West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 27, 2026 is estimated to be $633 Million, with a cash option of 277.3 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 Mon Jul 27, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 27, 2026	$633,000,000	$277,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,300,000
Federal Tax(24%)	$66,552,000
Additional Federal Tax	$36,009,330
State Tax(6.5%)	$18,024,500
Net Lumpsum Payment	$156,714,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,527,283	-$3,485,425 -$619,273	$5,422,585
2	$10,003,932	-$3,661,785 -$650,256	$5,691,891
3	$10,504,002	-$3,846,811 -$682,760	$5,974,431
4	$11,029,392	-$4,041,205 -$716,910	$6,271,277
5	$11,580,735	-$4,245,202 -$752,748	$6,582,785
6	$12,159,930	-$4,459,504 -$790,395	$6,910,031
7	$12,767,610	-$4,684,346 -$829,895	$7,253,369
8	$13,406,307	-$4,920,664 -$871,410	$7,614,233
9	$14,076,654	-$5,168,692 -$914,983	$7,992,979
10	$14,780,550	-$5,429,134 -$960,736	$8,390,680
11	$15,519,261	-$5,702,457 -$1,008,752	$8,808,052
12	$16,295,319	-$5,989,598 -$1,059,196	$9,246,525
13	$17,109,990	-$6,291,027 -$1,112,149	$9,706,814
14	$17,965,806	-$6,607,679 -$1,167,777	$10,190,350
15	$18,864,033	-$6,940,023 -$1,226,162	$10,697,848
16	$19,807,203	-$7,288,995 -$1,287,468	$11,230,740
17	$20,797,215	-$7,655,300 -$1,351,819	$11,790,096
18	$21,837,234	-$8,040,107 -$1,419,420	$12,377,707
19	$22,929,159	-$8,444,119 -$1,490,395	$12,994,645
20	$24,075,522	-$8,868,274 -$1,564,909	$13,642,339
21	$25,279,488	-$9,313,741 -$1,643,167	$14,322,580
22	$26,543,589	-$9,781,458 -$1,725,333	$15,036,798
23	$27,870,357	-$10,272,362 -$1,811,573	$15,786,422
24	$29,264,223	-$10,788,093 -$1,902,174	$16,573,956
25	$30,727,086	-$11,329,352 -$1,997,261	$17,400,473
26	$32,264,010	-$11,898,014 -$2,097,161	$18,268,835
27	$33,876,894	-$12,494,781 -$2,201,998	$19,180,115
28	$35,570,802	-$13,121,527 -$2,312,102	$20,137,173
29	$37,349,532	-$13,779,657 -$2,427,720	$21,142,155
30	$39,216,882	-$14,470,577 -$2,549,097	$22,197,208