West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 24, 2026 is estimated to be $20 Million, with a cash option of 9.1 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 24, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 24, 2026	$20,000,000	$9,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$9,100,000
Federal Tax(24%)	$2,184,000
Additional Federal Tax	$1,143,330
State Tax(6.5%)	$591,500
Net Lumpsum Payment	$5,181,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$301,020	-$71,708 -$19,566	$209,746
2	$316,080	-$77,280 -$20,545	$218,255
3	$331,880	-$83,126 -$21,572	$227,182
4	$348,480	-$89,268 -$22,651	$236,561
5	$365,900	-$95,713 -$23,784	$246,403
6	$384,200	-$102,484 -$24,973	$256,743
7	$403,400	-$109,588 -$26,221	$267,591
8	$423,580	-$117,055 -$27,533	$278,992
9	$444,760	-$124,892 -$28,909	$290,959
10	$467,000	-$133,120 -$30,355	$303,525
11	$490,340	-$141,756 -$31,872	$316,712
12	$514,860	-$150,829 -$33,466	$330,565
13	$540,600	-$160,352 -$35,139	$345,109
14	$567,640	-$170,357 -$36,897	$360,386
15	$596,020	-$180,858 -$38,741	$376,421
16	$625,820	-$191,884 -$40,678	$393,258
17	$657,100	-$203,457 -$42,712	$410,931
18	$689,960	-$215,616 -$44,847	$429,497
19	$724,460	-$228,381 -$47,090	$448,989
20	$760,680	-$241,782 -$49,444	$469,454
21	$798,720	-$255,857 -$51,917	$490,946
22	$838,660	-$270,635 -$54,513	$513,512
23	$880,580	-$286,145 -$57,238	$537,197
24	$924,620	-$302,440 -$60,100	$562,080
25	$970,840	-$319,541 -$63,105	$588,194
26	$1,019,400	-$337,508 -$66,261	$615,631
27	$1,070,360	-$356,364 -$69,573	$644,423
28	$1,123,880	-$376,166 -$73,052	$674,662
29	$1,180,080	-$396,960 -$76,705	$706,415
30	$1,239,080	-$418,790 -$80,540	$739,750