The jackpot for the Powerball draw on Sat Sep 26, 2026, is projected to be $360 Million, with an option for a cash payout of $153.6 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 Sat Sep 26, 2026 |
|---|
| Draw Date | Sat Sep 26, 2026 | | Projected Jackpot | $360,000,000 | | Cash Value | $153,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,600,000 | | Federal Tax(24%) | $36,864,000 | | Additional Federal Tax | $19,928,330 | | State Tax(6.5%) | $9,984,000 | | Net Lumpsum Payment | $86,823,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,418,360 |
$1,965,124
$352,193 |
$3,101,043 |
| 2 |
$5,689,440 |
$2,065,423
$369,814 |
$3,254,203 |
| 3 |
$5,973,840 |
$2,170,651
$388,300 |
$3,414,889 |
| 4 |
$6,272,640 |
$2,281,207
$407,722 |
$3,583,711 |
| 5 |
$6,586,200 |
$2,397,224
$428,103 |
$3,760,873 |
| 6 |
$6,915,600 |
$2,519,102
$449,514 |
$3,946,984 |
| 7 |
$7,261,200 |
$2,646,974
$471,978 |
$4,142,248 |
| 8 |
$7,624,440 |
$2,781,373
$495,589 |
$4,347,478 |
| 9 |
$8,005,680 |
$2,922,432
$520,369 |
$4,562,879 |
| 10 |
$8,406,000 |
$3,070,550
$546,390 |
$4,789,060 |
| 11 |
$8,826,120 |
$3,225,995
$573,698 |
$5,026,427 |
| 12 |
$9,267,480 |
$3,389,298
$602,386 |
$5,275,796 |
| 13 |
$9,730,800 |
$3,560,726
$632,502 |
$5,537,572 |
| 14 |
$10,217,520 |
$3,740,813
$664,139 |
$5,812,568 |
| 15 |
$10,728,360 |
$3,929,824
$697,343 |
$6,101,193 |
| 16 |
$11,264,760 |
$4,128,292
$732,209 |
$6,404,259 |
| 17 |
$11,827,800 |
$4,336,616
$768,807 |
$6,722,377 |
| 18 |
$12,419,280 |
$4,555,464
$807,253 |
$7,056,563 |
| 19 |
$13,040,280 |
$4,785,234
$847,618 |
$7,407,428 |
| 20 |
$13,692,240 |
$5,026,459
$889,996 |
$7,775,785 |
| 21 |
$14,376,960 |
$5,279,806
$934,502 |
$8,162,652 |
| 22 |
$15,095,880 |
$5,545,806
$981,232 |
$8,568,842 |
| 23 |
$15,850,440 |
$5,824,993
$1,030,279 |
$8,995,168 |
| 24 |
$16,643,160 |
$6,118,300
$1,081,805 |
$9,443,055 |
| 25 |
$17,475,120 |
$6,426,125
$1,135,883 |
$9,913,112 |
| 26 |
$18,349,200 |
$6,749,534
$1,192,698 |
$10,406,968 |
| 27 |
$19,266,480 |
$7,088,928
$1,252,321 |
$10,925,231 |
| 28 |
$20,229,840 |
$7,445,371
$1,314,940 |
$11,469,529 |
| 29 |
$21,241,440 |
$7,819,663
$1,380,694 |
$12,041,083 |
| 30 |
$22,303,440 |
$8,212,603
$1,449,724 |
$12,641,113 |
|
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