The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(4%) | $5,344,000 | | Net Lumpsum Payment | $78,863,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$188,439 |
$2,819,137 |
| 2 |
$4,946,652 |
$1,790,592
$197,866 |
$2,958,194 |
| 3 |
$5,193,922 |
$1,882,082
$207,757 |
$3,104,083 |
| 4 |
$5,453,712 |
$1,978,204
$218,148 |
$3,257,360 |
| 5 |
$5,726,335 |
$2,079,074
$229,053 |
$3,418,208 |
| 6 |
$6,012,730 |
$2,185,040
$240,509 |
$3,587,181 |
| 7 |
$6,313,210 |
$2,296,218
$252,528 |
$3,764,464 |
| 8 |
$6,629,027 |
$2,413,070
$265,161 |
$3,950,796 |
| 9 |
$6,960,494 |
$2,535,713
$278,420 |
$4,146,361 |
| 10 |
$7,308,550 |
$2,664,494
$292,342 |
$4,351,714 |
| 11 |
$7,673,821 |
$2,799,644
$306,953 |
$4,567,224 |
| 12 |
$8,057,559 |
$2,941,627
$322,302 |
$4,793,630 |
| 13 |
$8,460,390 |
$3,090,675
$338,416 |
$5,031,299 |
| 14 |
$8,883,566 |
$3,247,250
$355,343 |
$5,280,973 |
| 15 |
$9,327,713 |
$3,411,584
$373,109 |
$5,543,020 |
| 16 |
$9,794,083 |
$3,584,141
$391,763 |
$5,818,179 |
| 17 |
$10,283,615 |
$3,765,268
$411,345 |
$6,107,002 |
| 18 |
$10,797,874 |
$3,955,544
$431,915 |
$6,410,415 |
| 19 |
$11,337,799 |
$4,155,316
$453,512 |
$6,728,971 |
| 20 |
$11,904,642 |
$4,365,048
$476,186 |
$7,063,408 |
| 21 |
$12,499,968 |
$4,585,319
$499,999 |
$7,414,650 |
| 22 |
$13,125,029 |
$4,816,591
$525,001 |
$7,783,437 |
| 23 |
$13,781,077 |
$5,059,329
$551,243 |
$8,170,505 |
| 24 |
$14,470,303 |
$5,314,342
$578,812 |
$8,577,149 |
| 25 |
$15,193,646 |
$5,581,979
$607,746 |
$9,003,921 |
| 26 |
$15,953,610 |
$5,863,166
$638,144 |
$9,452,300 |
| 27 |
$16,751,134 |
$6,158,250
$670,045 |
$9,922,839 |
| 28 |
$17,588,722 |
$6,468,158
$703,549 |
$10,417,015 |
| 29 |
$18,468,252 |
$6,793,584
$738,730 |
$10,935,938 |
| 30 |
$19,391,602 |
$7,135,223
$775,664 |
$11,480,715 |
|
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