The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 2, 2025 |
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Draw Date | Sat Aug 2, 2025 | Projected Jackpot | $410,000,000 | Cash Value | $184,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $184,900,000 | Federal Tax(24%) | $44,376,000 | Additional Federal Tax | $23,997,330 | State Tax(0%) | $0 | Net Lumpsum Payment | $116,526,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,170,910 |
$2,243,567 $0 |
$3,927,343 |
2 |
$6,479,640 |
$2,357,797 $0 |
$4,121,843 |
3 |
$6,803,540 |
$2,477,640 $0 |
$4,325,900 |
4 |
$7,143,840 |
$2,603,551 $0 |
$4,540,289 |
5 |
$7,500,950 |
$2,735,682 $0 |
$4,765,268 |
6 |
$7,876,100 |
$2,874,487 $0 |
$5,001,613 |
7 |
$8,269,700 |
$3,020,119 $0 |
$5,249,581 |
8 |
$8,683,390 |
$3,173,185 $0 |
$5,510,205 |
9 |
$9,117,580 |
$3,333,835 $0 |
$5,783,745 |
10 |
$9,573,500 |
$3,502,525 $0 |
$6,070,975 |
11 |
$10,051,970 |
$3,679,559 $0 |
$6,372,411 |
12 |
$10,554,630 |
$3,865,543 $0 |
$6,689,087 |
13 |
$11,082,300 |
$4,060,781 $0 |
$7,021,519 |
14 |
$11,636,620 |
$4,265,880 $0 |
$7,370,740 |
15 |
$12,218,410 |
$4,481,142 $0 |
$7,737,268 |
16 |
$12,829,310 |
$4,707,175 $0 |
$8,122,135 |
17 |
$13,470,550 |
$4,944,434 $0 |
$8,526,116 |
18 |
$14,144,180 |
$5,193,677 $0 |
$8,950,503 |
19 |
$14,851,430 |
$5,455,359 $0 |
$9,396,071 |
20 |
$15,593,940 |
$5,730,088 $0 |
$9,863,852 |
21 |
$16,373,760 |
$6,018,622 $0 |
$10,355,138 |
22 |
$17,192,530 |
$6,321,566 $0 |
$10,870,964 |
23 |
$18,051,890 |
$6,639,530 $0 |
$11,412,360 |
24 |
$18,954,710 |
$6,973,573 $0 |
$11,981,137 |
25 |
$19,902,220 |
$7,324,152 $0 |
$12,578,068 |
26 |
$20,897,700 |
$7,692,479 $0 |
$13,205,221 |
27 |
$21,942,380 |
$8,079,011 $0 |
$13,863,369 |
28 |
$23,039,540 |
$8,484,960 $0 |
$14,554,580 |
29 |
$24,191,640 |
$8,911,237 $0 |
$15,280,403 |
30 |
$25,401,140 |
$9,358,752 $0 |
$16,042,388 |
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