Jackpot Analysis Wyoming Mega Millions

Jackpot Analysis for Wyoming Mega Millions
The jackpot for the MEGA Millions draw on Fri Nov 1, 2024, is projected to be $281 Million, with an option for a cash payout of $129.8 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Nov 1, 2024
Draw DateFri Nov 1, 2024
Projected Jackpot$281,000,000
Cash Value$129,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$129,800,000
Federal Tax(24%)$31,152,000
Additional Federal Tax$16,834,330
State Tax(0%)$0
Net Lumpsum Payment$81,813,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,229,331 $1,525,183
$0
$2,704,148
2 $4,440,924 $1,603,472
$0
$2,837,452
3 $4,662,914 $1,685,609
$0
$2,977,305
4 $4,896,144 $1,771,904
$0
$3,124,240
5 $5,140,895 $1,862,462
$0
$3,278,433
6 $5,398,010 $1,957,594
$0
$3,440,416
7 $5,667,770 $2,057,405
$0
$3,610,365
8 $5,951,299 $2,162,311
$0
$3,788,988
9 $6,248,878 $2,272,415
$0
$3,976,463
10 $6,561,350 $2,388,030
$0
$4,173,320
11 $6,889,277 $2,509,363
$0
$4,379,914
12 $7,233,783 $2,636,830
$0
$4,596,953
13 $7,595,430 $2,770,639
$0
$4,824,791
14 $7,975,342 $2,911,207
$0
$5,064,135
15 $8,374,081 $3,058,740
$0
$5,315,341
16 $8,792,771 $3,213,656
$0
$5,579,115
17 $9,232,255 $3,376,265
$0
$5,855,990
18 $9,693,938 $3,547,087
$0
$6,146,851
19 $10,178,663 $3,726,436
$0
$6,452,227
20 $10,687,554 $3,914,725
$0
$6,772,829
21 $11,222,016 $4,112,476
$0
$7,109,540
22 $11,783,173 $4,320,104
$0
$7,463,069
23 $12,372,149 $4,538,026
$0
$7,834,123
24 $12,990,911 $4,766,967
$0
$8,223,944
25 $13,640,302 $5,007,242
$0
$8,633,060
26 $14,322,570 $5,259,681
$0
$9,062,889
27 $15,038,558 $5,524,597
$0
$9,513,961
28 $15,790,514 $5,802,821
$0
$9,987,693
29 $16,580,124 $6,094,976
$0
$10,485,148
30 $17,409,074 $6,401,688
$0
$11,007,386