West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(6.5%)	$4,693,000
Net Lumpsum Payment	$40,832,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$150,661	$1,349,257
2	$2,433,816	-$860,842 -$158,198	$1,414,776
3	$2,555,476	-$905,857 -$166,106	$1,483,513
4	$2,683,296	-$953,150 -$174,414	$1,555,732
5	$2,817,430	-$1,002,779 -$183,133	$1,631,518
6	$2,958,340	-$1,054,916 -$192,292	$1,711,132
7	$3,106,180	-$1,109,617 -$201,902	$1,794,661
8	$3,261,566	-$1,167,110 -$212,002	$1,882,454
9	$3,424,652	-$1,227,452 -$222,602	$1,974,598
10	$3,595,900	-$1,290,813 -$233,734	$2,071,353
11	$3,775,618	-$1,357,309 -$245,415	$2,172,894
12	$3,964,422	-$1,427,167 -$257,687	$2,279,568
13	$4,162,620	-$1,500,500 -$270,570	$2,391,550
14	$4,370,828	-$1,577,537 -$284,104	$2,509,187
15	$4,589,354	-$1,658,391 -$298,308	$2,632,655
16	$4,818,814	-$1,743,292 -$313,223	$2,762,299
17	$5,059,670	-$1,832,408 -$328,879	$2,898,383
18	$5,312,692	-$1,926,026 -$345,325	$3,041,341
19	$5,578,342	-$2,024,317 -$362,592	$3,191,433
20	$5,857,236	-$2,127,508 -$380,720	$3,349,008
21	$6,150,144	-$2,235,884 -$399,759	$3,514,501
22	$6,457,682	-$2,349,673 -$419,749	$3,688,260
23	$6,780,466	-$2,469,103 -$440,730	$3,870,633
24	$7,119,574	-$2,594,573 -$462,772	$4,062,229
25	$7,475,468	-$2,726,254 -$485,905	$4,263,309
26	$7,849,380	-$2,864,601 -$510,210	$4,474,569
27	$8,241,772	-$3,009,786 -$535,715	$4,696,271
28	$8,653,876	-$3,162,265 -$562,502	$4,929,109
29	$9,086,616	-$3,322,378 -$590,630	$5,173,608
30	$9,540,916	-$3,490,469 -$620,160	$5,430,287