West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(6.5%)	$10,224,500
Net Lumpsum Payment	$88,914,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$327,736	$2,888,447
2	$5,294,340	-$1,919,236 -$344,132	$3,030,972
3	$5,558,990	-$2,017,157 -$361,334	$3,180,499
4	$5,837,040	-$2,120,035 -$379,408	$3,337,597
5	$6,128,825	-$2,227,996 -$398,374	$3,502,455
6	$6,435,350	-$2,341,410 -$418,298	$3,675,642
7	$6,756,950	-$2,460,402 -$439,202	$3,857,346
8	$7,094,965	-$2,585,467 -$461,173	$4,048,325
9	$7,449,730	-$2,716,730 -$484,232	$4,248,768
10	$7,822,250	-$2,854,563 -$508,446	$4,459,241
11	$8,213,195	-$2,999,213 -$533,858	$4,680,124
12	$8,623,905	-$3,151,175 -$560,554	$4,912,176
13	$9,055,050	-$3,310,699 -$588,578	$5,155,773
14	$9,507,970	-$3,478,279 -$618,018	$5,411,673
15	$9,983,335	-$3,654,164 -$648,917	$5,680,254
16	$10,482,485	-$3,838,850 -$681,362	$5,962,273
17	$11,006,425	-$4,032,708 -$715,418	$6,258,299
18	$11,556,830	-$4,236,357 -$751,194	$6,569,279
19	$12,134,705	-$4,450,171 -$788,756	$6,895,778
20	$12,741,390	-$4,674,645 -$828,190	$7,238,555
21	$13,378,560	-$4,910,398 -$869,606	$7,598,556
22	$14,047,555	-$5,157,926 -$913,091	$7,976,538
23	$14,749,715	-$5,417,725 -$958,731	$8,373,259
24	$15,487,385	-$5,690,663 -$1,006,680	$8,790,042
25	$16,261,570	-$5,977,111 -$1,057,002	$9,227,457
26	$17,074,950	-$6,278,062 -$1,109,872	$9,687,016
27	$17,928,530	-$6,593,886 -$1,165,354	$10,169,290
28	$18,824,990	-$6,925,577 -$1,223,624	$10,675,789
29	$19,766,340	-$7,273,876 -$1,284,812	$11,207,652
30	$20,754,590	-$7,639,529 -$1,349,048	$11,766,013