West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(6.5%)	$1,670,500
Net Lumpsum Payment	$14,560,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$55,764	$524,387
2	$900,828	-$293,637 -$58,554	$548,637
3	$945,858	-$310,298 -$61,481	$574,079
4	$993,168	-$327,803 -$64,556	$600,809
5	$1,042,815	-$346,172 -$67,783	$628,860
6	$1,094,970	-$365,469 -$71,173	$658,328
7	$1,149,690	-$385,716 -$74,730	$689,244
8	$1,207,203	-$406,995 -$78,468	$721,740
9	$1,267,566	-$429,330 -$82,392	$755,844
10	$1,330,950	-$452,782 -$86,512	$791,656
11	$1,397,469	-$477,394 -$90,835	$829,240
12	$1,467,351	-$503,250 -$95,378	$868,723
13	$1,540,710	-$530,393 -$100,146	$910,171
14	$1,617,774	-$558,907 -$105,155	$953,712
15	$1,698,657	-$588,833 -$110,413	$999,411
16	$1,783,587	-$620,258 -$115,933	$1,047,396
17	$1,872,735	-$653,242 -$121,728	$1,097,765
18	$1,966,386	-$687,893 -$127,815	$1,150,678
19	$2,064,711	-$724,273 -$134,206	$1,206,232
20	$2,167,938	-$762,467 -$140,916	$1,264,555
21	$2,276,352	-$802,581 -$147,963	$1,325,808
22	$2,390,181	-$844,697 -$155,362	$1,390,122
23	$2,509,653	-$888,902 -$163,127	$1,457,624
24	$2,635,167	-$935,342 -$171,286	$1,528,539
25	$2,766,894	-$984,081 -$179,848	$1,602,965
26	$2,905,290	-$1,035,288 -$188,844	$1,681,158
27	$3,050,526	-$1,089,025 -$198,284	$1,763,217
28	$3,203,058	-$1,145,462 -$208,199	$1,849,397
29	$3,363,228	-$1,204,725 -$218,610	$1,939,893
30	$3,531,378	-$1,266,940 -$229,540	$2,034,898