Wyoming State Income Tax Rate on Lottery Winnings 2026 Calculator
The Wyoming state income tax rate on lottery winnings 2026 is 0%. This calculator shows you your exact after-tax take-home from Powerball, Mega Millions, and other Wyoming lottery games, including both federal and state taxes.
Wyoming's Zero-Tax Advantage
Wyoming has no state income tax on lottery winnings. On $60M, Wyoming adds $0. One of the best jurisdictions in America for lottery winners.
Federal Only
Federal 37% only. Take-home ~$37.8M after all taxes. Wyoming adds nothing.
Cowboy State Tax Haven
Wyoming's zero-tax policy for lottery winners is legendary. The state attracts wealth through its favorable tax environment.
Lump Sum vs Annuity
Both tax-free in Wyoming. Your decision is purely federal strategy and personal preference.
Privacy Options
Wyoming allows trusts and entities for claiming prizes. Combined with zero state tax, Wyoming is highly attractive for privacy-conscious winners.
Maintain Residency
Stay a Wyoming resident to preserve the zero-state-tax advantage. If you move to another state, future income is taxed by that state, though the past lottery win remains Wyoming-untaxed.
Post-Win Planning
Focus entirely on federal tax strategy and investment planning. Wyoming's clean tax picture (no state taxes) makes federal tax optimization your priority.
Wyoming Games
Powerball, Mega Millions, and Wyoming games all have zero state tax. All Wyoming lottery games offer the same state-tax-free treatment.
Wyoming Lottery Tax FAQ
Q:Does Wyoming tax lottery?
No. Zero state income tax on lottery winnings. Wyoming is one of the best states for lottery winners.
Q:Federal tax on Wyoming lottery?
37% federally with 24% withheld, leaving 13% tax gap due by April 15th.
Q:Lump sum vs annuity?
Both are completely tax-free in Wyoming. Your decision should focus on federal tax implications and personal financial goals.
Q:How much advantage over New York?
New York charges 11% state tax while Wyoming charges 0%. On a $60 million lump sum, that's a $6.6 million difference—Wyoming winner keeps $6.6 million more than New York winner.
Q:If I move out of Wyoming after winning?
If you claimed the prize in Wyoming, the zero state tax applies to that win. Moving doesn't eliminate this benefit for past winnings, though future income is taxed by your new state of residence.
Q:Can I claim anonymously through an entity?
Wyoming allows lottery winners to claim prizes through trusts and business entities in many cases, providing privacy protections. Consult a Wyoming attorney about the best claiming structure for your situation.
Q:Why is Wyoming's lottery tax so favorable?
Wyoming's zero-income-tax policy is part of the state's broader economic strategy to attract and retain wealth. The state has historically maintained this favorable tax environment to remain competitive nationally.