The jackpot for the Powerball draw on Wed May 13, 2026, is projected to be $69 Million, with an option for a cash payout of $31.2 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 May 13, 2026 |
|---|
| Draw Date | Wed May 13, 2026 | | Projected Jackpot | $69,000,000 | | Cash Value | $31,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,200,000 | | Federal Tax(24%) | $7,488,000 | | Additional Federal Tax | $4,016,330 | | State Tax(6.5%) | $2,028,000 | | Net Lumpsum Payment | $17,667,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,038,519 |
$344,582
$67,504 |
$626,433 |
| 2 |
$1,090,476 |
$363,807
$70,881 |
$655,788 |
| 3 |
$1,144,986 |
$383,975
$74,424 |
$686,587 |
| 4 |
$1,202,256 |
$405,165
$78,147 |
$718,944 |
| 5 |
$1,262,355 |
$427,402
$82,053 |
$752,900 |
| 6 |
$1,325,490 |
$450,762
$86,157 |
$788,571 |
| 7 |
$1,391,730 |
$475,270
$90,462 |
$825,998 |
| 8 |
$1,461,351 |
$501,030
$94,988 |
$865,333 |
| 9 |
$1,534,422 |
$528,067
$99,737 |
$906,618 |
| 10 |
$1,611,150 |
$556,456
$104,725 |
$949,969 |
| 11 |
$1,691,673 |
$586,249
$109,959 |
$995,465 |
| 12 |
$1,776,267 |
$617,549
$115,457 |
$1,043,261 |
| 13 |
$1,865,070 |
$650,406
$121,230 |
$1,093,434 |
| 14 |
$1,958,358 |
$684,923
$127,293 |
$1,146,142 |
| 15 |
$2,056,269 |
$721,150
$133,657 |
$1,201,462 |
| 16 |
$2,159,079 |
$759,190
$140,340 |
$1,259,549 |
| 17 |
$2,266,995 |
$799,119
$147,355 |
$1,320,521 |
| 18 |
$2,380,362 |
$841,064
$154,724 |
$1,384,574 |
| 19 |
$2,499,387 |
$885,104
$162,460 |
$1,451,823 |
| 20 |
$2,624,346 |
$931,338
$170,582 |
$1,522,426 |
| 21 |
$2,755,584 |
$979,896
$179,113 |
$1,596,575 |
| 22 |
$2,893,377 |
$1,030,880
$188,070 |
$1,674,427 |
| 23 |
$3,038,001 |
$1,084,391
$197,470 |
$1,756,140 |
| 24 |
$3,189,939 |
$1,140,608
$207,346 |
$1,841,985 |
| 25 |
$3,349,398 |
$1,199,608
$217,711 |
$1,932,079 |
| 26 |
$3,516,930 |
$1,261,594
$228,600 |
$2,026,736 |
| 27 |
$3,692,742 |
$1,326,645
$240,028 |
$2,126,069 |
| 28 |
$3,877,386 |
$1,394,963
$252,030 |
$2,230,393 |
| 29 |
$4,071,276 |
$1,466,703
$264,633 |
$2,339,940 |
| 30 |
$4,274,826 |
$1,542,016
$277,864 |
$2,454,946 |
|
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