20	$13,235,832	-$4,857,588 -$0	$8,378,244
21	$13,897,728	-$5,102,490 -$0	$8,795,238
22	$14,592,684	-$5,359,623 -$0	$9,233,061
23	$15,322,092	-$5,629,504 -$0	$9,692,588
24	$16,088,388	-$5,913,034 -$0	$10,175,354
25	$16,892,616	-$6,210,598 -$0	$10,682,018
26	$17,737,560	-$6,523,228 -$0	$11,214,332
27	$18,624,264	-$6,851,308 -$0	$11,772,956
28	$19,555,512	-$7,195,870 -$0	$12,359,642
29	$20,533,392	-$7,557,685 -$0	$12,975,707
30	$21,559,992	-$7,937,527 -$0	$13,622,465