The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(6.5%) | $5,180,500 | | Net Lumpsum Payment | $45,070,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$170,227 |
$1,519,333 |
| 2 |
$2,749,896 |
$977,792
$178,743 |
$1,593,361 |
| 3 |
$2,887,356 |
$1,028,652
$187,678 |
$1,671,026 |
| 4 |
$3,031,776 |
$1,082,088
$197,065 |
$1,752,623 |
| 5 |
$3,183,330 |
$1,138,162
$206,916 |
$1,838,252 |
| 6 |
$3,342,540 |
$1,197,070
$217,265 |
$1,928,205 |
| 7 |
$3,509,580 |
$1,258,875
$228,123 |
$2,022,582 |
| 8 |
$3,685,146 |
$1,323,834
$239,534 |
$2,121,778 |
| 9 |
$3,869,412 |
$1,392,013
$251,512 |
$2,225,887 |
| 10 |
$4,062,900 |
$1,463,603
$264,089 |
$2,335,208 |
| 11 |
$4,265,958 |
$1,538,735
$277,287 |
$2,449,936 |
| 12 |
$4,479,282 |
$1,617,665
$291,153 |
$2,570,464 |
| 13 |
$4,703,220 |
$1,700,522
$305,709 |
$2,696,989 |
| 14 |
$4,938,468 |
$1,787,564
$321,000 |
$2,829,904 |
| 15 |
$5,185,374 |
$1,878,919
$337,049 |
$2,969,406 |
| 16 |
$5,444,634 |
$1,974,845
$353,901 |
$3,115,888 |
| 17 |
$5,716,770 |
$2,075,535
$371,590 |
$3,269,645 |
| 18 |
$6,002,652 |
$2,181,312
$390,172 |
$3,431,168 |
| 19 |
$6,302,802 |
$2,292,367
$409,682 |
$3,600,753 |
| 20 |
$6,617,916 |
$2,408,959
$430,165 |
$3,778,792 |
| 21 |
$6,948,864 |
$2,531,410
$451,676 |
$3,965,778 |
| 22 |
$7,296,342 |
$2,659,977
$474,262 |
$4,162,103 |
| 23 |
$7,661,046 |
$2,794,917
$497,968 |
$4,368,161 |
| 24 |
$8,044,194 |
$2,936,682
$522,873 |
$4,584,639 |
| 25 |
$8,446,308 |
$3,085,464
$549,010 |
$4,811,834 |
| 26 |
$8,868,780 |
$3,241,779
$576,471 |
$5,050,530 |
| 27 |
$9,312,132 |
$3,405,819
$605,289 |
$5,301,024 |
| 28 |
$9,777,756 |
$3,578,100
$635,554 |
$5,564,102 |
| 29 |
$10,266,696 |
$3,759,008
$667,335 |
$5,840,353 |
| 30 |
$10,779,996 |
$3,948,929
$700,700 |
$6,130,367 |
|
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