Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(4%)	$3,024,000
Net Lumpsum Payment	$44,643,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$103,551	$1,567,045
2	$2,718,288	-$966,097 -$108,732	$1,643,459
3	$2,854,168	-$1,016,373 -$114,167	$1,723,628
4	$2,996,928	-$1,069,194 -$119,877	$1,807,857
5	$3,146,740	-$1,124,624 -$125,870	$1,896,246
6	$3,304,120	-$1,182,855 -$132,165	$1,989,100
7	$3,469,240	-$1,243,949 -$138,770	$2,086,521
8	$3,642,788	-$1,308,162 -$145,712	$2,188,914
9	$3,824,936	-$1,375,557 -$152,997	$2,296,382
10	$4,016,200	-$1,446,324 -$160,648	$2,409,228
11	$4,216,924	-$1,520,592 -$168,677	$2,527,655
12	$4,427,796	-$1,598,615 -$177,112	$2,652,069
13	$4,649,160	-$1,680,520 -$185,966	$2,782,674
14	$4,881,704	-$1,766,561 -$195,268	$2,919,875
15	$5,125,772	-$1,856,866 -$205,031	$3,063,875
16	$5,382,052	-$1,951,690 -$215,282	$3,215,080
17	$5,651,060	-$2,051,223 -$226,042	$3,373,795
18	$5,933,656	-$2,155,783 -$237,346	$3,540,527
19	$6,230,356	-$2,265,562 -$249,214	$3,715,580
20	$6,541,848	-$2,380,814 -$261,674	$3,899,360
21	$6,868,992	-$2,501,857 -$274,760	$4,092,375
22	$7,212,476	-$2,628,947 -$288,499	$4,295,030
23	$7,572,988	-$2,762,336 -$302,920	$4,507,732
24	$7,951,732	-$2,902,471 -$318,069	$4,731,192
25	$8,349,224	-$3,049,543 -$333,969	$4,965,712
26	$8,766,840	-$3,204,061 -$350,674	$5,212,105
27	$9,205,096	-$3,366,216 -$368,204	$5,470,676
28	$9,665,368	-$3,536,517 -$386,615	$5,742,236
29	$10,148,688	-$3,715,345 -$405,948	$6,027,395
30	$10,656,088	-$3,903,083 -$426,244	$6,326,761