Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 10, 2025 is estimated to be $243 Million, with a cash option of 108 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 Jun 10, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 10, 2025	$243,000,000	$108,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$108,000,000
Federal Tax(24%)	$25,920,000
Additional Federal Tax	$14,000,330
State Tax(0%)	$0
Net Lumpsum Payment	$68,079,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,657,393	-$1,313,566 -$0	$2,343,827
2	$3,840,372	-$1,381,268 -$0	$2,459,104
3	$4,032,342	-$1,452,297 -$0	$2,580,045
4	$4,234,032	-$1,526,922 -$0	$2,707,110
5	$4,445,685	-$1,605,234 -$0	$2,840,451
6	$4,668,030	-$1,687,501 -$0	$2,980,529
7	$4,901,310	-$1,773,815 -$0	$3,127,495
8	$5,146,497	-$1,864,534 -$0	$3,281,963
9	$5,403,834	-$1,959,749 -$0	$3,444,085
10	$5,674,050	-$2,059,729 -$0	$3,614,321
11	$5,957,631	-$2,164,654 -$0	$3,792,977
12	$6,255,549	-$2,274,884 -$0	$3,980,665
13	$6,568,290	-$2,390,598 -$0	$4,177,692
14	$6,896,826	-$2,512,156 -$0	$4,384,670
15	$7,241,643	-$2,639,738 -$0	$4,601,905
16	$7,603,713	-$2,773,704 -$0	$4,830,009
17	$7,983,765	-$2,914,323 -$0	$5,069,442
18	$8,383,014	-$3,062,046 -$0	$5,320,968
19	$8,802,189	-$3,217,140 -$0	$5,585,049
20	$9,242,262	-$3,379,967 -$0	$5,862,295
21	$9,704,448	-$3,550,976 -$0	$6,153,472
22	$10,189,719	-$3,730,526 -$0	$6,459,193
23	$10,699,047	-$3,918,978 -$0	$6,780,069
24	$11,234,133	-$4,116,960 -$0	$7,117,173
25	$11,795,706	-$4,324,742 -$0	$7,470,964
26	$12,385,710	-$4,543,043 -$0	$7,842,667
27	$13,004,874	-$4,772,134 -$0	$8,232,740
28	$13,655,142	-$5,012,733 -$0	$8,642,409
29	$14,337,972	-$5,265,380 -$0	$9,072,592
30	$15,054,822	-$5,530,615 -$0	$9,524,207