West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(6.5%)	$19,155,500
Net Lumpsum Payment	$166,545,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$672,102	$5,881,791
2	$10,857,348	-$3,977,549 -$705,728	$6,174,071
3	$11,400,078	-$4,178,359 -$741,005	$6,480,714
4	$11,970,288	-$4,389,337 -$778,069	$6,802,882
5	$12,568,665	-$4,610,736 -$816,963	$7,140,966
6	$13,197,270	-$4,843,320 -$857,823	$7,496,127
7	$13,856,790	-$5,087,343 -$900,691	$7,868,756
8	$14,549,973	-$5,343,820 -$945,748	$8,260,405
9	$15,277,506	-$5,613,008 -$993,038	$8,671,460
10	$16,041,450	-$5,895,667 -$1,042,694	$9,103,089
11	$16,843,179	-$6,192,307 -$1,094,807	$9,556,065
12	$17,685,441	-$6,503,944 -$1,149,554	$10,031,943
13	$18,569,610	-$6,831,086 -$1,207,025	$10,531,499
14	$19,498,434	-$7,174,751 -$1,267,398	$11,056,285
15	$20,473,287	-$7,535,447 -$1,330,764	$11,607,076
16	$21,496,917	-$7,914,190 -$1,397,300	$12,185,427
17	$22,571,385	-$8,311,743 -$1,467,140	$12,792,502
18	$23,700,126	-$8,729,377 -$1,540,508	$13,430,241
19	$24,885,201	-$9,167,855 -$1,617,538	$14,099,808
20	$26,129,358	-$9,628,193 -$1,698,408	$14,802,757
21	$27,436,032	-$10,111,662 -$1,783,342	$15,541,028
22	$28,807,971	-$10,619,280 -$1,872,518	$16,316,173
23	$30,247,923	-$11,152,062 -$1,966,115	$17,129,746
24	$31,760,697	-$11,711,788 -$2,064,445	$17,984,464
25	$33,348,354	-$12,299,221 -$2,167,643	$18,881,490
26	$35,016,390	-$12,916,395 -$2,276,065	$19,823,930
27	$36,766,866	-$13,564,071 -$2,389,846	$20,812,949
28	$38,605,278	-$14,244,283 -$2,509,343	$21,851,652
29	$40,535,748	-$14,958,557 -$2,634,824	$22,942,367
30	$42,562,398	-$15,708,418 -$2,766,556	$24,087,424