The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $39,729,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$0 |
$1,367,168 |
| 2 |
$2,212,560 |
$778,978
$0 |
$1,433,582 |
| 3 |
$2,323,160 |
$819,900
$0 |
$1,503,260 |
| 4 |
$2,439,360 |
$862,894
$0 |
$1,576,466 |
| 5 |
$2,561,300 |
$908,011
$0 |
$1,653,289 |
| 6 |
$2,689,400 |
$955,408
$0 |
$1,733,992 |
| 7 |
$2,823,800 |
$1,005,136
$0 |
$1,818,664 |
| 8 |
$2,965,060 |
$1,057,403
$0 |
$1,907,657 |
| 9 |
$3,113,320 |
$1,112,259
$0 |
$2,001,061 |
| 10 |
$3,269,000 |
$1,169,860
$0 |
$2,099,140 |
| 11 |
$3,432,380 |
$1,230,311
$0 |
$2,202,069 |
| 12 |
$3,604,020 |
$1,293,818
$0 |
$2,310,202 |
| 13 |
$3,784,200 |
$1,360,484
$0 |
$2,423,716 |
| 14 |
$3,973,480 |
$1,430,518
$0 |
$2,542,962 |
| 15 |
$4,172,140 |
$1,504,022
$0 |
$2,668,118 |
| 16 |
$4,380,740 |
$1,581,204
$0 |
$2,799,536 |
| 17 |
$4,599,700 |
$1,662,219
$0 |
$2,937,481 |
| 18 |
$4,829,720 |
$1,747,327
$0 |
$3,082,393 |
| 19 |
$5,071,220 |
$1,836,682
$0 |
$3,234,538 |
| 20 |
$5,324,760 |
$1,930,492
$0 |
$3,394,268 |
| 21 |
$5,591,040 |
$2,029,015
$0 |
$3,562,025 |
| 22 |
$5,870,620 |
$2,132,460
$0 |
$3,738,160 |
| 23 |
$6,164,060 |
$2,241,033
$0 |
$3,923,027 |
| 24 |
$6,472,340 |
$2,355,096
$0 |
$4,117,244 |
| 25 |
$6,795,880 |
$2,474,806
$0 |
$4,321,074 |
| 26 |
$7,135,800 |
$2,600,576
$0 |
$4,535,224 |
| 27 |
$7,492,520 |
$2,732,563
$0 |
$4,759,957 |
| 28 |
$7,867,160 |
$2,871,180
$0 |
$4,995,980 |
| 29 |
$8,260,560 |
$3,016,738
$0 |
$5,243,822 |
| 30 |
$8,673,560 |
$3,169,548
$0 |
$5,504,012 |
|
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