West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Mon Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(6.5%)	$2,580,500
Net Lumpsum Payment	$22,470,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$85,113	$779,502
2	$1,374,948	-$469,061 -$89,372	$816,515
3	$1,443,678	-$494,491 -$93,839	$855,348
4	$1,515,888	-$521,209 -$98,533	$896,146
5	$1,591,665	-$549,246 -$103,458	$938,961
6	$1,671,270	-$578,700 -$108,633	$983,937
7	$1,754,790	-$609,603 -$114,061	$1,031,126
8	$1,842,573	-$642,082 -$119,767	$1,080,724
9	$1,934,706	-$676,172 -$125,756	$1,132,778
10	$2,031,450	-$711,967 -$132,044	$1,187,439
11	$2,132,979	-$749,533 -$138,644	$1,244,802
12	$2,239,641	-$788,998 -$145,577	$1,305,066
13	$2,351,610	-$830,426 -$152,855	$1,368,329
14	$2,469,234	-$873,947 -$160,500	$1,434,787
15	$2,592,687	-$919,625 -$168,525	$1,504,537
16	$2,722,317	-$967,588 -$176,951	$1,577,778
17	$2,858,385	-$1,017,933 -$185,795	$1,654,657
18	$3,001,326	-$1,070,821 -$195,086	$1,735,419
19	$3,151,401	-$1,126,349 -$204,841	$1,820,211
20	$3,308,958	-$1,184,645 -$215,082	$1,909,231
21	$3,474,432	-$1,245,870 -$225,838	$2,002,724
22	$3,648,171	-$1,310,154 -$237,131	$2,100,886
23	$3,830,523	-$1,377,624 -$248,984	$2,203,915
24	$4,022,097	-$1,448,506 -$261,436	$2,312,155
25	$4,223,154	-$1,522,897 -$274,505	$2,425,752
26	$4,434,390	-$1,601,055 -$288,235	$2,545,100
27	$4,656,066	-$1,683,075 -$302,644	$2,670,347
28	$4,888,878	-$1,769,215 -$317,777	$2,801,886
29	$5,133,348	-$1,859,669 -$333,668	$2,940,011
30	$5,389,998	-$1,954,630 -$350,350	$3,085,018