Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(4%)	$1,588,000
Net Lumpsum Payment	$23,462,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$52,377	$812,238
2	$1,374,948	-$469,061 -$54,998	$850,889
3	$1,443,678	-$494,491 -$57,747	$891,440
4	$1,515,888	-$521,209 -$60,636	$934,043
5	$1,591,665	-$549,246 -$63,667	$978,752
6	$1,671,270	-$578,700 -$66,851	$1,025,719
7	$1,754,790	-$609,603 -$70,192	$1,074,995
8	$1,842,573	-$642,082 -$73,703	$1,126,788
9	$1,934,706	-$676,172 -$77,388	$1,181,146
10	$2,031,450	-$711,967 -$81,258	$1,238,225
11	$2,132,979	-$749,533 -$85,319	$1,298,127
12	$2,239,641	-$788,998 -$89,586	$1,361,057
13	$2,351,610	-$830,426 -$94,064	$1,427,120
14	$2,469,234	-$873,947 -$98,769	$1,496,518
15	$2,592,687	-$919,625 -$103,707	$1,569,355
16	$2,722,317	-$967,588 -$108,893	$1,645,836
17	$2,858,385	-$1,017,933 -$114,335	$1,726,117
18	$3,001,326	-$1,070,821 -$120,053	$1,810,452
19	$3,151,401	-$1,126,349 -$126,056	$1,898,996
20	$3,308,958	-$1,184,645 -$132,358	$1,991,955
21	$3,474,432	-$1,245,870 -$138,977	$2,089,585
22	$3,648,171	-$1,310,154 -$145,927	$2,192,090
23	$3,830,523	-$1,377,624 -$153,221	$2,299,678
24	$4,022,097	-$1,448,506 -$160,884	$2,412,707
25	$4,223,154	-$1,522,897 -$168,926	$2,531,331
26	$4,434,390	-$1,601,055 -$177,376	$2,655,959
27	$4,656,066	-$1,683,075 -$186,243	$2,786,748
28	$4,888,878	-$1,769,215 -$195,555	$2,924,108
29	$5,133,348	-$1,859,669 -$205,334	$3,068,345
30	$5,389,998	-$1,954,630 -$215,600	$3,219,768