West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 Jun 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(6.5%)	$4,537,000
Net Lumpsum Payment	$39,476,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$151,639	$1,357,761
2	$2,449,620	-$866,690 -$159,225	$1,423,705
3	$2,572,070	-$911,996 -$167,185	$1,492,889
4	$2,700,720	-$959,597 -$175,547	$1,565,576
5	$2,835,725	-$1,009,549 -$184,322	$1,641,854
6	$2,977,550	-$1,062,024 -$193,541	$1,721,985
7	$3,126,350	-$1,117,080 -$203,213	$1,806,057
8	$3,282,745	-$1,174,946 -$213,378	$1,894,421
9	$3,446,890	-$1,235,680 -$224,048	$1,987,162
10	$3,619,250	-$1,299,453 -$235,251	$2,084,546
11	$3,800,135	-$1,366,380 -$247,009	$2,186,746
12	$3,990,165	-$1,436,691 -$259,361	$2,294,113
13	$4,189,650	-$1,510,501 -$272,327	$2,406,822
14	$4,399,210	-$1,588,038 -$285,949	$2,525,223
15	$4,619,155	-$1,669,418 -$300,245	$2,649,492
16	$4,850,105	-$1,754,869 -$315,257	$2,779,979
17	$5,092,525	-$1,844,565 -$331,014	$2,916,946
18	$5,347,190	-$1,938,791 -$347,567	$3,060,832
19	$5,614,565	-$2,037,719 -$364,947	$3,211,899
20	$5,895,270	-$2,141,580 -$383,193	$3,370,497
21	$6,190,080	-$2,250,660 -$402,355	$3,537,065
22	$6,499,615	-$2,365,188 -$422,475	$3,711,952
23	$6,824,495	-$2,485,394 -$443,592	$3,895,509
24	$7,165,805	-$2,611,678 -$465,777	$4,088,350
25	$7,524,010	-$2,744,214 -$489,061	$4,290,735
26	$7,900,350	-$2,883,460 -$513,523	$4,503,367
27	$8,295,290	-$3,029,588 -$539,194	$4,726,508
28	$8,710,070	-$3,183,056 -$566,155	$4,960,859
29	$9,145,620	-$3,344,210 -$594,465	$5,206,945
30	$9,602,870	-$3,513,392 -$624,187	$5,465,291