Jackpot Analysis West Virginia Powerball

Jackpot Analysis for West Virginia Powerball
The jackpot for the Powerball draw on Wed Apr 2, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Wed Apr 2, 2025
Draw DateWed Apr 2, 2025
Projected Jackpot$30,000,000
Cash Value$13,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$13,900,000
Federal Tax(24%)$3,336,000
Additional Federal Tax$1,767,330
State Tax(6.5%)$903,500
Net Lumpsum Payment$7,893,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $451,530 $127,396
$29,349
$294,785
2 $474,120 $135,755
$30,818
$307,547
3 $497,820 $144,524
$32,358
$320,938
4 $522,720 $153,737
$33,977
$335,006
5 $548,850 $163,405
$35,675
$349,770
6 $576,300 $173,561
$37,460
$365,279
7 $605,100 $184,217
$39,332
$381,551
8 $635,370 $195,417
$41,299
$398,654
9 $667,140 $207,172
$43,364
$416,604
10 $700,500 $219,515
$45,533
$435,452
11 $735,510 $232,469
$47,808
$455,233
12 $772,290 $246,078
$50,199
$476,013
13 $810,900 $260,363
$52,709
$497,828
14 $851,460 $275,371
$55,345
$520,744
15 $894,030 $291,121
$58,112
$544,797
16 $938,730 $307,660
$61,017
$570,053
17 $985,650 $325,021
$64,067
$596,562
18 $1,034,940 $343,258
$67,271
$624,411
19 $1,086,690 $362,406
$70,635
$653,649
20 $1,141,020 $382,508
$74,166
$684,346
21 $1,198,080 $403,620
$77,875
$716,585
22 $1,257,990 $425,787
$81,769
$750,434
23 $1,320,870 $449,052
$85,857
$785,961
24 $1,386,930 $473,494
$90,150
$823,286
25 $1,456,260 $499,147
$94,657
$862,456
26 $1,529,100 $526,097
$99,392
$903,611
27 $1,605,540 $554,380
$104,360
$946,800
28 $1,685,820 $584,084
$109,578
$992,158
29 $1,770,120 $615,275
$115,058
$1,039,787
30 $1,858,620 $648,020
$120,810
$1,089,790