The jackpot for the Powerball draw on Sat Apr 11, 2026, is projected to be $35 Million, with an option for a cash payout of $15.9 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Sat Apr 11, 2026 |
|---|
| Draw Date | Sat Apr 11, 2026 | | Projected Jackpot | $35,000,000 | | Cash Value | $15,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,900,000 | | Federal Tax(24%) | $3,816,000 | | Additional Federal Tax | $2,027,330 | | State Tax(4%) | $636,000 | | Net Lumpsum Payment | $9,420,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$526,785 |
$155,241
$21,071 |
$350,473 |
| 2 |
$553,140 |
$164,992
$22,126 |
$366,022 |
| 3 |
$580,790 |
$175,223
$23,232 |
$382,335 |
| 4 |
$609,840 |
$185,971
$24,394 |
$399,475 |
| 5 |
$640,325 |
$197,251
$25,613 |
$417,461 |
| 6 |
$672,350 |
$209,100
$26,894 |
$436,356 |
| 7 |
$705,950 |
$221,532
$28,238 |
$456,180 |
| 8 |
$741,265 |
$234,598
$29,651 |
$477,016 |
| 9 |
$778,330 |
$248,312
$31,133 |
$498,885 |
| 10 |
$817,250 |
$262,713
$32,690 |
$521,847 |
| 11 |
$858,095 |
$277,826
$34,324 |
$545,945 |
| 12 |
$901,005 |
$293,702
$36,040 |
$571,263 |
| 13 |
$946,050 |
$310,369
$37,842 |
$597,839 |
| 14 |
$993,370 |
$327,877
$39,735 |
$625,758 |
| 15 |
$1,043,035 |
$346,253
$41,721 |
$655,061 |
| 16 |
$1,095,185 |
$365,549
$43,807 |
$685,829 |
| 17 |
$1,149,925 |
$385,803
$45,997 |
$718,125 |
| 18 |
$1,207,430 |
$407,079
$48,297 |
$752,054 |
| 19 |
$1,267,805 |
$429,418
$50,712 |
$787,675 |
| 20 |
$1,331,190 |
$452,871
$53,248 |
$825,071 |
| 21 |
$1,397,760 |
$477,502
$55,910 |
$864,348 |
| 22 |
$1,467,655 |
$503,363
$58,706 |
$905,586 |
| 23 |
$1,541,015 |
$530,506
$61,641 |
$948,868 |
| 24 |
$1,618,085 |
$559,022
$64,723 |
$994,340 |
| 25 |
$1,698,970 |
$588,949
$67,959 |
$1,042,062 |
| 26 |
$1,783,950 |
$620,392
$71,358 |
$1,092,200 |
| 27 |
$1,873,130 |
$653,388
$74,925 |
$1,144,817 |
| 28 |
$1,966,790 |
$688,043
$78,672 |
$1,200,075 |
| 29 |
$2,065,140 |
$724,432
$82,606 |
$1,258,102 |
| 30 |
$2,168,390 |
$762,635
$86,736 |
$1,319,019 |
|
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