West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 9, 2025 is estimated to be $482 Million, with a cash option of 218.9 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 9, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 9, 2025	$482,000,000	$218,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$218,900,000
Federal Tax(24%)	$52,536,000
Additional Federal Tax	$28,417,330
State Tax(6.5%)	$14,228,500
Net Lumpsum Payment	$123,718,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,254,582	-$2,644,526 -$471,548	$4,138,508
2	$7,617,528	-$2,778,816 -$495,139	$4,343,573
3	$7,998,308	-$2,919,704 -$519,890	$4,558,714
4	$8,398,368	-$3,067,727 -$545,894	$4,784,747
5	$8,818,190	-$3,223,061 -$573,182	$5,021,947
6	$9,259,220	-$3,386,242 -$601,849	$5,271,129
7	$9,721,940	-$3,557,448 -$631,926	$5,532,566
8	$10,208,278	-$3,737,393 -$663,538	$5,807,347
9	$10,718,716	-$3,926,255 -$696,717	$6,095,744
10	$11,254,700	-$4,124,569 -$731,556	$6,398,575
11	$11,817,194	-$4,332,692 -$768,118	$6,716,384
12	$12,408,126	-$4,551,337 -$806,528	$7,050,261
13	$13,028,460	-$4,780,861 -$846,850	$7,400,749
14	$13,680,124	-$5,021,976 -$889,208	$7,768,940
15	$14,364,082	-$5,275,041 -$933,665	$8,155,376
16	$15,082,262	-$5,540,767 -$980,347	$8,561,148
17	$15,836,110	-$5,819,691 -$1,029,347	$8,987,072
18	$16,628,036	-$6,112,704 -$1,080,822	$9,434,510
19	$17,459,486	-$6,420,340 -$1,134,867	$9,904,279
20	$18,332,388	-$6,743,314 -$1,191,605	$10,397,469
21	$19,249,152	-$7,082,517 -$1,251,195	$10,915,440
22	$20,211,706	-$7,438,662 -$1,313,761	$11,459,283
23	$21,221,978	-$7,812,462 -$1,379,429	$12,030,087
24	$22,283,342	-$8,205,167 -$1,448,417	$12,629,758
25	$23,397,244	-$8,617,311 -$1,520,821	$13,259,112
26	$24,567,540	-$9,050,320 -$1,596,890	$13,920,330
27	$25,795,676	-$9,504,731 -$1,676,719	$14,614,226
28	$27,085,508	-$9,981,968 -$1,760,558	$15,342,982
29	$28,439,928	-$10,483,104 -$1,848,595	$16,108,229
30	$29,861,828	-$11,009,207 -$1,941,019	$16,911,602