West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(6.5%)	$1,917,500
Net Lumpsum Payment	$16,707,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$62,612	$583,914
2	$1,011,456	-$334,569 -$65,745	$611,142
3	$1,062,016	-$353,276 -$69,031	$639,709
4	$1,115,136	-$372,931 -$72,484	$669,721
5	$1,170,880	-$393,556 -$76,107	$701,217
6	$1,229,440	-$415,223 -$79,914	$734,303
7	$1,290,880	-$437,956 -$83,907	$769,017
8	$1,355,456	-$461,849 -$88,105	$805,502
9	$1,423,232	-$486,926 -$92,510	$843,796
10	$1,494,400	-$513,258 -$97,136	$884,006
11	$1,569,088	-$540,893 -$101,991	$926,204
12	$1,647,552	-$569,925 -$107,091	$970,536
13	$1,729,920	-$600,401 -$112,445	$1,017,074
14	$1,816,448	-$632,416 -$118,069	$1,065,963
15	$1,907,264	-$666,018 -$123,972	$1,117,274
16	$2,002,624	-$701,301 -$130,171	$1,171,152
17	$2,102,720	-$738,337 -$136,677	$1,227,706
18	$2,207,872	-$777,243 -$143,512	$1,287,117
19	$2,318,272	-$818,091 -$150,688	$1,349,493
20	$2,434,176	-$860,976 -$158,221	$1,414,979
21	$2,555,904	-$906,015 -$166,134	$1,483,755
22	$2,683,712	-$953,304 -$174,441	$1,555,967
23	$2,817,856	-$1,002,937 -$183,161	$1,631,758
24	$2,958,784	-$1,055,080 -$192,321	$1,711,383
25	$3,106,688	-$1,109,805 -$201,935	$1,794,948
26	$3,262,080	-$1,167,300 -$212,035	$1,882,745
27	$3,425,152	-$1,227,637 -$222,635	$1,974,880
28	$3,596,416	-$1,291,004 -$233,767	$2,071,645
29	$3,776,256	-$1,357,545 -$245,457	$2,173,254
30	$3,965,056	-$1,427,401 -$257,729	$2,279,926