West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 14, 2026 is estimated to be $156 Million, with a cash option of 70.5 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 Jan 14, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 14, 2026	$156,000,000	$70,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$70,500,000
Federal Tax(24%)	$16,920,000
Additional Federal Tax	$9,125,330
State Tax(6.5%)	$4,582,500
Net Lumpsum Payment	$39,872,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,347,956	-$829,074 -$152,617	$1,366,265
2	$2,465,424	-$872,537 -$160,253	$1,432,634
3	$2,588,664	-$918,136 -$168,263	$1,502,265
4	$2,718,144	-$966,044 -$176,679	$1,575,421
5	$2,854,020	-$1,016,318 -$185,511	$1,652,191
6	$2,996,760	-$1,069,132 -$194,789	$1,732,839
7	$3,146,520	-$1,124,543 -$204,524	$1,817,453
8	$3,303,924	-$1,182,782 -$214,755	$1,906,387
9	$3,469,128	-$1,243,908 -$225,493	$1,999,727
10	$3,642,600	-$1,308,092 -$236,769	$2,097,739
11	$3,824,652	-$1,375,452 -$248,602	$2,200,598
12	$4,015,908	-$1,446,216 -$261,034	$2,308,658
13	$4,216,680	-$1,520,502 -$274,084	$2,422,094
14	$4,427,592	-$1,598,539 -$287,793	$2,541,260
15	$4,648,956	-$1,680,444 -$302,182	$2,666,330
16	$4,881,396	-$1,766,447 -$317,291	$2,797,658
17	$5,125,380	-$1,856,721 -$333,150	$2,935,509
18	$5,381,688	-$1,951,555 -$349,810	$3,080,323
19	$5,650,788	-$2,051,122 -$367,301	$3,232,365
20	$5,933,304	-$2,155,653 -$385,665	$3,391,986
21	$6,230,016	-$2,265,436 -$404,951	$3,559,629
22	$6,541,548	-$2,380,703 -$425,201	$3,735,644
23	$6,868,524	-$2,501,684 -$446,454	$3,920,386
24	$7,212,036	-$2,628,784 -$468,782	$4,114,470
25	$7,572,552	-$2,762,175 -$492,216	$4,318,161
26	$7,951,320	-$2,902,319 -$516,836	$4,532,165
27	$8,348,808	-$3,049,389 -$542,673	$4,756,746
28	$8,766,264	-$3,203,848 -$569,807	$4,992,609
29	$9,204,624	-$3,366,041 -$598,301	$5,240,282
30	$9,664,824	-$3,536,315 -$628,214	$5,500,295