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Wyoming’s very own lottery game, Cowboy Draw, is at its highest jackpot in the game’s history.
The jackpot is currently at $1,490,000 and is expected to draw for that amount on Monday.
If someone does take home the big prize, the lottery will take out 25%, leaving the winner with a check for approximately $1,117,500.
Jon Clontz, WyoLotto CEO, says more taxes will need to be paid by the winner, but they will still have a good chunk of change.
“If you were to take out the top range in the tax bracket—39.6 percent—I think you’d come out with around nine hundred thousand,” said Clontz.
The current jackpot is nearly half a million dollars more than the previous record jackpot of $1,000,022.
Clontz said Monday’s draw is the 28th drawing since the last jackpot.
“My gut just tells me it’s gotta hit any day,” Clontz said.
Clontz said the state’s game has already provided some big payouts.
“The 15th of January, we’ve been selling it for ten months, and we’ve had at least nine major jackpots. So we’re averaging almost one major jackpot every month.”
The odds of winning the jackpot are about one in 610,000. That’s significantly higher than national lottery games with chances of winning around one in 292 million for Powerball.
In addition, the Cowboy Draw has a 68% payout, meaning if you purchase a try at the Cowboy Draw you have a 68% chance of winning some amount of money, even if it’s only five dollars.
The next drawing for Cowboy Draw is scheduled for Monday, January 25 at 2 p.m. Be sure to buy your tickets at least one hour in advance. Tickets are five dollars each and provide two chances to win.