West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Dec 24, 2025 is estimated to be $1.70 Billion, with a cash option of 781.3 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 Wed Dec 24, 2025

Draw Date	Jackpot	Cash Option
Wed Dec 24, 2025	$1,700,000,000	$781,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$781,300,000
Federal Tax(24%)	$187,512,000
Additional Federal Tax	$101,529,330
State Tax(6.5%)	$50,784,500
Net Lumpsum Payment	$441,474,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$1,663,136	$14,496,155
2	$26,866,800	-$9,901,046 -$1,746,342	$15,219,412
3	$28,209,800	-$10,397,956 -$1,833,637	$15,978,207
4	$29,620,800	-$10,920,026 -$1,925,352	$16,775,422
5	$31,101,500	-$11,467,885 -$2,021,598	$17,612,017
6	$32,657,000	-$12,043,420 -$2,122,705	$18,490,875
7	$34,289,000	-$12,647,260 -$2,228,785	$19,412,955
8	$36,004,300	-$13,281,921 -$2,340,280	$20,382,099
9	$37,804,600	-$13,948,032 -$2,457,299	$21,399,269
10	$39,695,000	-$14,647,480 -$2,580,175	$22,467,345
11	$41,678,900	-$15,381,523 -$2,709,129	$23,588,248
12	$43,763,100	-$16,152,677 -$2,844,602	$24,765,821
13	$45,951,000	-$16,962,200 -$2,986,815	$26,001,985
14	$48,249,400	-$17,812,608 -$3,136,211	$27,300,581
15	$50,661,700	-$18,705,159 -$3,293,011	$28,663,530
16	$53,194,700	-$19,642,369 -$3,457,656	$30,094,675
17	$55,853,500	-$20,626,125 -$3,630,478	$31,596,897
18	$58,646,600	-$21,659,572 -$3,812,029	$33,174,999
19	$61,579,100	-$22,744,597 -$4,002,642	$34,831,861
20	$64,657,800	-$23,883,716 -$4,202,757	$36,571,327
21	$67,891,200	-$25,080,074 -$4,412,928	$38,398,198
22	$71,286,100	-$26,336,187 -$4,633,597	$40,316,316
23	$74,849,300	-$27,654,571 -$4,865,205	$42,329,524
24	$78,592,700	-$29,039,629 -$5,108,526	$44,444,545
25	$82,521,400	-$30,493,248 -$5,363,891	$46,664,261
26	$86,649,000	-$32,020,460 -$5,632,185	$48,996,355
27	$90,980,600	-$33,623,152 -$5,913,739	$51,443,709
28	$95,529,800	-$35,306,356 -$6,209,437	$54,014,007
29	$100,306,800	-$37,073,846 -$6,519,942	$56,713,012
30	$105,321,800	-$38,929,396 -$6,845,917	$59,546,487