Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed May 21, 2025 is estimated to be $146 Million, with a cash option of 65.6 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 May 21, 2025

Draw Date	Jackpot	Cash Option
Wed May 21, 2025	$146,000,000	$65,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$65,600,000
Federal Tax(24%)	$15,744,000
Additional Federal Tax	$8,488,330
State Tax(0%)	$0
Net Lumpsum Payment	$41,367,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,197,446	-$773,385 -$0	$1,424,061
2	$2,307,384	-$814,062 -$0	$1,493,322
3	$2,422,724	-$856,738 -$0	$1,565,986
4	$2,543,904	-$901,575 -$0	$1,642,329
5	$2,671,070	-$948,626 -$0	$1,722,444
6	$2,804,660	-$998,055 -$0	$1,806,605
7	$2,944,820	-$1,049,914 -$0	$1,894,906
8	$3,092,134	-$1,104,420 -$0	$1,987,714
9	$3,246,748	-$1,161,627 -$0	$2,085,121
10	$3,409,100	-$1,221,697 -$0	$2,187,403
11	$3,579,482	-$1,284,739 -$0	$2,294,743
12	$3,758,478	-$1,350,967 -$0	$2,407,511
13	$3,946,380	-$1,420,491 -$0	$2,525,889
14	$4,143,772	-$1,493,526 -$0	$2,650,246
15	$4,350,946	-$1,570,180 -$0	$2,780,766
16	$4,568,486	-$1,650,670 -$0	$2,917,816
17	$4,796,830	-$1,735,157 -$0	$3,061,673
18	$5,036,708	-$1,823,912 -$0	$3,212,796
19	$5,288,558	-$1,917,097 -$0	$3,371,461
20	$5,552,964	-$2,014,927 -$0	$3,538,037
21	$5,830,656	-$2,117,673 -$0	$3,712,983
22	$6,122,218	-$2,225,551 -$0	$3,896,667
23	$6,428,234	-$2,338,777 -$0	$4,089,457
24	$6,749,726	-$2,457,729 -$0	$4,291,997
25	$7,087,132	-$2,582,569 -$0	$4,504,563
26	$7,441,620	-$2,713,730 -$0	$4,727,890
27	$7,813,628	-$2,851,373 -$0	$4,962,255
28	$8,204,324	-$2,995,930 -$0	$5,208,394
29	$8,614,584	-$3,147,726 -$0	$5,466,858
30	$9,045,284	-$3,307,085 -$0	$5,738,199