The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(6.5%) | $5,011,500 | | Net Lumpsum Payment | $43,601,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$164,357 |
$1,468,310 |
| 2 |
$2,655,072 |
$942,707
$172,580 |
$1,539,785 |
| 3 |
$2,787,792 |
$991,813
$181,206 |
$1,614,773 |
| 4 |
$2,927,232 |
$1,043,406
$190,270 |
$1,693,556 |
| 5 |
$3,073,560 |
$1,097,548
$199,781 |
$1,776,231 |
| 6 |
$3,227,280 |
$1,154,424
$209,773 |
$1,863,083 |
| 7 |
$3,388,560 |
$1,214,098
$220,256 |
$1,954,206 |
| 8 |
$3,558,072 |
$1,276,817
$231,275 |
$2,049,980 |
| 9 |
$3,735,984 |
$1,342,644
$242,839 |
$2,150,501 |
| 10 |
$3,922,800 |
$1,411,766
$254,982 |
$2,256,052 |
| 11 |
$4,118,856 |
$1,484,307
$267,726 |
$2,366,823 |
| 12 |
$4,324,824 |
$1,560,515
$281,114 |
$2,483,195 |
| 13 |
$4,541,040 |
$1,640,515
$295,168 |
$2,605,357 |
| 14 |
$4,768,176 |
$1,724,556
$309,931 |
$2,733,689 |
| 15 |
$5,006,568 |
$1,812,761
$325,427 |
$2,868,380 |
| 16 |
$5,256,888 |
$1,905,379
$341,698 |
$3,009,811 |
| 17 |
$5,519,640 |
$2,002,597
$358,777 |
$3,158,266 |
| 18 |
$5,795,664 |
$2,104,726
$376,718 |
$3,314,220 |
| 19 |
$6,085,464 |
$2,211,952
$395,555 |
$3,477,957 |
| 20 |
$6,389,712 |
$2,324,524
$415,331 |
$3,649,857 |
| 21 |
$6,709,248 |
$2,442,752
$436,101 |
$3,830,395 |
| 22 |
$7,044,744 |
$2,566,886
$457,908 |
$4,019,950 |
| 23 |
$7,396,872 |
$2,697,173
$480,797 |
$4,218,902 |
| 24 |
$7,766,808 |
$2,834,049
$504,843 |
$4,427,916 |
| 25 |
$8,155,056 |
$2,977,701
$530,079 |
$4,647,276 |
| 26 |
$8,562,960 |
$3,128,626
$556,592 |
$4,877,742 |
| 27 |
$8,991,024 |
$3,287,009
$584,417 |
$5,119,598 |
| 28 |
$9,440,592 |
$3,453,349
$613,638 |
$5,373,605 |
| 29 |
$9,912,672 |
$3,628,019
$644,324 |
$5,640,329 |
| 30 |
$10,408,272 |
$3,811,391
$676,538 |
$5,920,343 |
|
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