West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 19, 2025 is estimated to be $288 Million, with a cash option of 130.6 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 West Virginia, your state will take 6.5% 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.

West Virginia Powerball Jackpot/Cash Option for Sat Jul 19, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 19, 2025	$288,000,000	$130,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$130,600,000
Federal Tax(24%)	$31,344,000
Additional Federal Tax	$16,938,330
State Tax(6.5%)	$8,489,000
Net Lumpsum Payment	$73,828,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,334,688	-$1,564,165 -$281,755	$2,488,768
2	$4,551,552	-$1,644,405 -$295,851	$2,611,296
3	$4,779,072	-$1,728,587 -$310,640	$2,739,845
4	$5,018,112	-$1,817,032 -$326,177	$2,874,903
5	$5,268,960	-$1,909,846 -$342,482	$3,016,632
6	$5,532,480	-$2,007,348 -$359,611	$3,165,521
7	$5,808,960	-$2,109,646 -$377,582	$3,321,732
8	$6,099,552	-$2,217,165 -$396,471	$3,485,916
9	$6,404,544	-$2,330,012 -$416,295	$3,658,237
10	$6,724,800	-$2,448,506 -$437,112	$3,839,182
11	$7,060,896	-$2,572,862 -$458,958	$4,029,076
12	$7,413,984	-$2,703,504 -$481,909	$4,228,571
13	$7,784,640	-$2,840,647 -$506,002	$4,437,991
14	$8,174,016	-$2,984,716 -$531,311	$4,657,989
15	$8,582,688	-$3,135,925 -$557,875	$4,888,888
16	$9,011,808	-$3,294,699 -$585,768	$5,131,341
17	$9,462,240	-$3,461,359 -$615,046	$5,385,835
18	$9,935,424	-$3,636,437 -$645,803	$5,653,184
19	$10,432,224	-$3,820,253 -$678,095	$5,933,876
20	$10,953,792	-$4,013,233 -$711,996	$6,228,563
21	$11,501,568	-$4,215,911 -$747,602	$6,538,055
22	$12,076,704	-$4,428,711 -$784,986	$6,863,007
23	$12,680,352	-$4,652,061 -$824,223	$7,204,068
24	$13,314,528	-$4,886,706 -$865,444	$7,562,378
25	$13,980,096	-$5,132,966 -$908,706	$7,938,424
26	$14,679,360	-$5,391,694 -$954,158	$8,333,508
27	$15,413,184	-$5,663,208 -$1,001,857	$8,748,119
28	$16,183,872	-$5,948,363 -$1,051,952	$9,183,557
29	$16,993,152	-$6,247,797 -$1,104,555	$9,640,800
30	$17,842,752	-$6,562,149 -$1,159,779	$10,120,824