The jackpot for the Powerball draw on Mon Jun 22, 2026, is projected to be $312 Million, with an option for a cash payout of $141.2 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 Mon Jun 22, 2026 |
|---|
| Draw Date | Mon Jun 22, 2026 | | Projected Jackpot | $312,000,000 | | Cash Value | $141,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,200,000 | | Federal Tax(24%) | $33,888,000 | | Additional Federal Tax | $18,316,330 | | State Tax(6.5%) | $9,178,000 | | Net Lumpsum Payment | $79,817,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,695,912 |
$1,697,818
$305,234 |
$2,692,860 |
| 2 |
$4,930,848 |
$1,784,744
$320,505 |
$2,825,599 |
| 3 |
$5,177,328 |
$1,875,942
$336,526 |
$2,964,860 |
| 4 |
$5,436,288 |
$1,971,757
$353,359 |
$3,111,172 |
| 5 |
$5,708,040 |
$2,072,305
$371,023 |
$3,264,712 |
| 6 |
$5,993,520 |
$2,177,933
$389,579 |
$3,426,008 |
| 7 |
$6,293,040 |
$2,288,755
$409,048 |
$3,595,237 |
| 8 |
$6,607,848 |
$2,405,234
$429,510 |
$3,773,104 |
| 9 |
$6,938,256 |
$2,527,485
$450,987 |
$3,959,784 |
| 10 |
$7,285,200 |
$2,655,854
$473,538 |
$4,155,808 |
| 11 |
$7,649,304 |
$2,790,573
$497,205 |
$4,361,526 |
| 12 |
$8,031,816 |
$2,932,102
$522,068 |
$4,577,646 |
| 13 |
$8,433,360 |
$3,080,674
$548,168 |
$4,804,518 |
| 14 |
$8,855,184 |
$3,236,748
$575,587 |
$5,042,849 |
| 15 |
$9,297,912 |
$3,400,558
$604,364 |
$5,292,990 |
| 16 |
$9,762,792 |
$3,572,563
$634,581 |
$5,555,648 |
| 17 |
$10,250,760 |
$3,753,112
$666,299 |
$5,831,349 |
| 18 |
$10,763,376 |
$3,942,780
$699,619 |
$6,120,977 |
| 19 |
$11,301,576 |
$4,141,914
$734,602 |
$6,425,060 |
| 20 |
$11,866,608 |
$4,350,975
$771,330 |
$6,744,303 |
| 21 |
$12,460,032 |
$4,570,542
$809,902 |
$7,079,588 |
| 22 |
$13,083,096 |
$4,801,076
$850,401 |
$7,431,619 |
| 23 |
$13,737,048 |
$5,043,038
$892,908 |
$7,801,102 |
| 24 |
$14,424,072 |
$5,297,237
$937,565 |
$8,189,270 |
| 25 |
$15,145,104 |
$5,564,019
$984,432 |
$8,596,653 |
| 26 |
$15,902,640 |
$5,844,307
$1,033,672 |
$9,024,661 |
| 27 |
$16,697,616 |
$6,138,448
$1,085,345 |
$9,473,823 |
| 28 |
$17,532,528 |
$6,447,366
$1,139,614 |
$9,945,548 |
| 29 |
$18,409,248 |
$6,771,752
$1,196,601 |
$10,440,895 |
| 30 |
$19,329,648 |
$7,112,300
$1,256,427 |
$10,960,921 |
|
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