Cowboy Draw
Latest draw · Thursday, July 2, 2026
Cowboy Draw Tax Calculator
See what you'd really take home from a Cowboy Draw prize after federal and Wyoming state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $315,000
- Federal tax
- − $80,625
- State tax (Wyoming · 0%)
- − $0
- Net take-home
- $234,375
🎉 Wyoming doesn't tax lottery winnings — you only pay federal tax on your Cowboy Draw prize.
Estimate only — uses single-filer federal brackets and Wyoming's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cowboy Draw tax FAQ
How much tax do you pay on a Cowboy Draw jackpot in Wyoming?
On a $315,000 Cowboy Draw jackpot taken as a lump sum, you'd pay about $80,625 in federal tax and no Wyoming state tax, leaving roughly $234,375.
Does Wyoming tax Cowboy Draw lottery winnings?
No — Wyoming does not tax lottery winnings, so you only pay federal tax on a Cowboy Draw prize.
Should I take the Cowboy Draw lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.