The jackpot for the Powerball draw on Mon Jul 27, 2026, is projected to be $633 Million, with an option for a cash payout of $277.3 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Mon Jul 27, 2026 |
|---|
| Draw Date | Mon Jul 27, 2026 | | Projected Jackpot | $633,000,000 | | Cash Value | $277,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,300,000 | | Federal Tax(24%) | $66,552,000 | | Additional Federal Tax | $36,009,330 | | State Tax(4%) | $11,092,000 | | Net Lumpsum Payment | $163,646,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,527,283 |
$3,485,425
$381,091 |
$5,660,767 |
| 2 |
$10,003,932 |
$3,661,785
$400,157 |
$5,941,990 |
| 3 |
$10,504,002 |
$3,846,811
$420,160 |
$6,237,031 |
| 4 |
$11,029,392 |
$4,041,205
$441,176 |
$6,547,011 |
| 5 |
$11,580,735 |
$4,245,202
$463,229 |
$6,872,304 |
| 6 |
$12,159,930 |
$4,459,504
$486,397 |
$7,214,029 |
| 7 |
$12,767,610 |
$4,684,346
$510,704 |
$7,572,560 |
| 8 |
$13,406,307 |
$4,920,664
$536,252 |
$7,949,391 |
| 9 |
$14,076,654 |
$5,168,692
$563,066 |
$8,344,896 |
| 10 |
$14,780,550 |
$5,429,134
$591,222 |
$8,760,194 |
| 11 |
$15,519,261 |
$5,702,457
$620,770 |
$9,196,034 |
| 12 |
$16,295,319 |
$5,989,598
$651,813 |
$9,653,908 |
| 13 |
$17,109,990 |
$6,291,027
$684,400 |
$10,134,563 |
| 14 |
$17,965,806 |
$6,607,679
$718,632 |
$10,639,495 |
| 15 |
$18,864,033 |
$6,940,023
$754,561 |
$11,169,449 |
| 16 |
$19,807,203 |
$7,288,995
$792,288 |
$11,725,920 |
| 17 |
$20,797,215 |
$7,655,300
$831,889 |
$12,310,026 |
| 18 |
$21,837,234 |
$8,040,107
$873,489 |
$12,923,638 |
| 19 |
$22,929,159 |
$8,444,119
$917,166 |
$13,567,874 |
| 20 |
$24,075,522 |
$8,868,274
$963,021 |
$14,244,227 |
| 21 |
$25,279,488 |
$9,313,741
$1,011,180 |
$14,954,567 |
| 22 |
$26,543,589 |
$9,781,458
$1,061,744 |
$15,700,387 |
| 23 |
$27,870,357 |
$10,272,362
$1,114,814 |
$16,483,181 |
| 24 |
$29,264,223 |
$10,788,093
$1,170,569 |
$17,305,561 |
| 25 |
$30,727,086 |
$11,329,352
$1,229,083 |
$18,168,651 |
| 26 |
$32,264,010 |
$11,898,014
$1,290,560 |
$19,075,436 |
| 27 |
$33,876,894 |
$12,494,781
$1,355,076 |
$20,027,037 |
| 28 |
$35,570,802 |
$13,121,527
$1,422,832 |
$21,026,443 |
| 29 |
$37,349,532 |
$13,779,657
$1,493,981 |
$22,075,894 |
| 30 |
$39,216,882 |
$14,470,577
$1,568,675 |
$23,177,630 |
|
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