The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia Powerball Jackpot/Cash Option for Mon Feb 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(6.5%) | $6,149,000 | | Net Lumpsum Payment | $53,488,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$198,598 |
$1,765,944 |
| 2 |
$3,208,212 |
$1,147,369
$208,534 |
$1,852,309 |
| 3 |
$3,368,582 |
$1,206,706
$218,958 |
$1,942,918 |
| 4 |
$3,537,072 |
$1,269,047
$229,910 |
$2,038,115 |
| 5 |
$3,713,885 |
$1,334,468
$241,403 |
$2,138,014 |
| 6 |
$3,899,630 |
$1,403,193
$253,476 |
$2,242,961 |
| 7 |
$4,094,510 |
$1,475,299
$266,143 |
$2,353,068 |
| 8 |
$4,299,337 |
$1,551,085
$279,457 |
$2,468,795 |
| 9 |
$4,514,314 |
$1,630,627
$293,430 |
$2,590,257 |
| 10 |
$4,740,050 |
$1,714,149
$308,103 |
$2,717,798 |
| 11 |
$4,976,951 |
$1,801,802
$323,502 |
$2,851,647 |
| 12 |
$5,225,829 |
$1,893,887
$339,679 |
$2,992,263 |
| 13 |
$5,487,090 |
$1,990,554
$356,661 |
$3,139,875 |
| 14 |
$5,761,546 |
$2,092,102
$374,500 |
$3,294,944 |
| 15 |
$6,049,603 |
$2,198,683
$393,224 |
$3,457,696 |
| 16 |
$6,352,073 |
$2,310,597
$412,885 |
$3,628,591 |
| 17 |
$6,669,565 |
$2,428,069
$433,522 |
$3,807,974 |
| 18 |
$7,003,094 |
$2,551,475
$455,201 |
$3,996,418 |
| 19 |
$7,353,269 |
$2,681,040
$477,962 |
$4,194,267 |
| 20 |
$7,720,902 |
$2,817,064
$501,859 |
$4,401,979 |
| 21 |
$8,107,008 |
$2,959,923
$526,956 |
$4,620,129 |
| 22 |
$8,512,399 |
$3,109,918
$553,306 |
$4,849,175 |
| 23 |
$8,937,887 |
$3,267,349
$580,963 |
$5,089,575 |
| 24 |
$9,384,893 |
$3,432,741
$610,018 |
$5,342,134 |
| 25 |
$9,854,026 |
$3,606,320
$640,512 |
$5,607,194 |
| 26 |
$10,346,910 |
$3,788,687
$672,549 |
$5,885,674 |
| 27 |
$10,864,154 |
$3,980,067
$706,170 |
$6,177,917 |
| 28 |
$11,407,382 |
$4,181,062
$741,480 |
$6,484,840 |
| 29 |
$11,977,812 |
$4,392,121
$778,558 |
$6,807,133 |
| 30 |
$12,576,662 |
$4,613,695
$817,483 |
$7,145,484 |
|
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