West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Mar 18, 2026 is estimated to be $101 Million, with a cash option of 46 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 Mar 18, 2026

Draw Date	Jackpot	Cash Option
Wed Mar 18, 2026	$101,000,000	$46,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$46,000,000
Federal Tax(24%)	$11,040,000
Additional Federal Tax	$5,940,330
State Tax(6.5%)	$2,990,000
Net Lumpsum Payment	$26,029,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,520,151	-$522,786 -$98,810	$898,555
2	$1,596,204	-$550,926 -$103,753	$941,525
3	$1,675,994	-$580,448 -$108,940	$986,606
4	$1,759,824	-$611,465 -$114,389	$1,033,970
5	$1,847,795	-$644,015 -$120,107	$1,083,673
6	$1,940,210	-$678,208 -$126,114	$1,135,888
7	$2,037,170	-$714,083 -$132,416	$1,190,671
8	$2,139,079	-$751,790 -$139,040	$1,248,249
9	$2,246,038	-$791,364 -$145,992	$1,308,682
10	$2,358,350	-$832,920 -$153,293	$1,372,137
11	$2,476,217	-$876,531 -$160,954	$1,438,732
12	$2,600,043	-$922,346 -$169,003	$1,508,694
13	$2,730,030	-$970,441 -$177,452	$1,582,137
14	$2,866,582	-$1,020,966 -$186,328	$1,659,288
15	$3,009,901	-$1,073,994 -$195,644	$1,740,263
16	$3,160,391	-$1,129,675 -$205,425	$1,825,291
17	$3,318,355	-$1,188,122 -$215,693	$1,914,540
18	$3,484,298	-$1,249,521 -$226,479	$2,008,298
19	$3,658,523	-$1,313,984 -$237,804	$2,106,735
20	$3,841,434	-$1,381,661 -$249,693	$2,210,080
21	$4,033,536	-$1,452,739 -$262,180	$2,318,617
22	$4,235,233	-$1,527,367 -$275,290	$2,432,576
23	$4,446,929	-$1,605,694 -$289,050	$2,552,185
24	$4,669,331	-$1,687,983 -$303,507	$2,677,841
25	$4,902,742	-$1,774,345 -$318,678	$2,809,719
26	$5,147,970	-$1,865,079 -$334,618	$2,948,273
27	$5,405,318	-$1,960,298 -$351,346	$3,093,674
28	$5,675,594	-$2,060,300 -$368,914	$3,246,380
29	$5,959,404	-$2,165,310 -$387,361	$3,406,733
30	$6,257,354	-$2,275,551 -$406,728	$3,575,075