West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(6.5%)	$1,378,000
Net Lumpsum Payment	$12,017,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$45,002	$430,846
2	$726,984	-$229,314 -$47,254	$450,416
3	$763,324	-$242,760 -$49,616	$470,948
4	$801,504	-$256,887 -$52,098	$492,519
5	$841,570	-$271,711 -$54,702	$515,157
6	$883,660	-$287,285 -$57,438	$538,937
7	$927,820	-$303,624 -$60,308	$563,888
8	$974,234	-$320,797 -$63,325	$590,112
9	$1,022,948	-$338,821 -$66,492	$617,635
10	$1,074,100	-$357,747 -$69,817	$646,536
11	$1,127,782	-$377,610 -$73,306	$676,866
12	$1,184,178	-$398,476 -$76,972	$708,730
13	$1,243,380	-$420,381 -$80,820	$742,179
14	$1,305,572	-$443,392 -$84,862	$777,318
15	$1,370,846	-$467,543 -$89,105	$814,198
16	$1,439,386	-$492,903 -$93,560	$852,923
17	$1,511,330	-$519,522 -$98,236	$893,572
18	$1,586,908	-$547,486 -$103,149	$936,273
19	$1,666,258	-$576,846 -$108,307	$981,105
20	$1,749,564	-$607,669 -$113,722	$1,028,173
21	$1,837,056	-$640,041 -$119,409	$1,077,606
22	$1,928,918	-$674,030 -$125,380	$1,129,508
23	$2,025,334	-$709,704 -$131,647	$1,183,983
24	$2,126,626	-$747,182 -$138,231	$1,241,213
25	$2,232,932	-$786,515 -$145,141	$1,301,276
26	$2,344,620	-$827,840 -$152,400	$1,364,380
27	$2,461,828	-$871,207 -$160,019	$1,430,602
28	$2,584,924	-$916,752 -$168,020	$1,500,152
29	$2,714,184	-$964,578 -$176,422	$1,573,184
30	$2,849,884	-$1,014,787 -$185,242	$1,649,855