The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in Wyoming, the bright side is you won't have to pay any state taxes on your lottery prize.
Wyoming Powerball Jackpot/Cash Option for Wed Jul 9, 2025 |
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Draw Date | Wed Jul 9, 2025 | Projected Jackpot | $216,000,000 | Cash Value | $98,400,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $98,400,000 | Federal Tax(24%) | $23,616,000 | Additional Federal Tax | $12,752,330 | State Tax(0%) | $0 | Net Lumpsum Payment | $62,031,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,251,016 |
$1,163,206 $0 |
$2,087,810 |
2 |
$3,413,664 |
$1,223,386 $0 |
$2,190,278 |
3 |
$3,584,304 |
$1,286,523 $0 |
$2,297,781 |
4 |
$3,763,584 |
$1,352,856 $0 |
$2,410,728 |
5 |
$3,951,720 |
$1,422,467 $0 |
$2,529,253 |
6 |
$4,149,360 |
$1,495,594 $0 |
$2,653,766 |
7 |
$4,356,720 |
$1,572,317 $0 |
$2,784,403 |
8 |
$4,574,664 |
$1,652,956 $0 |
$2,921,708 |
9 |
$4,803,408 |
$1,737,591 $0 |
$3,065,817 |
10 |
$5,043,600 |
$1,826,462 $0 |
$3,217,138 |
11 |
$5,295,672 |
$1,919,729 $0 |
$3,375,943 |
12 |
$5,560,488 |
$2,017,711 $0 |
$3,542,777 |
13 |
$5,838,480 |
$2,120,568 $0 |
$3,717,912 |
14 |
$6,130,512 |
$2,228,620 $0 |
$3,901,892 |
15 |
$6,437,016 |
$2,342,026 $0 |
$4,094,990 |
16 |
$6,758,856 |
$2,461,107 $0 |
$4,297,749 |
17 |
$7,096,680 |
$2,586,102 $0 |
$4,510,578 |
18 |
$7,451,568 |
$2,717,411 $0 |
$4,734,157 |
19 |
$7,824,168 |
$2,855,273 $0 |
$4,968,895 |
20 |
$8,215,344 |
$3,000,008 $0 |
$5,215,336 |
21 |
$8,626,176 |
$3,152,016 $0 |
$5,474,160 |
22 |
$9,057,528 |
$3,311,616 $0 |
$5,745,912 |
23 |
$9,510,264 |
$3,479,128 $0 |
$6,031,136 |
24 |
$9,985,896 |
$3,655,112 $0 |
$6,330,784 |
25 |
$10,485,072 |
$3,839,807 $0 |
$6,645,265 |
26 |
$11,009,520 |
$4,033,853 $0 |
$6,975,667 |
27 |
$11,559,888 |
$4,237,489 $0 |
$7,322,399 |
28 |
$12,137,904 |
$4,451,355 $0 |
$7,686,549 |
29 |
$12,744,864 |
$4,675,930 $0 |
$8,068,934 |
30 |
$13,382,064 |
$4,911,694 $0 |
$8,470,370 |
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