The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sep 20, 2025 |
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Draw Date | Sat Sep 20, 2025 | Projected Jackpot | $99,000,000 | Cash Value | $46,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $46,300,000 | Federal Tax(24%) | $11,112,000 | Additional Federal Tax | $5,979,330 | State Tax(6.5%) | $3,009,500 | Net Lumpsum Payment | $26,199,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,490,049 |
$511,649 $96,853 |
$881,547 |
2 |
$1,564,596 |
$539,231 $101,699 |
$923,666 |
3 |
$1,642,806 |
$568,169 $106,782 |
$967,855 |
4 |
$1,724,976 |
$598,572 $112,123 |
$1,014,281 |
5 |
$1,811,205 |
$630,476 $117,728 |
$1,063,001 |
6 |
$1,901,790 |
$663,993 $123,616 |
$1,114,181 |
7 |
$1,996,830 |
$699,157 $129,794 |
$1,167,879 |
8 |
$2,096,721 |
$736,117 $136,287 |
$1,224,317 |
9 |
$2,201,562 |
$774,908 $143,102 |
$1,283,552 |
10 |
$2,311,650 |
$815,641 $150,257 |
$1,345,752 |
11 |
$2,427,183 |
$858,388 $157,767 |
$1,411,028 |
12 |
$2,548,557 |
$903,296 $165,656 |
$1,479,605 |
13 |
$2,675,970 |
$950,439 $173,938 |
$1,551,593 |
14 |
$2,809,818 |
$999,963 $182,638 |
$1,627,217 |
15 |
$2,950,299 |
$1,051,941 $191,769 |
$1,706,589 |
16 |
$3,097,809 |
$1,106,520 $201,358 |
$1,789,931 |
17 |
$3,252,645 |
$1,163,809 $211,422 |
$1,877,414 |
18 |
$3,415,302 |
$1,223,992 $221,995 |
$1,969,315 |
19 |
$3,586,077 |
$1,287,179 $233,095 |
$2,065,803 |
20 |
$3,765,366 |
$1,353,516 $244,749 |
$2,167,101 |
21 |
$3,953,664 |
$1,423,186 $256,988 |
$2,273,490 |
22 |
$4,151,367 |
$1,496,336 $269,839 |
$2,385,192 |
23 |
$4,358,871 |
$1,573,113 $283,327 |
$2,502,431 |
24 |
$4,576,869 |
$1,653,772 $297,496 |
$2,625,601 |
25 |
$4,805,658 |
$1,738,424 $312,368 |
$2,754,866 |
26 |
$5,046,030 |
$1,827,361 $327,992 |
$2,890,677 |
27 |
$5,298,282 |
$1,920,695 $344,388 |
$3,033,199 |
28 |
$5,563,206 |
$2,018,717 $361,608 |
$3,182,881 |
29 |
$5,841,396 |
$2,121,647 $379,691 |
$3,340,058 |
30 |
$6,133,446 |
$2,229,705 $398,674 |
$3,505,067 |
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