The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025 |
|---|
| Draw Date | Sat Jul 5, 2025 | | Projected Jackpot | $190,000,000 | | Cash Value | $87,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,000,000 | | Federal Tax(24%) | $20,880,000 | | Additional Federal Tax | $11,270,330 | | State Tax(6.5%) | $5,655,000 | | Net Lumpsum Payment | $49,194,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$185,880 |
$1,655,394 |
| 2 |
$3,002,760 |
$1,071,352
$195,179 |
$1,736,229 |
| 3 |
$3,152,860 |
$1,126,889
$204,936 |
$1,821,035 |
| 4 |
$3,310,560 |
$1,185,238
$215,186 |
$1,910,136 |
| 5 |
$3,476,050 |
$1,246,469
$225,943 |
$2,003,638 |
| 6 |
$3,649,900 |
$1,310,793
$237,244 |
$2,101,863 |
| 7 |
$3,832,300 |
$1,378,281
$249,100 |
$2,204,919 |
| 8 |
$4,024,010 |
$1,449,214
$261,561 |
$2,313,235 |
| 9 |
$4,225,220 |
$1,523,662
$274,639 |
$2,426,919 |
| 10 |
$4,436,500 |
$1,601,835
$288,373 |
$2,546,292 |
| 11 |
$4,658,230 |
$1,683,875
$302,785 |
$2,671,570 |
| 12 |
$4,891,170 |
$1,770,063
$317,926 |
$2,803,181 |
| 13 |
$5,135,700 |
$1,860,539
$333,821 |
$2,941,340 |
| 14 |
$5,392,580 |
$1,955,585
$350,518 |
$3,086,477 |
| 15 |
$5,662,190 |
$2,055,341
$368,042 |
$3,238,807 |
| 16 |
$5,945,290 |
$2,160,088
$386,444 |
$3,398,758 |
| 17 |
$6,242,450 |
$2,270,037
$405,759 |
$3,566,654 |
| 18 |
$6,554,620 |
$2,385,540
$426,050 |
$3,743,030 |
| 19 |
$6,882,370 |
$2,506,807
$447,354 |
$3,928,209 |
| 20 |
$7,226,460 |
$2,634,121
$469,720 |
$4,122,619 |
| 21 |
$7,587,840 |
$2,767,831
$493,210 |
$4,326,799 |
| 22 |
$7,967,270 |
$2,908,220
$517,873 |
$4,541,177 |
| 23 |
$8,365,510 |
$3,055,569
$543,758 |
$4,766,183 |
| 24 |
$8,783,890 |
$3,210,370
$570,953 |
$5,002,567 |
| 25 |
$9,222,980 |
$3,372,833
$599,494 |
$5,250,653 |
| 26 |
$9,684,300 |
$3,543,521
$629,480 |
$5,511,299 |
| 27 |
$10,168,420 |
$3,722,646
$660,947 |
$5,784,827 |
| 28 |
$10,676,860 |
$3,910,769
$693,996 |
$6,072,095 |
| 29 |
$11,210,760 |
$4,108,312
$728,699 |
$6,373,749 |
| 30 |
$11,771,260 |
$4,315,697
$765,132 |
$6,690,431 |
|
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