Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 12, 2026 is estimated to be $975 Million, with a cash option of 422.3 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 Aug 12, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 12, 2026	$975,000,000	$422,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$422,300,000
Federal Tax(24%)	$101,352,000
Additional Federal Tax	$54,859,330
State Tax(0%)	$0
Net Lumpsum Payment	$266,088,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,674,725	-$5,389,979 -$0	$9,284,746
2	$15,408,900	-$5,661,623 -$0	$9,747,277
3	$16,179,150	-$5,946,616 -$0	$10,232,534
4	$16,988,400	-$6,246,038 -$0	$10,742,362
5	$17,837,625	-$6,560,252 -$0	$11,277,373
6	$18,729,750	-$6,890,338 -$0	$11,839,412
7	$19,665,750	-$7,236,658 -$0	$12,429,092
8	$20,649,525	-$7,600,655 -$0	$13,048,870
9	$21,682,050	-$7,982,689 -$0	$13,699,361
10	$22,766,250	-$8,383,843 -$0	$14,382,407
11	$23,904,075	-$8,804,838 -$0	$15,099,237
12	$25,099,425	-$9,247,118 -$0	$15,852,307
13	$26,354,250	-$9,711,403 -$0	$16,642,847
14	$27,672,450	-$10,199,137 -$0	$17,473,313
15	$29,055,975	-$10,711,041 -$0	$18,344,934
16	$30,508,725	-$11,248,559 -$0	$19,260,166
17	$32,033,625	-$11,812,772 -$0	$20,220,853
18	$33,635,550	-$12,405,484 -$0	$21,230,066
19	$35,317,425	-$13,027,778 -$0	$22,289,647
20	$37,083,150	-$13,681,096 -$0	$23,402,054
21	$38,937,600	-$14,367,242 -$0	$24,570,358
22	$40,884,675	-$15,087,660 -$0	$25,797,015
23	$42,928,275	-$15,843,792 -$0	$27,084,483
24	$45,075,225	-$16,638,164 -$0	$28,437,061
25	$47,328,450	-$17,471,857 -$0	$29,856,593
26	$49,695,750	-$18,347,758 -$0	$31,347,992
27	$52,180,050	-$19,266,949 -$0	$32,913,101
28	$54,789,150	-$20,232,316 -$0	$34,556,834
29	$57,528,900	-$21,246,023 -$0	$36,282,877
30	$60,405,150	-$22,310,236 -$0	$38,094,914