West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Feb 25, 2026 is estimated to be $218 Million, with a cash option of 101.6 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 Feb 25, 2026

Draw Date	Jackpot	Cash Option
Wed Feb 25, 2026	$218,000,000	$101,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$101,600,000
Federal Tax(24%)	$24,384,000
Additional Federal Tax	$13,168,330
State Tax(6.5%)	$6,604,000
Net Lumpsum Payment	$57,443,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,281,118	-$1,174,344 -$213,273	$1,893,501
2	$3,445,272	-$1,235,081 -$223,943	$1,986,248
3	$3,617,492	-$1,298,802 -$235,137	$2,083,553
4	$3,798,432	-$1,365,750 -$246,898	$2,185,784
5	$3,988,310	-$1,436,005 -$259,240	$2,293,065
6	$4,187,780	-$1,509,809 -$272,206	$2,405,765
7	$4,397,060	-$1,587,243 -$285,809	$2,524,008
8	$4,617,022	-$1,668,629 -$300,106	$2,648,287
9	$4,847,884	-$1,754,047 -$315,112	$2,778,725
10	$5,090,300	-$1,843,741 -$330,870	$2,915,689
11	$5,344,706	-$1,937,872 -$347,406	$3,059,428
12	$5,611,974	-$2,036,761 -$364,778	$3,210,435
13	$5,892,540	-$2,140,570 -$383,015	$3,368,955
14	$6,187,276	-$2,249,623 -$402,173	$3,535,480
15	$6,496,618	-$2,364,079 -$422,280	$3,710,259
16	$6,821,438	-$2,484,262 -$443,393	$3,893,783
17	$7,162,390	-$2,610,415 -$465,555	$4,086,420
18	$7,520,564	-$2,742,939 -$488,837	$4,288,788
19	$7,896,614	-$2,882,078 -$513,280	$4,501,256
20	$8,291,412	-$3,028,153 -$538,942	$4,724,317
21	$8,706,048	-$3,181,568 -$565,893	$4,958,587
22	$9,141,394	-$3,342,646 -$594,191	$5,204,557
23	$9,598,322	-$3,511,710 -$623,891	$5,462,721
24	$10,078,358	-$3,689,323 -$655,093	$5,733,942
25	$10,582,156	-$3,875,728 -$687,840	$6,018,588
26	$11,111,460	-$4,071,571 -$722,245	$6,317,644
27	$11,666,924	-$4,277,092 -$758,350	$6,631,482
28	$12,250,292	-$4,492,938 -$796,269	$6,961,085
29	$12,862,872	-$4,719,593 -$836,087	$7,307,192
30	$13,505,972	-$4,957,540 -$877,888	$7,670,544