West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(6.5%)	$2,645,500
Net Lumpsum Payment	$23,035,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$88,048	$805,013
2	$1,422,360	-$486,604 -$92,453	$843,303
3	$1,493,460	-$512,911 -$97,075	$883,474
4	$1,568,160	-$540,550 -$101,930	$925,680
5	$1,646,550	-$569,554 -$107,026	$969,970
6	$1,728,900	-$600,023 -$112,379	$1,016,498
7	$1,815,300	-$631,991 -$117,995	$1,065,314
8	$1,906,110	-$665,591 -$123,897	$1,116,622
9	$2,001,420	-$700,856 -$130,092	$1,170,472
10	$2,101,500	-$737,885 -$136,598	$1,227,017
11	$2,206,530	-$776,746 -$143,424	$1,286,360
12	$2,316,870	-$817,572 -$150,597	$1,348,701
13	$2,432,700	-$860,429 -$158,126	$1,414,145
14	$2,554,380	-$905,451 -$166,035	$1,482,894
15	$2,682,090	-$952,704 -$174,336	$1,555,050
16	$2,816,190	-$1,002,321 -$183,052	$1,630,817
17	$2,956,950	-$1,054,402 -$192,202	$1,710,346
18	$3,104,820	-$1,109,114 -$201,813	$1,793,893
19	$3,260,070	-$1,166,556 -$211,905	$1,881,609
20	$3,423,060	-$1,226,863 -$222,499	$1,973,698
21	$3,594,240	-$1,290,199 -$233,626	$2,070,415
22	$3,773,970	-$1,356,699 -$245,308	$2,171,963
23	$3,962,610	-$1,426,496 -$257,570	$2,278,544
24	$4,160,790	-$1,499,823 -$270,451	$2,390,516
25	$4,368,780	-$1,576,779 -$283,971	$2,508,030
26	$4,587,300	-$1,657,631 -$298,175	$2,631,494
27	$4,816,620	-$1,742,480 -$313,080	$2,761,060
28	$5,057,460	-$1,831,591 -$328,735	$2,897,134
29	$5,310,360	-$1,925,164 -$345,173	$3,040,023
30	$5,575,860	-$2,023,399 -$362,431	$3,190,030