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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West 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(6.5%) | $8,684,000 | | Net Lumpsum Payment | $75,523,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$306,213 |
$2,701,363 |
| 2 |
$4,946,652 |
$1,790,592
$321,532 |
$2,834,528 |
| 3 |
$5,193,922 |
$1,882,082
$337,605 |
$2,974,235 |
| 4 |
$5,453,712 |
$1,978,204
$354,491 |
$3,121,017 |
| 5 |
$5,726,335 |
$2,079,074
$372,212 |
$3,275,049 |
| 6 |
$6,012,730 |
$2,185,040
$390,827 |
$3,436,863 |
| 7 |
$6,313,210 |
$2,296,218
$410,359 |
$3,606,633 |
| 8 |
$6,629,027 |
$2,413,070
$430,887 |
$3,785,070 |
| 9 |
$6,960,494 |
$2,535,713
$452,432 |
$3,972,349 |
| 10 |
$7,308,550 |
$2,664,494
$475,056 |
$4,169,000 |
| 11 |
$7,673,821 |
$2,799,644
$498,798 |
$4,375,379 |
| 12 |
$8,057,559 |
$2,941,627
$523,741 |
$4,592,191 |
| 13 |
$8,460,390 |
$3,090,675
$549,925 |
$4,819,790 |
| 14 |
$8,883,566 |
$3,247,250
$577,432 |
$5,058,884 |
| 15 |
$9,327,713 |
$3,411,584
$606,301 |
$5,309,828 |
| 16 |
$9,794,083 |
$3,584,141
$636,615 |
$5,573,327 |
| 17 |
$10,283,615 |
$3,765,268
$668,435 |
$5,849,912 |
| 18 |
$10,797,874 |
$3,955,544
$701,862 |
$6,140,468 |
| 19 |
$11,337,799 |
$4,155,316
$736,957 |
$6,445,526 |
| 20 |
$11,904,642 |
$4,365,048
$773,802 |
$6,765,792 |
| 21 |
$12,499,968 |
$4,585,319
$812,498 |
$7,102,151 |
| 22 |
$13,125,029 |
$4,816,591
$853,127 |
$7,455,311 |
| 23 |
$13,781,077 |
$5,059,329
$895,770 |
$7,825,978 |
| 24 |
$14,470,303 |
$5,314,342
$940,570 |
$8,215,391 |
| 25 |
$15,193,646 |
$5,581,979
$987,587 |
$8,624,080 |
| 26 |
$15,953,610 |
$5,863,166
$1,036,985 |
$9,053,459 |
| 27 |
$16,751,134 |
$6,158,250
$1,088,824 |
$9,504,060 |
| 28 |
$17,588,722 |
$6,468,158
$1,143,267 |
$9,977,297 |
| 29 |
$18,468,252 |
$6,793,584
$1,200,436 |
$10,474,232 |
| 30 |
$19,391,602 |
$7,135,223
$1,260,454 |
$10,995,925 |
|
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