Jackpot Analysis Wyoming Powerball

Jackpot Analysis for Wyoming Powerball
The jackpot for the Powerball draw on Wed Feb 12, 2025, is projected to be $154 Million, with an option for a cash payout of $71.4 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 Feb 12, 2025
Draw DateWed Feb 12, 2025
Projected Jackpot$154,000,000
Cash Value$71,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$71,400,000
Federal Tax(24%)$17,136,000
Additional Federal Tax$9,242,330
State Tax(0%)$0
Net Lumpsum Payment$45,021,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,317,854 $817,936
$0
$1,499,918
2 $2,433,816 $860,842
$0
$1,572,974
3 $2,555,476 $905,857
$0
$1,649,619
4 $2,683,296 $953,150
$0
$1,730,146
5 $2,817,430 $1,002,779
$0
$1,814,651
6 $2,958,340 $1,054,916
$0
$1,903,424
7 $3,106,180 $1,109,617
$0
$1,996,563
8 $3,261,566 $1,167,110
$0
$2,094,456
9 $3,424,652 $1,227,452
$0
$2,197,200
10 $3,595,900 $1,290,813
$0
$2,305,087
11 $3,775,618 $1,357,309
$0
$2,418,309
12 $3,964,422 $1,427,167
$0
$2,537,255
13 $4,162,620 $1,500,500
$0
$2,662,120
14 $4,370,828 $1,577,537
$0
$2,793,291
15 $4,589,354 $1,658,391
$0
$2,930,963
16 $4,818,814 $1,743,292
$0
$3,075,522
17 $5,059,670 $1,832,408
$0
$3,227,262
18 $5,312,692 $1,926,026
$0
$3,386,666
19 $5,578,342 $2,024,317
$0
$3,554,025
20 $5,857,236 $2,127,508
$0
$3,729,728
21 $6,150,144 $2,235,884
$0
$3,914,260
22 $6,457,682 $2,349,673
$0
$4,108,009
23 $6,780,466 $2,469,103
$0
$4,311,363
24 $7,119,574 $2,594,573
$0
$4,525,001
25 $7,475,468 $2,726,254
$0
$4,749,214
26 $7,849,380 $2,864,601
$0
$4,984,779
27 $8,241,772 $3,009,786
$0
$5,231,986
28 $8,653,876 $3,162,265
$0
$5,491,611
29 $9,086,616 $3,322,378
$0
$5,764,238
30 $9,540,916 $3,490,469
$0
$6,050,447