Wyoming Lottery

WYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 23, 2025 is estimated to be $325 Million, with a cash option of 145.3 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 Jul 23, 2025

Draw Date	Jackpot	Cash Option
Wed Jul 23, 2025	$325,000,000	$145,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,300,000
Federal Tax(24%)	$34,872,000
Additional Federal Tax	$18,849,330
State Tax(0%)	$0
Net Lumpsum Payment	$91,578,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,891,575	-$1,770,213 -$0	$3,121,362
2	$5,136,300	-$1,860,761 -$0	$3,275,539
3	$5,393,050	-$1,955,759 -$0	$3,437,291
4	$5,662,800	-$2,055,566 -$0	$3,607,234
5	$5,945,875	-$2,160,304 -$0	$3,785,571
6	$6,243,250	-$2,270,333 -$0	$3,972,917
7	$6,555,250	-$2,385,773 -$0	$4,169,477
8	$6,883,175	-$2,507,105 -$0	$4,376,070
9	$7,227,350	-$2,634,450 -$0	$4,592,900
10	$7,588,750	-$2,768,168 -$0	$4,820,582
11	$7,968,025	-$2,908,500 -$0	$5,059,525
12	$8,366,475	-$3,055,926 -$0	$5,310,549
13	$8,784,750	-$3,210,688 -$0	$5,574,062
14	$9,224,150	-$3,373,266 -$0	$5,850,884
15	$9,685,325	-$3,543,901 -$0	$6,141,424
16	$10,169,575	-$3,723,073 -$0	$6,446,502
17	$10,677,875	-$3,911,144 -$0	$6,766,731
18	$11,211,850	-$4,108,715 -$0	$7,103,135
19	$11,772,475	-$4,316,146 -$0	$7,456,329
20	$12,361,050	-$4,533,919 -$0	$7,827,131
21	$12,979,200	-$4,762,634 -$0	$8,216,566
22	$13,628,225	-$5,002,774 -$0	$8,625,451
23	$14,309,425	-$5,254,818 -$0	$9,054,607
24	$15,025,075	-$5,519,608 -$0	$9,505,467
25	$15,776,150	-$5,797,506 -$0	$9,978,644
26	$16,565,250	-$6,089,473 -$0	$10,475,777
27	$17,393,350	-$6,395,870 -$0	$10,997,480
28	$18,263,050	-$6,717,659 -$0	$11,545,391
29	$19,176,300	-$7,055,561 -$0	$12,120,739
30	$20,135,050	-$7,410,299 -$0	$12,724,751