West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(6.5%)	$2,262,000
Net Lumpsum Payment	$19,701,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$79,244	$728,478
2	$1,280,124	-$433,976 -$83,208	$762,940
3	$1,344,114	-$457,653 -$87,367	$799,094
4	$1,411,344	-$482,528 -$91,737	$837,079
5	$1,481,895	-$508,632 -$96,323	$876,940
6	$1,556,010	-$536,054 -$101,141	$918,815
7	$1,633,770	-$564,825 -$106,195	$962,750
8	$1,715,499	-$595,065 -$111,507	$1,008,927
9	$1,801,278	-$626,803 -$117,083	$1,057,392
10	$1,891,350	-$660,130 -$122,938	$1,108,282
11	$1,985,877	-$695,105 -$129,082	$1,161,690
12	$2,085,183	-$731,848 -$135,537	$1,217,798
13	$2,189,430	-$770,419 -$142,313	$1,276,698
14	$2,298,942	-$810,939 -$149,431	$1,338,572
15	$2,413,881	-$853,466 -$156,902	$1,403,513
16	$2,534,571	-$898,122 -$164,747	$1,471,702
17	$2,661,255	-$944,995 -$172,982	$1,543,278
18	$2,794,338	-$994,235 -$181,632	$1,618,471
19	$2,934,063	-$1,045,934 -$190,714	$1,697,415
20	$3,080,754	-$1,100,209 -$200,249	$1,780,296
21	$3,234,816	-$1,157,212 -$210,263	$1,867,341
22	$3,396,573	-$1,217,062 -$220,777	$1,958,734
23	$3,566,349	-$1,279,880 -$231,813	$2,054,656
24	$3,744,711	-$1,345,873 -$243,406	$2,155,432
25	$3,931,902	-$1,415,134 -$255,574	$2,261,194
26	$4,128,570	-$1,487,901 -$268,357	$2,372,312
27	$4,334,958	-$1,564,265 -$281,772	$2,488,921
28	$4,551,714	-$1,644,465 -$295,861	$2,611,388
29	$4,779,324	-$1,728,680 -$310,656	$2,739,988
30	$5,018,274	-$1,817,092 -$326,188	$2,874,994