West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(6.5%)	$4,914,000
Net Lumpsum Payment	$42,753,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$168,270	$1,502,326
2	$2,718,288	-$966,097 -$176,689	$1,575,502
3	$2,854,168	-$1,016,373 -$185,521	$1,652,274
4	$2,996,928	-$1,069,194 -$194,800	$1,732,934
5	$3,146,740	-$1,124,624 -$204,538	$1,817,578
6	$3,304,120	-$1,182,855 -$214,768	$1,906,497
7	$3,469,240	-$1,243,949 -$225,501	$1,999,790
8	$3,642,788	-$1,308,162 -$236,781	$2,097,845
9	$3,824,936	-$1,375,557 -$248,621	$2,200,758
10	$4,016,200	-$1,446,324 -$261,053	$2,308,823
11	$4,216,924	-$1,520,592 -$274,100	$2,422,232
12	$4,427,796	-$1,598,615 -$287,807	$2,541,374
13	$4,649,160	-$1,680,520 -$302,195	$2,666,445
14	$4,881,704	-$1,766,561 -$317,311	$2,797,832
15	$5,125,772	-$1,856,866 -$333,175	$2,935,731
16	$5,382,052	-$1,951,690 -$349,833	$3,080,529
17	$5,651,060	-$2,051,223 -$367,319	$3,232,518
18	$5,933,656	-$2,155,783 -$385,688	$3,392,185
19	$6,230,356	-$2,265,562 -$404,973	$3,559,821
20	$6,541,848	-$2,380,814 -$425,220	$3,735,814
21	$6,868,992	-$2,501,857 -$446,484	$3,920,651
22	$7,212,476	-$2,628,947 -$468,811	$4,114,718
23	$7,572,988	-$2,762,336 -$492,244	$4,318,408
24	$7,951,732	-$2,902,471 -$516,863	$4,532,398
25	$8,349,224	-$3,049,543 -$542,700	$4,756,981
26	$8,766,840	-$3,204,061 -$569,845	$4,992,934
27	$9,205,096	-$3,366,216 -$598,331	$5,240,549
28	$9,665,368	-$3,536,517 -$628,249	$5,500,602
29	$10,148,688	-$3,715,345 -$659,665	$5,773,678
30	$10,656,088	-$3,903,083 -$692,646	$6,060,359