West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 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 Jun 7, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 7, 2025	$44,000,000	$19,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,700,000
Federal Tax(24%)	$4,728,000
Additional Federal Tax	$2,521,330
State Tax(6.5%)	$1,280,500
Net Lumpsum Payment	$11,170,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$662,244	-$205,361 -$43,046	$413,837
2	$695,376	-$217,620 -$45,199	$432,557
3	$730,136	-$230,481 -$47,459	$452,196
4	$766,656	-$243,993 -$49,833	$472,830
5	$804,980	-$258,173 -$52,324	$494,483
6	$845,240	-$273,069 -$54,941	$517,230
7	$887,480	-$288,698 -$57,686	$541,096
8	$931,876	-$305,125 -$60,572	$566,179
9	$978,472	-$322,365 -$63,601	$592,506
10	$1,027,400	-$340,468 -$66,781	$620,151
11	$1,078,748	-$359,467 -$70,119	$649,162
12	$1,132,692	-$379,426 -$73,625	$679,641
13	$1,189,320	-$400,379 -$77,306	$711,635
14	$1,248,808	-$422,389 -$81,173	$745,246
15	$1,311,244	-$445,491 -$85,231	$780,522
16	$1,376,804	-$469,748 -$89,492	$817,564
17	$1,445,620	-$495,210 -$93,965	$856,445
18	$1,517,912	-$521,958 -$98,664	$897,290
19	$1,593,812	-$550,041 -$103,598	$940,173
20	$1,673,496	-$579,524 -$108,777	$985,195
21	$1,757,184	-$610,488 -$114,217	$1,032,479
22	$1,845,052	-$643,000 -$119,928	$1,082,124
23	$1,937,276	-$677,123 -$125,923	$1,134,230
24	$2,034,164	-$712,971 -$132,221	$1,188,972
25	$2,135,848	-$750,594 -$138,830	$1,246,424
26	$2,242,680	-$790,122 -$145,774	$1,306,784
27	$2,354,792	-$831,603 -$153,061	$1,370,128
28	$2,472,536	-$875,169 -$160,715	$1,436,652
29	$2,596,176	-$920,916 -$168,751	$1,506,509
30	$2,725,976	-$968,942 -$177,188	$1,579,846