West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 17, 2026 is estimated to be $283 Million, with a cash option of 126.8 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 Jun 17, 2026

Draw Date	Jackpot	Cash Option
Wed Jun 17, 2026	$283,000,000	$126,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,800,000
Federal Tax(24%)	$30,432,000
Additional Federal Tax	$16,444,330
State Tax(6.5%)	$8,242,000
Net Lumpsum Payment	$71,681,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,259,433	-$1,536,321 -$276,863	$2,446,249
2	$4,472,532	-$1,615,167 -$290,715	$2,566,650
3	$4,696,102	-$1,697,888 -$305,247	$2,692,967
4	$4,930,992	-$1,784,797 -$320,514	$2,825,681
5	$5,177,485	-$1,876,000 -$336,537	$2,964,948
6	$5,436,430	-$1,971,809 -$353,368	$3,111,253
7	$5,708,110	-$2,072,331 -$371,027	$3,264,752
8	$5,993,657	-$2,177,983 -$389,588	$3,426,086
9	$6,293,354	-$2,288,871 -$409,068	$3,595,415
10	$6,608,050	-$2,405,309 -$429,523	$3,773,218
11	$6,938,311	-$2,527,505 -$450,990	$3,959,816
12	$7,285,269	-$2,655,880 -$473,542	$4,155,847
13	$7,649,490	-$2,790,642 -$497,217	$4,361,631
14	$8,032,106	-$2,932,210 -$522,087	$4,577,809
15	$8,433,683	-$3,080,793 -$548,189	$4,804,701
16	$8,855,353	-$3,236,811 -$575,598	$5,042,944
17	$9,297,965	-$3,400,577 -$604,368	$5,293,020
18	$9,762,934	-$3,572,616 -$634,591	$5,555,727
19	$10,251,109	-$3,753,241 -$666,322	$5,831,546
20	$10,763,622	-$3,942,871 -$699,635	$6,121,116
21	$11,301,888	-$4,142,029 -$734,623	$6,425,236
22	$11,867,039	-$4,351,135 -$771,358	$6,744,546
23	$12,460,207	-$4,570,607 -$809,913	$7,079,687
24	$13,083,373	-$4,801,178 -$850,419	$7,431,776
25	$13,737,386	-$5,043,163 -$892,930	$7,801,293
26	$14,424,510	-$5,297,399 -$937,593	$8,189,518
27	$15,145,594	-$5,564,200 -$984,464	$8,596,930
28	$15,902,902	-$5,844,404 -$1,033,689	$9,024,809
29	$16,698,132	-$6,138,639 -$1,085,379	$9,474,114
30	$17,532,982	-$6,447,534 -$1,139,644	$9,945,804