Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 Virginia, your state will take 4% 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.

Virginia Powerball Jackpot/Cash Option for Mon May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(4%)	$1,028,000
Net Lumpsum Payment	$15,202,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$34,316	$545,835
2	$900,828	-$293,637 -$36,033	$571,158
3	$945,858	-$310,298 -$37,834	$597,726
4	$993,168	-$327,803 -$39,727	$625,638
5	$1,042,815	-$346,172 -$41,713	$654,930
6	$1,094,970	-$365,469 -$43,799	$685,702
7	$1,149,690	-$385,716 -$45,988	$717,986
8	$1,207,203	-$406,995 -$48,288	$751,920
9	$1,267,566	-$429,330 -$50,703	$787,533
10	$1,330,950	-$452,782 -$53,238	$824,930
11	$1,397,469	-$477,394 -$55,899	$864,176
12	$1,467,351	-$503,250 -$58,694	$905,407
13	$1,540,710	-$530,393 -$61,628	$948,689
14	$1,617,774	-$558,907 -$64,711	$994,156
15	$1,698,657	-$588,833 -$67,946	$1,041,878
16	$1,783,587	-$620,258 -$71,343	$1,091,986
17	$1,872,735	-$653,242 -$74,909	$1,144,584
18	$1,966,386	-$687,893 -$78,655	$1,199,838
19	$2,064,711	-$724,273 -$82,588	$1,257,850
20	$2,167,938	-$762,467 -$86,718	$1,318,753
21	$2,276,352	-$802,581 -$91,054	$1,382,717
22	$2,390,181	-$844,697 -$95,607	$1,449,877
23	$2,509,653	-$888,902 -$100,386	$1,520,365
24	$2,635,167	-$935,342 -$105,407	$1,594,418
25	$2,766,894	-$984,081 -$110,676	$1,672,137
26	$2,905,290	-$1,035,288 -$116,212	$1,753,790
27	$3,050,526	-$1,089,025 -$122,021	$1,839,480
28	$3,203,058	-$1,145,462 -$128,122	$1,929,474
29	$3,363,228	-$1,204,725 -$134,529	$2,023,974
30	$3,531,378	-$1,266,940 -$141,255	$2,123,183