West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 17, 2026 is estimated to be $35 Million, with a cash option of 15.2 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 Aug 17, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 17, 2026	$35,000,000	$15,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,200,000
Federal Tax(24%)	$3,648,000
Additional Federal Tax	$1,936,330
State Tax(6.5%)	$988,000
Net Lumpsum Payment	$8,627,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$34,241	$337,303
2	$553,140	-$164,992 -$35,954	$352,194
3	$580,790	-$175,223 -$37,751	$367,816
4	$609,840	-$185,971 -$39,640	$384,229
5	$640,325	-$197,251 -$41,621	$401,453
6	$672,350	-$209,100 -$43,703	$419,547
7	$705,950	-$221,532 -$45,887	$438,531
8	$741,265	-$234,598 -$48,182	$458,485
9	$778,330	-$248,312 -$50,591	$479,427
10	$817,250	-$262,713 -$53,121	$501,416
11	$858,095	-$277,826 -$55,776	$524,493
12	$901,005	-$293,702 -$58,565	$548,738
13	$946,050	-$310,369 -$61,493	$574,188
14	$993,370	-$327,877 -$64,569	$600,924
15	$1,043,035	-$346,253 -$67,797	$628,985
16	$1,095,185	-$365,549 -$71,187	$658,449
17	$1,149,925	-$385,803 -$74,745	$689,377
18	$1,207,430	-$407,079 -$78,483	$721,868
19	$1,267,805	-$429,418 -$82,407	$755,980
20	$1,331,190	-$452,871 -$86,527	$791,792
21	$1,397,760	-$477,502 -$90,854	$829,404
22	$1,467,655	-$503,363 -$95,398	$868,894
23	$1,541,015	-$530,506 -$100,166	$910,343
24	$1,618,085	-$559,022 -$105,176	$953,887
25	$1,698,970	-$588,949 -$110,433	$999,588
26	$1,783,950	-$620,392 -$115,957	$1,047,601
27	$1,873,130	-$653,388 -$121,753	$1,097,989
28	$1,966,790	-$688,043 -$127,841	$1,150,906
29	$2,065,140	-$724,432 -$134,234	$1,206,474
30	$2,168,390	-$762,635 -$140,945	$1,264,810