West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(6.5%)	$5,011,500
Net Lumpsum Payment	$43,601,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$164,357	$1,468,310
2	$2,655,072	-$942,707 -$172,580	$1,539,785
3	$2,787,792	-$991,813 -$181,206	$1,614,773
4	$2,927,232	-$1,043,406 -$190,270	$1,693,556
5	$3,073,560	-$1,097,548 -$199,781	$1,776,231
6	$3,227,280	-$1,154,424 -$209,773	$1,863,083
7	$3,388,560	-$1,214,098 -$220,256	$1,954,206
8	$3,558,072	-$1,276,817 -$231,275	$2,049,980
9	$3,735,984	-$1,342,644 -$242,839	$2,150,501
10	$3,922,800	-$1,411,766 -$254,982	$2,256,052
11	$4,118,856	-$1,484,307 -$267,726	$2,366,823
12	$4,324,824	-$1,560,515 -$281,114	$2,483,195
13	$4,541,040	-$1,640,515 -$295,168	$2,605,357
14	$4,768,176	-$1,724,556 -$309,931	$2,733,689
15	$5,006,568	-$1,812,761 -$325,427	$2,868,380
16	$5,256,888	-$1,905,379 -$341,698	$3,009,811
17	$5,519,640	-$2,002,597 -$358,777	$3,158,266
18	$5,795,664	-$2,104,726 -$376,718	$3,314,220
19	$6,085,464	-$2,211,952 -$395,555	$3,477,957
20	$6,389,712	-$2,324,524 -$415,331	$3,649,857
21	$6,709,248	-$2,442,752 -$436,101	$3,830,395
22	$7,044,744	-$2,566,886 -$457,908	$4,019,950
23	$7,396,872	-$2,697,173 -$480,797	$4,218,902
24	$7,766,808	-$2,834,049 -$504,843	$4,427,916
25	$8,155,056	-$2,977,701 -$530,079	$4,647,276
26	$8,562,960	-$3,128,626 -$556,592	$4,877,742
27	$8,991,024	-$3,287,009 -$584,417	$5,119,598
28	$9,440,592	-$3,453,349 -$613,638	$5,373,605
29	$9,912,672	-$3,628,019 -$644,324	$5,640,329
30	$10,408,272	-$3,811,391 -$676,538	$5,920,343