The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Sat Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(6.5%) | $14,228,500 | | Net Lumpsum Payment | $123,718,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$471,548 |
$4,138,508 |
| 2 |
$7,617,528 |
$2,778,816
$495,139 |
$4,343,573 |
| 3 |
$7,998,308 |
$2,919,704
$519,890 |
$4,558,714 |
| 4 |
$8,398,368 |
$3,067,727
$545,894 |
$4,784,747 |
| 5 |
$8,818,190 |
$3,223,061
$573,182 |
$5,021,947 |
| 6 |
$9,259,220 |
$3,386,242
$601,849 |
$5,271,129 |
| 7 |
$9,721,940 |
$3,557,448
$631,926 |
$5,532,566 |
| 8 |
$10,208,278 |
$3,737,393
$663,538 |
$5,807,347 |
| 9 |
$10,718,716 |
$3,926,255
$696,717 |
$6,095,744 |
| 10 |
$11,254,700 |
$4,124,569
$731,556 |
$6,398,575 |
| 11 |
$11,817,194 |
$4,332,692
$768,118 |
$6,716,384 |
| 12 |
$12,408,126 |
$4,551,337
$806,528 |
$7,050,261 |
| 13 |
$13,028,460 |
$4,780,861
$846,850 |
$7,400,749 |
| 14 |
$13,680,124 |
$5,021,976
$889,208 |
$7,768,940 |
| 15 |
$14,364,082 |
$5,275,041
$933,665 |
$8,155,376 |
| 16 |
$15,082,262 |
$5,540,767
$980,347 |
$8,561,148 |
| 17 |
$15,836,110 |
$5,819,691
$1,029,347 |
$8,987,072 |
| 18 |
$16,628,036 |
$6,112,704
$1,080,822 |
$9,434,510 |
| 19 |
$17,459,486 |
$6,420,340
$1,134,867 |
$9,904,279 |
| 20 |
$18,332,388 |
$6,743,314
$1,191,605 |
$10,397,469 |
| 21 |
$19,249,152 |
$7,082,517
$1,251,195 |
$10,915,440 |
| 22 |
$20,211,706 |
$7,438,662
$1,313,761 |
$11,459,283 |
| 23 |
$21,221,978 |
$7,812,462
$1,379,429 |
$12,030,087 |
| 24 |
$22,283,342 |
$8,205,167
$1,448,417 |
$12,629,758 |
| 25 |
$23,397,244 |
$8,617,311
$1,520,821 |
$13,259,112 |
| 26 |
$24,567,540 |
$9,050,320
$1,596,890 |
$13,920,330 |
| 27 |
$25,795,676 |
$9,504,731
$1,676,719 |
$14,614,226 |
| 28 |
$27,085,508 |
$9,981,968
$1,760,558 |
$15,342,982 |
| 29 |
$28,439,928 |
$10,483,104
$1,848,595 |
$16,108,229 |
| 30 |
$29,861,828 |
$11,009,207
$1,941,019 |
$16,911,602 |
|
|
