The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Sat Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(6.5%) | $27,878,500 | | Net Lumpsum Payment | $242,368,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$929,399 |
$8,118,294 |
| 2 |
$15,013,800 |
$5,515,436
$975,897 |
$8,522,467 |
| 3 |
$15,764,300 |
$5,793,121
$1,024,680 |
$8,946,499 |
| 4 |
$16,552,800 |
$6,084,866
$1,075,932 |
$9,392,002 |
| 5 |
$17,380,250 |
$6,391,023
$1,129,716 |
$9,859,511 |
| 6 |
$18,249,500 |
$6,712,645
$1,186,218 |
$10,350,637 |
| 7 |
$19,161,500 |
$7,050,085
$1,245,498 |
$10,865,917 |
| 8 |
$20,120,050 |
$7,404,749
$1,307,803 |
$11,407,498 |
| 9 |
$21,126,100 |
$7,776,987
$1,373,197 |
$11,975,916 |
| 10 |
$22,182,500 |
$8,167,855
$1,441,863 |
$12,572,782 |
| 11 |
$23,291,150 |
$8,578,056
$1,513,925 |
$13,199,169 |
| 12 |
$24,455,850 |
$9,008,995
$1,589,630 |
$13,857,225 |
| 13 |
$25,678,500 |
$9,461,375
$1,669,103 |
$14,548,022 |
| 14 |
$26,962,900 |
$9,936,603
$1,752,589 |
$15,273,708 |
| 15 |
$28,310,950 |
$10,435,382
$1,840,212 |
$16,035,356 |
| 16 |
$29,726,450 |
$10,959,117
$1,932,219 |
$16,835,114 |
| 17 |
$31,212,250 |
$11,508,863
$2,028,796 |
$17,674,591 |
| 18 |
$32,773,100 |
$12,086,377
$2,130,252 |
$18,556,471 |
| 19 |
$34,411,850 |
$12,692,715
$2,236,770 |
$19,482,365 |
| 20 |
$36,132,300 |
$13,329,281
$2,348,600 |
$20,454,419 |
| 21 |
$37,939,200 |
$13,997,834
$2,466,048 |
$21,475,318 |
| 22 |
$39,836,350 |
$14,699,780
$2,589,363 |
$22,547,207 |
| 23 |
$41,827,550 |
$15,436,524
$2,718,791 |
$23,672,235 |
| 24 |
$43,919,450 |
$16,210,527
$2,854,764 |
$24,854,159 |
| 25 |
$46,114,900 |
$17,022,843
$2,997,469 |
$26,094,588 |
| 26 |
$48,421,500 |
$17,876,285
$3,147,398 |
$27,397,817 |
| 27 |
$50,842,100 |
$18,771,907
$3,304,737 |
$28,765,456 |
| 28 |
$53,384,300 |
$19,712,521
$3,469,980 |
$30,201,799 |
| 29 |
$56,053,800 |
$20,700,236
$3,643,497 |
$31,710,067 |
| 30 |
$58,856,300 |
$21,737,161
$3,825,660 |
$33,293,479 |
|
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