The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Mon Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(6.5%) | $19,155,500 | | Net Lumpsum Payment | $166,545,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$672,102 |
$5,881,791 |
| 2 |
$10,857,348 |
$3,977,549
$705,728 |
$6,174,071 |
| 3 |
$11,400,078 |
$4,178,359
$741,005 |
$6,480,714 |
| 4 |
$11,970,288 |
$4,389,337
$778,069 |
$6,802,882 |
| 5 |
$12,568,665 |
$4,610,736
$816,963 |
$7,140,966 |
| 6 |
$13,197,270 |
$4,843,320
$857,823 |
$7,496,127 |
| 7 |
$13,856,790 |
$5,087,343
$900,691 |
$7,868,756 |
| 8 |
$14,549,973 |
$5,343,820
$945,748 |
$8,260,405 |
| 9 |
$15,277,506 |
$5,613,008
$993,038 |
$8,671,460 |
| 10 |
$16,041,450 |
$5,895,667
$1,042,694 |
$9,103,089 |
| 11 |
$16,843,179 |
$6,192,307
$1,094,807 |
$9,556,065 |
| 12 |
$17,685,441 |
$6,503,944
$1,149,554 |
$10,031,943 |
| 13 |
$18,569,610 |
$6,831,086
$1,207,025 |
$10,531,499 |
| 14 |
$19,498,434 |
$7,174,751
$1,267,398 |
$11,056,285 |
| 15 |
$20,473,287 |
$7,535,447
$1,330,764 |
$11,607,076 |
| 16 |
$21,496,917 |
$7,914,190
$1,397,300 |
$12,185,427 |
| 17 |
$22,571,385 |
$8,311,743
$1,467,140 |
$12,792,502 |
| 18 |
$23,700,126 |
$8,729,377
$1,540,508 |
$13,430,241 |
| 19 |
$24,885,201 |
$9,167,855
$1,617,538 |
$14,099,808 |
| 20 |
$26,129,358 |
$9,628,193
$1,698,408 |
$14,802,757 |
| 21 |
$27,436,032 |
$10,111,662
$1,783,342 |
$15,541,028 |
| 22 |
$28,807,971 |
$10,619,280
$1,872,518 |
$16,316,173 |
| 23 |
$30,247,923 |
$11,152,062
$1,966,115 |
$17,129,746 |
| 24 |
$31,760,697 |
$11,711,788
$2,064,445 |
$17,984,464 |
| 25 |
$33,348,354 |
$12,299,221
$2,167,643 |
$18,881,490 |
| 26 |
$35,016,390 |
$12,916,395
$2,276,065 |
$19,823,930 |
| 27 |
$36,766,866 |
$13,564,071
$2,389,846 |
$20,812,949 |
| 28 |
$38,605,278 |
$14,244,283
$2,509,343 |
$21,851,652 |
| 29 |
$40,535,748 |
$14,958,557
$2,634,824 |
$22,942,367 |
| 30 |
$42,562,398 |
$15,708,418
$2,766,556 |
$24,087,424 |
|
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