Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Sat Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(0%)	$0
Net Lumpsum Payment	$18,624,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$0	$646,526
2	$1,011,456	-$334,569 -$0	$676,887
3	$1,062,016	-$353,276 -$0	$708,740
4	$1,115,136	-$372,931 -$0	$742,205
5	$1,170,880	-$393,556 -$0	$777,324
6	$1,229,440	-$415,223 -$0	$814,217
7	$1,290,880	-$437,956 -$0	$852,924
8	$1,355,456	-$461,849 -$0	$893,607
9	$1,423,232	-$486,926 -$0	$936,306
10	$1,494,400	-$513,258 -$0	$981,142
11	$1,569,088	-$540,893 -$0	$1,028,195
12	$1,647,552	-$569,925 -$0	$1,077,627
13	$1,729,920	-$600,401 -$0	$1,129,519
14	$1,816,448	-$632,416 -$0	$1,184,032
15	$1,907,264	-$666,018 -$0	$1,241,246
16	$2,002,624	-$701,301 -$0	$1,301,323
17	$2,102,720	-$738,337 -$0	$1,364,383
18	$2,207,872	-$777,243 -$0	$1,430,629
19	$2,318,272	-$818,091 -$0	$1,500,181
20	$2,434,176	-$860,976 -$0	$1,573,200
21	$2,555,904	-$906,015 -$0	$1,649,889
22	$2,683,712	-$953,304 -$0	$1,730,408
23	$2,817,856	-$1,002,937 -$0	$1,814,919
24	$2,958,784	-$1,055,080 -$0	$1,903,704
25	$3,106,688	-$1,109,805 -$0	$1,996,883
26	$3,262,080	-$1,167,300 -$0	$2,094,780
27	$3,425,152	-$1,227,637 -$0	$2,197,515
28	$3,596,416	-$1,291,004 -$0	$2,305,412
29	$3,776,256	-$1,357,545 -$0	$2,418,711
30	$3,965,056	-$1,427,401 -$0	$2,537,655