Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Virginia, your state will take 4% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Virginia Powerball Jackpot/Cash Option for Mon Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(4%)	$4,264,000
Net Lumpsum Payment	$62,933,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$151,112	$2,268,572
2	$3,966,804	-$1,428,048 -$158,672	$2,380,084
3	$4,165,094	-$1,501,415 -$166,604	$2,497,075
4	$4,373,424	-$1,578,497 -$174,937	$2,619,990
5	$4,592,045	-$1,659,387 -$183,682	$2,748,976
6	$4,821,710	-$1,744,363 -$192,868	$2,884,479
7	$5,062,670	-$1,833,518 -$202,507	$3,026,645
8	$5,315,929	-$1,927,224 -$212,637	$3,176,068
9	$5,581,738	-$2,025,573 -$223,270	$3,332,895
10	$5,860,850	-$2,128,845 -$234,434	$3,497,571
11	$6,153,767	-$2,237,224 -$246,151	$3,670,392
12	$6,461,493	-$2,351,083 -$258,460	$3,851,950
13	$6,784,530	-$2,470,606 -$271,381	$4,042,543
14	$7,123,882	-$2,596,167 -$284,955	$4,242,760
15	$7,480,051	-$2,727,949 -$299,202	$4,452,900
16	$7,854,041	-$2,866,326 -$314,162	$4,673,553
17	$8,246,605	-$3,011,574 -$329,864	$4,905,167
18	$8,658,998	-$3,164,160 -$346,360	$5,148,478
19	$9,091,973	-$3,324,360 -$363,679	$5,403,934
20	$9,546,534	-$3,492,548 -$381,861	$5,672,125
21	$10,023,936	-$3,669,187 -$400,957	$5,953,792
22	$10,525,183	-$3,854,648 -$421,007	$6,249,528
23	$11,051,279	-$4,049,304 -$442,051	$6,559,924
24	$11,603,981	-$4,253,803 -$464,159	$6,886,019
25	$12,184,042	-$4,468,426 -$487,362	$7,228,254
26	$12,793,470	-$4,693,914 -$511,739	$7,587,817
27	$13,433,018	-$4,930,547 -$537,321	$7,965,150
28	$14,104,694	-$5,179,067 -$564,188	$8,361,439
29	$14,810,004	-$5,440,032 -$592,400	$8,777,572
30	$15,550,454	-$5,713,998 -$622,018	$9,214,438