West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 30, 2025 is estimated to be $950 Million, with a cash option of 428.9 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 Aug 30, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 30, 2025	$950,000,000	$428,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$428,900,000
Federal Tax(24%)	$102,936,000
Additional Federal Tax	$55,717,330
State Tax(6.5%)	$27,878,500
Net Lumpsum Payment	$242,368,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,298,450	-$5,250,757 -$929,399	$8,118,294
2	$15,013,800	-$5,515,436 -$975,897	$8,522,467
3	$15,764,300	-$5,793,121 -$1,024,680	$8,946,499
4	$16,552,800	-$6,084,866 -$1,075,932	$9,392,002
5	$17,380,250	-$6,391,023 -$1,129,716	$9,859,511
6	$18,249,500	-$6,712,645 -$1,186,218	$10,350,637
7	$19,161,500	-$7,050,085 -$1,245,498	$10,865,917
8	$20,120,050	-$7,404,749 -$1,307,803	$11,407,498
9	$21,126,100	-$7,776,987 -$1,373,197	$11,975,916
10	$22,182,500	-$8,167,855 -$1,441,863	$12,572,782
11	$23,291,150	-$8,578,056 -$1,513,925	$13,199,169
12	$24,455,850	-$9,008,995 -$1,589,630	$13,857,225
13	$25,678,500	-$9,461,375 -$1,669,103	$14,548,022
14	$26,962,900	-$9,936,603 -$1,752,589	$15,273,708
15	$28,310,950	-$10,435,382 -$1,840,212	$16,035,356
16	$29,726,450	-$10,959,117 -$1,932,219	$16,835,114
17	$31,212,250	-$11,508,863 -$2,028,796	$17,674,591
18	$32,773,100	-$12,086,377 -$2,130,252	$18,556,471
19	$34,411,850	-$12,692,715 -$2,236,770	$19,482,365
20	$36,132,300	-$13,329,281 -$2,348,600	$20,454,419
21	$37,939,200	-$13,997,834 -$2,466,048	$21,475,318
22	$39,836,350	-$14,699,780 -$2,589,363	$22,547,207
23	$41,827,550	-$15,436,524 -$2,718,791	$23,672,235
24	$43,919,450	-$16,210,527 -$2,854,764	$24,854,159
25	$46,114,900	-$17,022,843 -$2,997,469	$26,094,588
26	$48,421,500	-$17,876,285 -$3,147,398	$27,397,817
27	$50,842,100	-$18,771,907 -$3,304,737	$28,765,456
28	$53,384,300	-$19,712,521 -$3,469,980	$30,201,799
29	$56,053,800	-$20,700,236 -$3,643,497	$31,710,067
30	$58,856,300	-$21,737,161 -$3,825,660	$33,293,479