The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(6.5%) | $5,661,500 | | Net Lumpsum Payment | $49,251,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$189,793 |
$1,689,410 |
| 2 |
$3,065,976 |
$1,094,742
$199,288 |
$1,771,946 |
| 3 |
$3,219,236 |
$1,151,448
$209,250 |
$1,858,538 |
| 4 |
$3,380,256 |
$1,211,025
$219,717 |
$1,949,514 |
| 5 |
$3,549,230 |
$1,273,545
$230,700 |
$2,044,985 |
| 6 |
$3,726,740 |
$1,339,224
$242,238 |
$2,145,278 |
| 7 |
$3,912,980 |
$1,408,133
$254,344 |
$2,250,503 |
| 8 |
$4,108,726 |
$1,480,559
$267,067 |
$2,361,100 |
| 9 |
$4,314,172 |
$1,556,574
$280,421 |
$2,477,177 |
| 10 |
$4,529,900 |
$1,636,393
$294,444 |
$2,599,063 |
| 11 |
$4,756,298 |
$1,720,161
$309,159 |
$2,726,978 |
| 12 |
$4,994,142 |
$1,808,163
$324,619 |
$2,861,360 |
| 13 |
$5,243,820 |
$1,900,544
$340,848 |
$3,002,428 |
| 14 |
$5,506,108 |
$1,997,590
$357,897 |
$3,150,621 |
| 15 |
$5,781,394 |
$2,099,446
$375,791 |
$3,306,157 |
| 16 |
$6,070,454 |
$2,206,398
$394,580 |
$3,469,476 |
| 17 |
$6,373,870 |
$2,318,662
$414,302 |
$3,640,906 |
| 18 |
$6,692,612 |
$2,436,597
$435,020 |
$3,820,995 |
| 19 |
$7,027,262 |
$2,560,417
$456,772 |
$4,010,073 |
| 20 |
$7,378,596 |
$2,690,411
$479,609 |
$4,208,576 |
| 21 |
$7,747,584 |
$2,826,936
$503,593 |
$4,417,055 |
| 22 |
$8,135,002 |
$2,970,281
$528,775 |
$4,635,946 |
| 23 |
$8,541,626 |
$3,120,732
$555,206 |
$4,865,688 |
| 24 |
$8,968,814 |
$3,278,792
$582,973 |
$5,107,049 |
| 25 |
$9,417,148 |
$3,444,675
$612,115 |
$5,360,358 |
| 26 |
$9,888,180 |
$3,618,957
$642,732 |
$5,626,491 |
| 27 |
$10,382,492 |
$3,801,852
$674,862 |
$5,905,778 |
| 28 |
$10,901,636 |
$3,993,936
$708,606 |
$6,199,094 |
| 29 |
$11,446,776 |
$4,195,638
$744,040 |
$6,507,098 |
| 30 |
$12,019,076 |
$4,407,389
$781,240 |
$6,830,447 |
|
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