The jackpot for the Powerball draw on Sat Jun 27, 2026, is projected to be $348 Million, with an option for a cash payout of $157.5 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 Jun 27, 2026 |
|---|
| Draw Date | Sat Jun 27, 2026 | | Projected Jackpot | $348,000,000 | | Cash Value | $157,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $157,500,000 | | Federal Tax(24%) | $37,800,000 | | Additional Federal Tax | $20,435,330 | | State Tax(6.5%) | $10,237,500 | | Net Lumpsum Payment | $89,027,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$340,454 |
$2,998,997 |
| 2 |
$5,499,792 |
$1,995,253
$357,486 |
$3,147,053 |
| 3 |
$5,774,712 |
$2,096,974
$375,356 |
$3,302,382 |
| 4 |
$6,063,552 |
$2,203,845
$394,131 |
$3,465,576 |
| 5 |
$6,366,660 |
$2,315,995
$413,833 |
$3,636,832 |
| 6 |
$6,685,080 |
$2,433,810
$434,530 |
$3,816,740 |
| 7 |
$7,019,160 |
$2,557,420
$456,245 |
$4,005,495 |
| 8 |
$7,370,292 |
$2,687,338
$479,069 |
$4,203,885 |
| 9 |
$7,738,824 |
$2,823,695
$503,024 |
$4,412,105 |
| 10 |
$8,125,800 |
$2,966,876
$528,177 |
$4,630,747 |
| 11 |
$8,531,916 |
$3,117,139
$554,575 |
$4,860,202 |
| 12 |
$8,958,564 |
$3,274,999
$582,307 |
$5,101,258 |
| 13 |
$9,406,440 |
$3,440,713
$611,419 |
$5,354,308 |
| 14 |
$9,876,936 |
$3,614,797
$642,001 |
$5,620,138 |
| 15 |
$10,370,748 |
$3,797,507
$674,099 |
$5,899,142 |
| 16 |
$10,889,268 |
$3,989,360
$707,802 |
$6,192,106 |
| 17 |
$11,433,540 |
$4,190,740
$743,180 |
$6,499,620 |
| 18 |
$12,005,304 |
$4,402,293
$780,345 |
$6,822,666 |
| 19 |
$12,605,604 |
$4,624,404
$819,364 |
$7,161,836 |
| 20 |
$13,235,832 |
$4,857,588
$860,329 |
$7,517,915 |
| 21 |
$13,897,728 |
$5,102,490
$903,352 |
$7,891,886 |
| 22 |
$14,592,684 |
$5,359,623
$948,524 |
$8,284,537 |
| 23 |
$15,322,092 |
$5,629,504
$995,936 |
$8,696,652 |
| 24 |
$16,088,388 |
$5,913,034
$1,045,745 |
$9,129,609 |
| 25 |
$16,892,616 |
$6,210,598
$1,098,020 |
$9,583,998 |
| 26 |
$17,737,560 |
$6,523,228
$1,152,941 |
$10,061,391 |
| 27 |
$18,624,264 |
$6,851,308
$1,210,577 |
$10,562,379 |
| 28 |
$19,555,512 |
$7,195,870
$1,271,108 |
$11,088,534 |
| 29 |
$20,533,392 |
$7,557,685
$1,334,670 |
$11,641,037 |
| 30 |
$21,559,992 |
$7,937,527
$1,401,399 |
$12,221,066 |
|
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