The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia Powerball Jackpot/Cash Option for Sat Aug 2, 2025 |
|---|
| Draw Date | Sat Aug 2, 2025 | | Projected Jackpot | $410,000,000 | | Cash Value | $184,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $184,900,000 | | Federal Tax(24%) | $44,376,000 | | Additional Federal Tax | $23,997,330 | | State Tax(6.5%) | $12,018,500 | | Net Lumpsum Payment | $104,508,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$401,109 |
$3,526,234 |
| 2 |
$6,479,640 |
$2,357,797
$421,177 |
$3,700,666 |
| 3 |
$6,803,540 |
$2,477,640
$442,230 |
$3,883,670 |
| 4 |
$7,143,840 |
$2,603,551
$464,350 |
$4,075,939 |
| 5 |
$7,500,950 |
$2,735,682
$487,562 |
$4,277,706 |
| 6 |
$7,876,100 |
$2,874,487
$511,947 |
$4,489,666 |
| 7 |
$8,269,700 |
$3,020,119
$537,531 |
$4,712,050 |
| 8 |
$8,683,390 |
$3,173,185
$564,420 |
$4,945,785 |
| 9 |
$9,117,580 |
$3,333,835
$592,643 |
$5,191,102 |
| 10 |
$9,573,500 |
$3,502,525
$622,278 |
$5,448,697 |
| 11 |
$10,051,970 |
$3,679,559
$653,378 |
$5,719,033 |
| 12 |
$10,554,630 |
$3,865,543
$686,051 |
$6,003,036 |
| 13 |
$11,082,300 |
$4,060,781
$720,350 |
$6,301,169 |
| 14 |
$11,636,620 |
$4,265,880
$756,380 |
$6,614,360 |
| 15 |
$12,218,410 |
$4,481,142
$794,197 |
$6,943,071 |
| 16 |
$12,829,310 |
$4,707,175
$833,905 |
$7,288,230 |
| 17 |
$13,470,550 |
$4,944,434
$875,586 |
$7,650,530 |
| 18 |
$14,144,180 |
$5,193,677
$919,372 |
$8,031,131 |
| 19 |
$14,851,430 |
$5,455,359
$965,343 |
$8,430,728 |
| 20 |
$15,593,940 |
$5,730,088
$1,013,606 |
$8,850,246 |
| 21 |
$16,373,760 |
$6,018,622
$1,064,294 |
$9,290,844 |
| 22 |
$17,192,530 |
$6,321,566
$1,117,514 |
$9,753,450 |
| 23 |
$18,051,890 |
$6,639,530
$1,173,373 |
$10,238,987 |
| 24 |
$18,954,710 |
$6,973,573
$1,232,056 |
$10,749,081 |
| 25 |
$19,902,220 |
$7,324,152
$1,293,644 |
$11,284,424 |
| 26 |
$20,897,700 |
$7,692,479
$1,358,351 |
$11,846,870 |
| 27 |
$21,942,380 |
$8,079,011
$1,426,255 |
$12,437,114 |
| 28 |
$23,039,540 |
$8,484,960
$1,497,570 |
$13,057,010 |
| 29 |
$24,191,640 |
$8,911,237
$1,572,457 |
$13,707,946 |
| 30 |
$25,401,140 |
$9,358,752
$1,651,074 |
$14,391,314 |
|
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