Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 2, 2025 is estimated to be $174 Million, with a cash option of 79.7 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 Jul 2, 2025

Draw Date	Jackpot	Cash Option
Wed Jul 2, 2025	$174,000,000	$79,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$79,700,000
Federal Tax(24%)	$19,128,000
Additional Federal Tax	$10,321,330
State Tax(0%)	$0
Net Lumpsum Payment	$50,250,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,618,874	-$929,314 -$0	$1,689,560
2	$2,749,896	-$977,792 -$0	$1,772,104
3	$2,887,356	-$1,028,652 -$0	$1,858,704
4	$3,031,776	-$1,082,088 -$0	$1,949,688
5	$3,183,330	-$1,138,162 -$0	$2,045,168
6	$3,342,540	-$1,197,070 -$0	$2,145,470
7	$3,509,580	-$1,258,875 -$0	$2,250,705
8	$3,685,146	-$1,323,834 -$0	$2,361,312
9	$3,869,412	-$1,392,013 -$0	$2,477,399
10	$4,062,900	-$1,463,603 -$0	$2,599,297
11	$4,265,958	-$1,538,735 -$0	$2,727,223
12	$4,479,282	-$1,617,665 -$0	$2,861,617
13	$4,703,220	-$1,700,522 -$0	$3,002,698
14	$4,938,468	-$1,787,564 -$0	$3,150,904
15	$5,185,374	-$1,878,919 -$0	$3,306,455
16	$5,444,634	-$1,974,845 -$0	$3,469,789
17	$5,716,770	-$2,075,535 -$0	$3,641,235
18	$6,002,652	-$2,181,312 -$0	$3,821,340
19	$6,302,802	-$2,292,367 -$0	$4,010,435
20	$6,617,916	-$2,408,959 -$0	$4,208,957
21	$6,948,864	-$2,531,410 -$0	$4,417,454
22	$7,296,342	-$2,659,977 -$0	$4,636,365
23	$7,661,046	-$2,794,917 -$0	$4,866,129
24	$8,044,194	-$2,936,682 -$0	$5,107,512
25	$8,446,308	-$3,085,464 -$0	$5,360,844
26	$8,868,780	-$3,241,779 -$0	$5,627,001
27	$9,312,132	-$3,405,819 -$0	$5,906,313
28	$9,777,756	-$3,578,100 -$0	$6,199,656
29	$10,266,696	-$3,759,008 -$0	$6,507,688
30	$10,779,996	-$3,948,929 -$0	$6,831,067