The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Oct 15, 2025 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $127,800,000 | | Federal Tax(24%) | $30,672,000 | | Additional Federal Tax | $16,574,330 | | State Tax(6.5%) | $8,307,000 | | Net Lumpsum Payment | $72,246,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,108,923 |
$1,480,632
$267,080 |
$2,361,211 |
| 2 |
$4,314,492 |
$1,556,692
$280,442 |
$2,477,358 |
| 3 |
$4,530,162 |
$1,636,490
$294,461 |
$2,599,211 |
| 4 |
$4,756,752 |
$1,720,329
$309,189 |
$2,727,234 |
| 5 |
$4,994,535 |
$1,808,308
$324,645 |
$2,861,582 |
| 6 |
$5,244,330 |
$1,900,732
$340,881 |
$3,002,717 |
| 7 |
$5,506,410 |
$1,997,702
$357,917 |
$3,150,791 |
| 8 |
$5,781,867 |
$2,099,621
$375,821 |
$3,306,425 |
| 9 |
$6,070,974 |
$2,206,591
$394,613 |
$3,469,770 |
| 10 |
$6,374,550 |
$2,318,914
$414,346 |
$3,641,290 |
| 11 |
$6,693,141 |
$2,436,793
$435,054 |
$3,821,294 |
| 12 |
$7,027,839 |
$2,560,631
$456,810 |
$4,010,398 |
| 13 |
$7,379,190 |
$2,690,631
$479,647 |
$4,208,912 |
| 14 |
$7,748,286 |
$2,827,196
$503,639 |
$4,417,451 |
| 15 |
$8,135,673 |
$2,970,529
$528,819 |
$4,636,325 |
| 16 |
$8,542,443 |
$3,121,034
$555,259 |
$4,866,150 |
| 17 |
$8,969,415 |
$3,279,014
$583,012 |
$5,107,389 |
| 18 |
$9,417,954 |
$3,444,973
$612,167 |
$5,360,814 |
| 19 |
$9,888,879 |
$3,619,216
$642,777 |
$5,626,886 |
| 20 |
$10,383,282 |
$3,802,145
$674,913 |
$5,906,224 |
| 21 |
$10,902,528 |
$3,994,266
$708,664 |
$6,199,598 |
| 22 |
$11,447,709 |
$4,195,983
$744,101 |
$6,507,625 |
| 23 |
$12,019,917 |
$4,407,700
$781,295 |
$6,830,922 |
| 24 |
$12,621,063 |
$4,630,124
$820,369 |
$7,170,570 |
| 25 |
$13,251,966 |
$4,863,558
$861,378 |
$7,527,030 |
| 26 |
$13,914,810 |
$5,108,810
$904,463 |
$7,901,537 |
| 27 |
$14,610,414 |
$5,366,184
$949,677 |
$8,294,553 |
| 28 |
$15,340,962 |
$5,636,486
$997,163 |
$8,707,313 |
| 29 |
$16,108,092 |
$5,920,324
$1,047,026 |
$9,140,742 |
| 30 |
$16,913,442 |
$6,218,304
$1,099,374 |
$9,595,764 |
|
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