West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(6.5%)	$12,577,500
Net Lumpsum Payment	$109,367,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$416,762	$3,662,295
2	$6,732,504	-$2,451,357 -$437,613	$3,843,534
3	$7,069,044	-$2,575,877 -$459,488	$4,033,679
4	$7,422,624	-$2,706,701 -$482,471	$4,233,452
5	$7,793,670	-$2,843,988 -$506,589	$4,443,093
6	$8,183,460	-$2,988,211 -$531,925	$4,663,324
7	$8,592,420	-$3,139,526 -$558,507	$4,894,387
8	$9,022,254	-$3,298,564 -$586,447	$5,137,243
9	$9,473,388	-$3,465,484 -$615,770	$5,392,134
10	$9,947,100	-$3,640,757 -$646,562	$5,659,781
11	$10,444,242	-$3,824,700 -$678,876	$5,940,666
12	$10,966,518	-$4,017,942 -$712,824	$6,235,752
13	$11,514,780	-$4,220,799 -$748,461	$6,545,520
14	$12,090,732	-$4,433,901 -$785,898	$6,870,933
15	$12,695,226	-$4,657,564 -$825,190	$7,212,472
16	$13,329,966	-$4,892,418 -$866,448	$7,571,100
17	$13,996,230	-$5,138,935 -$909,755	$7,947,540
18	$14,696,148	-$5,397,905 -$955,250	$8,342,993
19	$15,430,998	-$5,669,800 -$1,003,015	$8,758,183
20	$16,202,484	-$5,955,249 -$1,053,161	$9,194,074
21	$17,012,736	-$6,255,043 -$1,105,828	$9,651,865
22	$17,863,458	-$6,569,810 -$1,161,125	$10,132,523
23	$18,756,354	-$6,900,181 -$1,219,163	$10,637,010
24	$19,694,406	-$7,247,261 -$1,280,136	$11,167,009
25	$20,678,892	-$7,611,520 -$1,344,128	$11,723,244
26	$21,713,220	-$7,994,222 -$1,411,359	$12,307,639
27	$22,798,668	-$8,395,838 -$1,481,913	$12,920,917
28	$23,938,644	-$8,817,629 -$1,556,012	$13,565,003
29	$25,135,704	-$9,260,541 -$1,633,821	$14,241,342
30	$26,392,404	-$9,725,520 -$1,715,506	$14,951,378