West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 2, 2026 is estimated to be $65 Million, with a cash option of 29.4 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 Mon Feb 2, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 2, 2026	$65,000,000	$29,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,400,000
Federal Tax(24%)	$7,056,000
Additional Federal Tax	$3,782,330
State Tax(6.5%)	$1,911,000
Net Lumpsum Payment	$16,650,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$978,315	-$322,307 -$63,590	$592,418
2	$1,027,260	-$340,417 -$66,772	$620,071
3	$1,078,610	-$359,416 -$70,110	$649,084
4	$1,132,560	-$379,378 -$73,616	$679,566
5	$1,189,175	-$400,325 -$77,296	$711,554
6	$1,248,650	-$422,331 -$81,162	$745,157
7	$1,311,050	-$445,419 -$85,218	$780,413
8	$1,376,635	-$469,685 -$89,481	$817,469
9	$1,445,470	-$495,154 -$93,956	$856,360
10	$1,517,750	-$521,898 -$98,654	$897,198
11	$1,593,605	-$549,964 -$103,584	$940,057
12	$1,673,295	-$579,450 -$108,764	$985,081
13	$1,756,950	-$610,402 -$114,202	$1,032,346
14	$1,844,830	-$642,917 -$119,914	$1,081,999
15	$1,937,065	-$677,044 -$125,909	$1,134,112
16	$2,033,915	-$712,879 -$132,204	$1,188,832
17	$2,135,575	-$750,493 -$138,812	$1,246,270
18	$2,242,370	-$790,007 -$145,754	$1,306,609
19	$2,354,495	-$831,494 -$153,042	$1,369,959
20	$2,472,210	-$875,048 -$160,694	$1,436,468
21	$2,595,840	-$920,791 -$168,730	$1,506,319
22	$2,725,645	-$968,819 -$177,167	$1,579,659
23	$2,861,885	-$1,019,228 -$186,023	$1,656,634
24	$3,005,015	-$1,072,186 -$195,326	$1,737,503
25	$3,155,230	-$1,127,765 -$205,090	$1,822,375
26	$3,313,050	-$1,186,159 -$215,348	$1,911,543
27	$3,478,670	-$1,247,438 -$226,114	$2,005,118
28	$3,652,610	-$1,311,796 -$237,420	$2,103,394
29	$3,835,260	-$1,379,377 -$249,292	$2,206,591
30	$4,027,010	-$1,450,324 -$261,756	$2,314,930