Wyoming Lottery

WYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 20, 2025 is estimated to be $139 Million, with a cash option of 62.3 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 May 20, 2025

Draw Date	Jackpot	Cash Option
Tue May 20, 2025	$139,000,000	$62,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,300,000
Federal Tax(24%)	$14,952,000
Additional Federal Tax	$8,059,330
State Tax(0%)	$0
Net Lumpsum Payment	$39,288,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,092,089	-$734,403 -$0	$1,357,686
2	$2,196,756	-$773,130 -$0	$1,423,626
3	$2,306,566	-$813,760 -$0	$1,492,806
4	$2,421,936	-$856,447 -$0	$1,565,489
5	$2,543,005	-$901,242 -$0	$1,641,763
6	$2,670,190	-$948,301 -$0	$1,721,889
7	$2,803,630	-$997,673 -$0	$1,805,957
8	$2,943,881	-$1,049,566 -$0	$1,894,315
9	$3,091,082	-$1,104,031 -$0	$1,987,051
10	$3,245,650	-$1,161,221 -$0	$2,084,429
11	$3,407,863	-$1,221,240 -$0	$2,186,623
12	$3,578,277	-$1,284,293 -$0	$2,293,984
13	$3,757,170	-$1,350,483 -$0	$2,406,687
14	$3,945,098	-$1,420,017 -$0	$2,525,081
15	$4,142,339	-$1,492,996 -$0	$2,649,343
16	$4,349,449	-$1,569,627 -$0	$2,779,822
17	$4,566,845	-$1,650,063 -$0	$2,916,782
18	$4,795,222	-$1,734,563 -$0	$3,060,659
19	$5,034,997	-$1,823,279 -$0	$3,211,718
20	$5,286,726	-$1,916,419 -$0	$3,370,307
21	$5,551,104	-$2,014,239 -$0	$3,536,865
22	$5,828,687	-$2,116,945 -$0	$3,711,742
23	$6,120,031	-$2,224,742 -$0	$3,895,289
24	$6,426,109	-$2,337,991 -$0	$4,088,118
25	$6,747,338	-$2,456,845 -$0	$4,290,493
26	$7,084,830	-$2,581,717 -$0	$4,503,113
27	$7,439,002	-$2,712,761 -$0	$4,726,241
28	$7,810,966	-$2,850,388 -$0	$4,960,578
29	$8,201,556	-$2,994,906 -$0	$5,206,650
30	$8,611,606	-$3,146,625 -$0	$5,464,981