West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 7, 2026 is estimated to be $190 Million, with a cash option of 81.9 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 Mon Sep 7, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 7, 2026	$190,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(6.5%)	$5,323,500
Net Lumpsum Payment	$46,313,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$185,880	$1,655,394
2	$3,002,760	-$1,071,352 -$195,179	$1,736,229
3	$3,152,860	-$1,126,889 -$204,936	$1,821,035
4	$3,310,560	-$1,185,238 -$215,186	$1,910,136
5	$3,476,050	-$1,246,469 -$225,943	$2,003,638
6	$3,649,900	-$1,310,793 -$237,244	$2,101,863
7	$3,832,300	-$1,378,281 -$249,100	$2,204,919
8	$4,024,010	-$1,449,214 -$261,561	$2,313,235
9	$4,225,220	-$1,523,662 -$274,639	$2,426,919
10	$4,436,500	-$1,601,835 -$288,373	$2,546,292
11	$4,658,230	-$1,683,875 -$302,785	$2,671,570
12	$4,891,170	-$1,770,063 -$317,926	$2,803,181
13	$5,135,700	-$1,860,539 -$333,821	$2,941,340
14	$5,392,580	-$1,955,585 -$350,518	$3,086,477
15	$5,662,190	-$2,055,341 -$368,042	$3,238,807
16	$5,945,290	-$2,160,088 -$386,444	$3,398,758
17	$6,242,450	-$2,270,037 -$405,759	$3,566,654
18	$6,554,620	-$2,385,540 -$426,050	$3,743,030
19	$6,882,370	-$2,506,807 -$447,354	$3,928,209
20	$7,226,460	-$2,634,121 -$469,720	$4,122,619
21	$7,587,840	-$2,767,831 -$493,210	$4,326,799
22	$7,967,270	-$2,908,220 -$517,873	$4,541,177
23	$8,365,510	-$3,055,569 -$543,758	$4,766,183
24	$8,783,890	-$3,210,370 -$570,953	$5,002,567
25	$9,222,980	-$3,372,833 -$599,494	$5,250,653
26	$9,684,300	-$3,543,521 -$629,480	$5,511,299
27	$10,168,420	-$3,722,646 -$660,947	$5,784,827
28	$10,676,860	-$3,910,769 -$693,996	$6,072,095
29	$11,210,760	-$4,108,312 -$728,699	$6,373,749
30	$11,771,260	-$4,315,697 -$765,132	$6,690,431