The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Tue Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $191,622,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$0 |
$6,203,054 |
| 2 |
$10,272,600 |
$3,761,192
$0 |
$6,511,408 |
| 3 |
$10,786,100 |
$3,951,187
$0 |
$6,834,913 |
| 4 |
$11,325,600 |
$4,150,802
$0 |
$7,174,798 |
| 5 |
$11,891,750 |
$4,360,278
$0 |
$7,531,472 |
| 6 |
$12,486,500 |
$4,580,335
$0 |
$7,906,165 |
| 7 |
$13,110,500 |
$4,811,215
$0 |
$8,299,285 |
| 8 |
$13,766,350 |
$5,053,880
$0 |
$8,712,470 |
| 9 |
$14,454,700 |
$5,308,569
$0 |
$9,146,131 |
| 10 |
$15,177,500 |
$5,576,005
$0 |
$9,601,495 |
| 11 |
$15,936,050 |
$5,856,669
$0 |
$10,079,381 |
| 12 |
$16,732,950 |
$6,151,522
$0 |
$10,581,428 |
| 13 |
$17,569,500 |
$6,461,045
$0 |
$11,108,455 |
| 14 |
$18,448,300 |
$6,786,201
$0 |
$11,662,099 |
| 15 |
$19,370,650 |
$7,127,471
$0 |
$12,243,179 |
| 16 |
$20,339,150 |
$7,485,816
$0 |
$12,853,334 |
| 17 |
$21,355,750 |
$7,861,958
$0 |
$13,493,792 |
| 18 |
$22,423,700 |
$8,257,099
$0 |
$14,166,601 |
| 19 |
$23,544,950 |
$8,671,962
$0 |
$14,872,988 |
| 20 |
$24,722,100 |
$9,107,507
$0 |
$15,614,593 |
| 21 |
$25,958,400 |
$9,564,938
$0 |
$16,393,462 |
| 22 |
$27,256,450 |
$10,045,217
$0 |
$17,211,233 |
| 23 |
$28,618,850 |
$10,549,305
$0 |
$18,069,545 |
| 24 |
$30,050,150 |
$11,078,886
$0 |
$18,971,264 |
| 25 |
$31,552,300 |
$11,634,681
$0 |
$19,917,619 |
| 26 |
$33,130,500 |
$12,218,615
$0 |
$20,911,885 |
| 27 |
$34,786,700 |
$12,831,409
$0 |
$21,955,291 |
| 28 |
$36,526,100 |
$13,474,987
$0 |
$23,051,113 |
| 29 |
$38,352,600 |
$14,150,792
$0 |
$24,201,808 |
| 30 |
$40,270,100 |
$14,860,267
$0 |
$25,409,833 |
|
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