West Virginia Lottery

WVLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(6.5%)	$32,396,000
Net Lumpsum Payment	$281,635,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$1,076,147	$9,393,866
2	$17,384,400	-$6,392,558 -$1,129,986	$9,861,856
3	$18,253,400	-$6,714,088 -$1,186,471	$10,352,841
4	$19,166,400	-$7,051,898 -$1,245,816	$10,868,686
5	$20,124,500	-$7,406,395 -$1,308,093	$11,410,012
6	$21,131,000	-$7,778,800 -$1,373,515	$11,978,685
7	$22,187,000	-$8,169,520 -$1,442,155	$12,575,325
8	$23,296,900	-$8,580,183 -$1,514,299	$13,202,418
9	$24,461,800	-$9,011,196 -$1,590,017	$13,860,587
10	$25,685,000	-$9,463,780 -$1,669,525	$14,551,695
11	$26,968,700	-$9,938,749 -$1,752,966	$15,276,985
12	$28,317,300	-$10,437,731 -$1,840,625	$16,038,944
13	$29,733,000	-$10,961,540 -$1,932,645	$16,838,815
14	$31,220,200	-$11,511,804 -$2,029,313	$17,679,083
15	$32,781,100	-$12,089,337 -$2,130,772	$18,560,991
16	$34,420,100	-$12,695,767 -$2,237,307	$19,487,026
17	$36,140,500	-$13,332,315 -$2,349,133	$20,459,052
18	$37,947,800	-$14,001,016 -$2,466,607	$21,480,177
19	$39,845,300	-$14,703,091 -$2,589,945	$22,552,264
20	$41,837,400	-$15,440,168 -$2,719,431	$23,677,801
21	$43,929,600	-$16,214,282 -$2,855,424	$24,859,894
22	$46,126,300	-$17,027,061 -$2,998,210	$26,101,029
23	$48,431,900	-$17,880,133 -$3,148,074	$27,403,693
24	$50,854,100	-$18,776,347 -$3,305,517	$28,772,236
25	$53,396,200	-$19,716,924 -$3,470,753	$30,208,523
26	$56,067,000	-$20,705,120 -$3,644,355	$31,717,525
27	$58,869,800	-$21,742,156 -$3,826,537	$33,301,107
28	$61,813,400	-$22,831,288 -$4,017,871	$34,964,241
29	$64,904,400	-$23,974,958 -$4,218,786	$36,710,656
30	$68,149,400	-$25,175,608 -$4,429,711	$38,544,081