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 |
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Draw Date | Mon Apr 21, 2025 | Projected Jackpot | $139,000,000 | Cash Value | $63,800,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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