The jackpot for the Powerball draw on Sat Aug 8, 2026, is projected to be $856 Million, with an option for a cash payout of $372 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 Sat Aug 8, 2026 |
|---|
| Draw Date | Sat Aug 8, 2026 | | Projected Jackpot | $856,000,000 | | Cash Value | $372,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $372,000,000 | | Federal Tax(24%) | $89,280,000 | | Additional Federal Tax | $48,320,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $234,399,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,883,656 |
$4,727,283
$0 |
$8,156,373 |
| 2 |
$13,528,224 |
$4,965,773
$0 |
$8,562,451 |
| 3 |
$14,204,464 |
$5,215,982
$0 |
$8,988,482 |
| 4 |
$14,914,944 |
$5,478,860
$0 |
$9,436,084 |
| 5 |
$15,660,520 |
$5,754,723
$0 |
$9,905,797 |
| 6 |
$16,443,760 |
$6,044,522
$0 |
$10,399,238 |
| 7 |
$17,265,520 |
$6,348,573
$0 |
$10,916,947 |
| 8 |
$18,129,224 |
$6,668,143
$0 |
$11,461,081 |
| 9 |
$19,035,728 |
$7,003,550
$0 |
$12,032,178 |
| 10 |
$19,987,600 |
$7,355,742
$0 |
$12,631,858 |
| 11 |
$20,986,552 |
$7,725,355
$0 |
$13,261,197 |
| 12 |
$22,036,008 |
$8,113,653
$0 |
$13,922,355 |
| 13 |
$23,137,680 |
$8,521,272
$0 |
$14,616,408 |
| 14 |
$24,294,992 |
$8,949,477
$0 |
$15,345,515 |
| 15 |
$25,509,656 |
$9,398,903
$0 |
$16,110,753 |
| 16 |
$26,785,096 |
$9,870,816
$0 |
$16,914,280 |
| 17 |
$28,123,880 |
$10,366,166
$0 |
$17,757,714 |
| 18 |
$29,530,288 |
$10,886,537
$0 |
$18,643,751 |
| 19 |
$31,006,888 |
$11,432,879
$0 |
$19,574,009 |
| 20 |
$32,557,104 |
$12,006,459
$0 |
$20,550,645 |
| 21 |
$34,185,216 |
$12,608,860
$0 |
$21,576,356 |
| 22 |
$35,894,648 |
$13,241,350
$0 |
$22,653,298 |
| 23 |
$37,688,824 |
$13,905,195
$0 |
$23,783,629 |
| 24 |
$39,573,736 |
$14,602,613
$0 |
$24,971,123 |
| 25 |
$41,551,952 |
$15,334,553
$0 |
$26,217,399 |
| 26 |
$43,630,320 |
$16,103,549
$0 |
$27,526,771 |
| 27 |
$45,811,408 |
$16,910,551
$0 |
$28,900,857 |
| 28 |
$48,102,064 |
$17,758,094
$0 |
$30,343,970 |
| 29 |
$50,507,424 |
$18,648,077
$0 |
$31,859,347 |
| 30 |
$53,032,624 |
$19,582,401
$0 |
$33,450,223 |
|
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