The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(6.5%) | $9,210,500 | | Net Lumpsum Payment | $80,100,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$324,801 |
$2,862,936 |
| 2 |
$5,246,928 |
$1,901,694
$341,050 |
$3,004,184 |
| 3 |
$5,509,208 |
$1,998,737
$358,099 |
$3,152,372 |
| 4 |
$5,784,768 |
$2,100,695
$376,010 |
$3,308,063 |
| 5 |
$6,073,940 |
$2,207,688
$394,806 |
$3,471,446 |
| 6 |
$6,377,720 |
$2,320,087
$414,552 |
$3,643,081 |
| 7 |
$6,696,440 |
$2,438,013
$435,269 |
$3,823,158 |
| 8 |
$7,031,428 |
$2,561,959
$457,043 |
$4,012,426 |
| 9 |
$7,383,016 |
$2,692,046
$479,896 |
$4,211,074 |
| 10 |
$7,752,200 |
$2,828,644
$503,893 |
$4,419,663 |
| 11 |
$8,139,644 |
$2,971,999
$529,077 |
$4,638,568 |
| 12 |
$8,546,676 |
$3,122,601
$555,534 |
$4,868,541 |
| 13 |
$8,973,960 |
$3,280,696
$583,307 |
$5,109,957 |
| 14 |
$9,422,824 |
$3,446,775
$612,484 |
$5,363,565 |
| 15 |
$9,893,932 |
$3,621,085
$643,106 |
$5,629,741 |
| 16 |
$10,388,612 |
$3,804,117
$675,260 |
$5,909,235 |
| 17 |
$10,907,860 |
$3,996,239
$709,011 |
$6,202,610 |
| 18 |
$11,453,336 |
$4,198,065
$744,467 |
$6,510,804 |
| 19 |
$12,026,036 |
$4,409,964
$781,692 |
$6,834,380 |
| 20 |
$12,627,288 |
$4,632,427
$820,774 |
$7,174,087 |
| 21 |
$13,258,752 |
$4,866,069
$861,819 |
$7,530,864 |
| 22 |
$13,921,756 |
$5,111,380
$904,914 |
$7,905,462 |
| 23 |
$14,617,628 |
$5,368,853
$950,146 |
$8,298,629 |
| 24 |
$15,348,692 |
$5,639,346
$997,665 |
$8,711,681 |
| 25 |
$16,115,944 |
$5,923,230
$1,047,536 |
$9,145,178 |
| 26 |
$16,922,040 |
$6,221,485
$1,099,933 |
$9,600,622 |
| 27 |
$17,767,976 |
$6,534,482
$1,154,918 |
$10,078,576 |
| 28 |
$18,656,408 |
$6,863,201
$1,212,667 |
$10,580,540 |
| 29 |
$19,589,328 |
$7,208,382
$1,273,306 |
$11,107,640 |
| 30 |
$20,568,728 |
$7,570,760
$1,336,967 |
$11,661,001 |
|
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