West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 30, 2026 is estimated to be $409 Million, with a cash option of 170.2 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 Wed Sep 30, 2026

Draw Date	Jackpot	Cash Option
Wed Sep 30, 2026	$409,000,000	$170,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$170,200,000
Federal Tax(24%)	$40,848,000
Additional Federal Tax	$22,086,330
State Tax(6.5%)	$11,063,000
Net Lumpsum Payment	$96,202,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,155,859	-$2,237,998 -$400,131	$3,517,730
2	$6,463,836	-$2,351,950 -$420,149	$3,691,737
3	$6,786,946	-$2,471,500 -$441,151	$3,874,295
4	$7,126,416	-$2,597,104 -$463,217	$4,066,095
5	$7,482,655	-$2,728,913 -$486,373	$4,267,369
6	$7,856,890	-$2,867,380 -$510,698	$4,478,812
7	$8,249,530	-$3,012,656 -$536,219	$4,700,655
8	$8,662,211	-$3,165,348 -$563,044	$4,933,819
9	$9,095,342	-$3,325,607 -$591,197	$5,178,538
10	$9,550,150	-$3,493,886 -$620,760	$5,435,504
11	$10,027,453	-$3,670,488 -$651,784	$5,705,181
12	$10,528,887	-$3,856,019 -$684,378	$5,988,490
13	$11,055,270	-$4,050,780 -$718,593	$6,285,897
14	$11,608,238	-$4,255,378 -$754,535	$6,598,325
15	$12,188,609	-$4,470,116 -$792,260	$6,926,233
16	$12,798,019	-$4,695,597 -$831,871	$7,270,551
17	$13,437,695	-$4,932,278 -$873,450	$7,631,967
18	$14,109,682	-$5,180,913 -$917,129	$8,011,640
19	$14,815,207	-$5,441,957 -$962,988	$8,410,262
20	$15,555,906	-$5,716,016 -$1,011,134	$8,828,756
21	$16,333,824	-$6,003,845 -$1,061,699	$9,268,280
22	$17,150,597	-$6,306,051 -$1,114,789	$9,729,757
23	$18,007,861	-$6,623,239 -$1,170,511	$10,214,111
24	$18,908,479	-$6,956,468 -$1,229,051	$10,722,960
25	$19,853,678	-$7,306,191 -$1,290,489	$11,256,998
26	$20,846,730	-$7,673,620 -$1,355,037	$11,818,073
27	$21,888,862	-$8,059,209 -$1,422,776	$12,406,877
28	$22,983,346	-$8,464,168 -$1,493,917	$13,025,261
29	$24,132,636	-$8,889,406 -$1,568,621	$13,674,609
30	$25,339,186	-$9,335,829 -$1,647,047	$14,356,310