Jackpot Analysis Wyoming Powerball

Jackpot Analysis for Wyoming Powerball
The jackpot for the Powerball draw on Mon Apr 21, 2025, is projected to be $139 Million, with an option for a cash payout of $63.8 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 Mon Apr 21, 2025
Draw DateMon Apr 21, 2025
Projected Jackpot$139,000,000
Cash Value$63,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$63,800,000
Federal Tax(24%)$15,312,000
Additional Federal Tax$8,254,330
State Tax(0%)$0
Net Lumpsum Payment$40,233,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,092,089 $734,403
$0
$1,357,686
2 $2,196,756 $773,130
$0
$1,423,626
3 $2,306,566 $813,760
$0
$1,492,806
4 $2,421,936 $856,447
$0
$1,565,489
5 $2,543,005 $901,242
$0
$1,641,763
6 $2,670,190 $948,301
$0
$1,721,889
7 $2,803,630 $997,673
$0
$1,805,957
8 $2,943,881 $1,049,566
$0
$1,894,315
9 $3,091,082 $1,104,031
$0
$1,987,051
10 $3,245,650 $1,161,221
$0
$2,084,429
11 $3,407,863 $1,221,240
$0
$2,186,623
12 $3,578,277 $1,284,293
$0
$2,293,984
13 $3,757,170 $1,350,483
$0
$2,406,687
14 $3,945,098 $1,420,017
$0
$2,525,081
15 $4,142,339 $1,492,996
$0
$2,649,343
16 $4,349,449 $1,569,627
$0
$2,779,822
17 $4,566,845 $1,650,063
$0
$2,916,782
18 $4,795,222 $1,734,563
$0
$3,060,659
19 $5,034,997 $1,823,279
$0
$3,211,718
20 $5,286,726 $1,916,419
$0
$3,370,307
21 $5,551,104 $2,014,239
$0
$3,536,865
22 $5,828,687 $2,116,945
$0
$3,711,742
23 $6,120,031 $2,224,742
$0
$3,895,289
24 $6,426,109 $2,337,991
$0
$4,088,118
25 $6,747,338 $2,456,845
$0
$4,290,493
26 $7,084,830 $2,581,717
$0
$4,503,113
27 $7,439,002 $2,712,761
$0
$4,726,241
28 $7,810,966 $2,850,388
$0
$4,960,578
29 $8,201,556 $2,994,906
$0
$5,206,650
30 $8,611,606 $3,146,625
$0
$5,464,981