The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Wed Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(6.5%) | $4,095,000 | | Net Lumpsum Payment | $35,634,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$136,964 |
$1,230,204 |
| 2 |
$2,212,560 |
$778,978
$143,816 |
$1,289,766 |
| 3 |
$2,323,160 |
$819,900
$151,005 |
$1,352,255 |
| 4 |
$2,439,360 |
$862,894
$158,558 |
$1,417,908 |
| 5 |
$2,561,300 |
$908,011
$166,485 |
$1,486,804 |
| 6 |
$2,689,400 |
$955,408
$174,811 |
$1,559,181 |
| 7 |
$2,823,800 |
$1,005,136
$183,547 |
$1,635,117 |
| 8 |
$2,965,060 |
$1,057,403
$192,729 |
$1,714,928 |
| 9 |
$3,113,320 |
$1,112,259
$202,366 |
$1,798,695 |
| 10 |
$3,269,000 |
$1,169,860
$212,485 |
$1,886,655 |
| 11 |
$3,432,380 |
$1,230,311
$223,105 |
$1,978,964 |
| 12 |
$3,604,020 |
$1,293,818
$234,261 |
$2,075,941 |
| 13 |
$3,784,200 |
$1,360,484
$245,973 |
$2,177,743 |
| 14 |
$3,973,480 |
$1,430,518
$258,276 |
$2,284,686 |
| 15 |
$4,172,140 |
$1,504,022
$271,189 |
$2,396,929 |
| 16 |
$4,380,740 |
$1,581,204
$284,748 |
$2,514,788 |
| 17 |
$4,599,700 |
$1,662,219
$298,981 |
$2,638,500 |
| 18 |
$4,829,720 |
$1,747,327
$313,932 |
$2,768,461 |
| 19 |
$5,071,220 |
$1,836,682
$329,629 |
$2,904,909 |
| 20 |
$5,324,760 |
$1,930,492
$346,109 |
$3,048,159 |
| 21 |
$5,591,040 |
$2,029,015
$363,418 |
$3,198,607 |
| 22 |
$5,870,620 |
$2,132,460
$381,590 |
$3,356,570 |
| 23 |
$6,164,060 |
$2,241,033
$400,664 |
$3,522,363 |
| 24 |
$6,472,340 |
$2,355,096
$420,702 |
$3,696,542 |
| 25 |
$6,795,880 |
$2,474,806
$441,732 |
$3,879,342 |
| 26 |
$7,135,800 |
$2,600,576
$463,827 |
$4,071,397 |
| 27 |
$7,492,520 |
$2,732,563
$487,014 |
$4,272,943 |
| 28 |
$7,867,160 |
$2,871,180
$511,365 |
$4,484,615 |
| 29 |
$8,260,560 |
$3,016,738
$536,936 |
$4,706,886 |
| 30 |
$8,673,560 |
$3,169,548
$563,781 |
$4,940,231 |
|
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