The jackpot for the Powerball draw on Wed Nov 11, 2026, is projected to be $45 Million, with an option for a cash payout of $19.4 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 Nov 11, 2026 |
|---|
| Draw Date | Wed Nov 11, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(6.5%) | $1,261,000 | | Net Lumpsum Payment | $11,000,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$44,024 |
$422,341 |
| 2 |
$711,180 |
$223,467
$46,227 |
$441,486 |
| 3 |
$746,730 |
$236,620
$48,537 |
$461,573 |
| 4 |
$784,080 |
$250,440
$50,965 |
$482,675 |
| 5 |
$823,275 |
$264,942
$53,513 |
$504,820 |
| 6 |
$864,450 |
$280,177
$56,189 |
$528,084 |
| 7 |
$907,650 |
$296,161
$58,997 |
$552,492 |
| 8 |
$953,055 |
$312,961
$61,949 |
$578,145 |
| 9 |
$1,000,710 |
$330,593
$65,046 |
$605,071 |
| 10 |
$1,050,750 |
$349,108
$68,299 |
$633,343 |
| 11 |
$1,103,265 |
$368,538
$71,712 |
$663,015 |
| 12 |
$1,158,435 |
$388,951
$75,298 |
$694,186 |
| 13 |
$1,216,350 |
$410,380
$79,063 |
$726,907 |
| 14 |
$1,277,190 |
$432,891
$83,017 |
$761,282 |
| 15 |
$1,341,045 |
$456,517
$87,168 |
$797,360 |
| 16 |
$1,408,095 |
$481,326
$91,526 |
$835,243 |
| 17 |
$1,478,475 |
$507,366
$96,101 |
$875,008 |
| 18 |
$1,552,410 |
$534,722
$100,907 |
$916,781 |
| 19 |
$1,630,035 |
$563,443
$105,952 |
$960,640 |
| 20 |
$1,711,530 |
$593,596
$111,249 |
$1,006,685 |
| 21 |
$1,797,120 |
$625,265
$116,813 |
$1,055,042 |
| 22 |
$1,886,985 |
$658,515
$122,654 |
$1,105,816 |
| 23 |
$1,981,305 |
$693,413
$128,785 |
$1,159,107 |
| 24 |
$2,080,395 |
$730,077
$135,226 |
$1,215,092 |
| 25 |
$2,184,390 |
$768,555
$141,985 |
$1,273,850 |
| 26 |
$2,293,650 |
$808,981
$149,087 |
$1,335,582 |
| 27 |
$2,408,310 |
$851,405
$156,540 |
$1,400,365 |
| 28 |
$2,528,730 |
$895,960
$164,367 |
$1,468,403 |
| 29 |
$2,655,180 |
$942,747
$172,587 |
$1,539,846 |
| 30 |
$2,787,930 |
$991,864
$181,215 |
$1,614,851 |
|
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