The jackpot for the Powerball draw on Mon Nov 9, 2026, is projected to be $30 Million, with an option for a cash payout of $12.9 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 Mon Nov 9, 2026 |
|---|
| Draw Date | Mon Nov 9, 2026 | | Projected Jackpot | $30,000,000 | | Cash Value | $12,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $12,900,000 | | Federal Tax(24%) | $3,096,000 | | Additional Federal Tax | $1,637,330 | | State Tax(6.5%) | $838,500 | | Net Lumpsum Payment | $7,328,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$29,349 |
$294,785 |
| 2 |
$474,120 |
$135,755
$30,818 |
$307,547 |
| 3 |
$497,820 |
$144,524
$32,358 |
$320,938 |
| 4 |
$522,720 |
$153,737
$33,977 |
$335,006 |
| 5 |
$548,850 |
$163,405
$35,675 |
$349,770 |
| 6 |
$576,300 |
$173,561
$37,460 |
$365,279 |
| 7 |
$605,100 |
$184,217
$39,332 |
$381,551 |
| 8 |
$635,370 |
$195,417
$41,299 |
$398,654 |
| 9 |
$667,140 |
$207,172
$43,364 |
$416,604 |
| 10 |
$700,500 |
$219,515
$45,533 |
$435,452 |
| 11 |
$735,510 |
$232,469
$47,808 |
$455,233 |
| 12 |
$772,290 |
$246,078
$50,199 |
$476,013 |
| 13 |
$810,900 |
$260,363
$52,709 |
$497,828 |
| 14 |
$851,460 |
$275,371
$55,345 |
$520,744 |
| 15 |
$894,030 |
$291,121
$58,112 |
$544,797 |
| 16 |
$938,730 |
$307,660
$61,017 |
$570,053 |
| 17 |
$985,650 |
$325,021
$64,067 |
$596,562 |
| 18 |
$1,034,940 |
$343,258
$67,271 |
$624,411 |
| 19 |
$1,086,690 |
$362,406
$70,635 |
$653,649 |
| 20 |
$1,141,020 |
$382,508
$74,166 |
$684,346 |
| 21 |
$1,198,080 |
$403,620
$77,875 |
$716,585 |
| 22 |
$1,257,990 |
$425,787
$81,769 |
$750,434 |
| 23 |
$1,320,870 |
$449,052
$85,857 |
$785,961 |
| 24 |
$1,386,930 |
$473,494
$90,150 |
$823,286 |
| 25 |
$1,456,260 |
$499,147
$94,657 |
$862,456 |
| 26 |
$1,529,100 |
$526,097
$99,392 |
$903,611 |
| 27 |
$1,605,540 |
$554,380
$104,360 |
$946,800 |
| 28 |
$1,685,820 |
$584,084
$109,578 |
$992,158 |
| 29 |
$1,770,120 |
$615,275
$115,058 |
$1,039,787 |
| 30 |
$1,858,620 |
$648,020
$120,810 |
$1,089,790 |
|
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