West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(6.5%)	$13,793,000
Net Lumpsum Payment	$119,932,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$467,635	$4,104,493
2	$7,554,312	-$2,755,426 -$491,030	$4,307,856
3	$7,931,932	-$2,895,145 -$515,576	$4,521,211
4	$8,328,672	-$3,041,939 -$541,364	$4,745,369
5	$8,745,010	-$3,195,984 -$568,426	$4,980,600
6	$9,182,380	-$3,357,811 -$596,855	$5,227,714
7	$9,641,260	-$3,527,597 -$626,682	$5,486,981
8	$10,123,562	-$3,706,048 -$658,032	$5,759,482
9	$10,629,764	-$3,893,343 -$690,935	$6,045,486
10	$11,161,300	-$4,090,011 -$725,485	$6,345,804
11	$11,719,126	-$4,296,407 -$761,743	$6,660,976
12	$12,305,154	-$4,513,237 -$799,835	$6,992,082
13	$12,920,340	-$4,740,856 -$839,822	$7,339,662
14	$13,566,596	-$4,979,971 -$881,829	$7,704,796
15	$14,244,878	-$5,230,935 -$925,917	$8,088,026
16	$14,957,098	-$5,494,457 -$972,211	$8,490,430
17	$15,704,690	-$5,771,066 -$1,020,805	$8,912,819
18	$16,490,044	-$6,061,647 -$1,071,853	$9,356,544
19	$17,314,594	-$6,366,730 -$1,125,449	$9,822,415
20	$18,180,252	-$6,687,024 -$1,181,716	$10,311,512
21	$19,089,408	-$7,023,411 -$1,240,812	$10,825,185
22	$20,043,974	-$7,376,601 -$1,302,858	$11,364,515
23	$21,045,862	-$7,747,299 -$1,367,981	$11,930,582
24	$22,098,418	-$8,136,745 -$1,436,397	$12,525,276
25	$23,203,076	-$8,545,469 -$1,508,200	$13,149,407
26	$24,363,660	-$8,974,885 -$1,583,638	$13,805,137
27	$25,581,604	-$9,425,524 -$1,662,804	$14,493,276
28	$26,860,732	-$9,898,801 -$1,745,948	$15,215,983
29	$28,203,912	-$10,395,778 -$1,833,254	$15,974,880
30	$29,614,012	-$10,917,515 -$1,924,911	$16,771,586