The jackpot for the Powerball draw on Mon Jan 5, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 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 Jan 5, 2026 |
|---|
| Draw Date | Mon Jan 5, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(6.5%) | $2,522,000 | | Net Lumpsum Payment | $21,961,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$84,135 |
$770,998 |
| 2 |
$1,359,144 |
$463,214
$88,344 |
$807,586 |
| 3 |
$1,427,084 |
$488,351
$92,760 |
$845,973 |
| 4 |
$1,498,464 |
$514,762
$97,400 |
$886,302 |
| 5 |
$1,573,370 |
$542,477
$102,269 |
$928,624 |
| 6 |
$1,652,060 |
$571,593
$107,384 |
$973,083 |
| 7 |
$1,734,620 |
$602,140
$112,750 |
$1,019,730 |
| 8 |
$1,821,394 |
$634,246
$118,391 |
$1,068,757 |
| 9 |
$1,912,468 |
$667,944
$124,310 |
$1,120,214 |
| 10 |
$2,008,100 |
$703,327
$130,527 |
$1,174,246 |
| 11 |
$2,108,462 |
$740,461
$137,050 |
$1,230,951 |
| 12 |
$2,213,898 |
$779,473
$143,903 |
$1,290,522 |
| 13 |
$2,324,580 |
$820,425
$151,098 |
$1,353,057 |
| 14 |
$2,440,852 |
$863,446
$158,655 |
$1,418,751 |
| 15 |
$2,562,886 |
$908,598
$166,588 |
$1,487,700 |
| 16 |
$2,691,026 |
$956,010
$174,917 |
$1,560,099 |
| 17 |
$2,825,530 |
$1,005,776
$183,659 |
$1,636,095 |
| 18 |
$2,966,828 |
$1,058,057
$192,844 |
$1,715,927 |
| 19 |
$3,115,178 |
$1,112,946
$202,487 |
$1,799,745 |
| 20 |
$3,270,924 |
$1,170,572
$212,610 |
$1,887,742 |
| 21 |
$3,434,496 |
$1,231,094
$223,242 |
$1,980,160 |
| 22 |
$3,606,238 |
$1,294,638
$234,405 |
$2,077,195 |
| 23 |
$3,786,494 |
$1,361,333
$246,122 |
$2,179,039 |
| 24 |
$3,975,866 |
$1,431,401
$258,431 |
$2,286,034 |
| 25 |
$4,174,612 |
$1,504,937
$271,350 |
$2,398,325 |
| 26 |
$4,383,420 |
$1,582,196
$284,922 |
$2,516,302 |
| 27 |
$4,602,548 |
$1,663,273
$299,166 |
$2,640,109 |
| 28 |
$4,832,684 |
$1,748,423
$314,124 |
$2,770,137 |
| 29 |
$5,074,344 |
$1,837,838
$329,832 |
$2,906,674 |
| 30 |
$5,328,044 |
$1,931,707
$346,323 |
$3,050,014 |
|
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