The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(6.5%) | $1,378,000 | | Net Lumpsum Payment | $12,017,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$45,002 |
$430,846 |
| 2 |
$726,984 |
$229,314
$47,254 |
$450,416 |
| 3 |
$763,324 |
$242,760
$49,616 |
$470,948 |
| 4 |
$801,504 |
$256,887
$52,098 |
$492,519 |
| 5 |
$841,570 |
$271,711
$54,702 |
$515,157 |
| 6 |
$883,660 |
$287,285
$57,438 |
$538,937 |
| 7 |
$927,820 |
$303,624
$60,308 |
$563,888 |
| 8 |
$974,234 |
$320,797
$63,325 |
$590,112 |
| 9 |
$1,022,948 |
$338,821
$66,492 |
$617,635 |
| 10 |
$1,074,100 |
$357,747
$69,817 |
$646,536 |
| 11 |
$1,127,782 |
$377,610
$73,306 |
$676,866 |
| 12 |
$1,184,178 |
$398,476
$76,972 |
$708,730 |
| 13 |
$1,243,380 |
$420,381
$80,820 |
$742,179 |
| 14 |
$1,305,572 |
$443,392
$84,862 |
$777,318 |
| 15 |
$1,370,846 |
$467,543
$89,105 |
$814,198 |
| 16 |
$1,439,386 |
$492,903
$93,560 |
$852,923 |
| 17 |
$1,511,330 |
$519,522
$98,236 |
$893,572 |
| 18 |
$1,586,908 |
$547,486
$103,149 |
$936,273 |
| 19 |
$1,666,258 |
$576,846
$108,307 |
$981,105 |
| 20 |
$1,749,564 |
$607,669
$113,722 |
$1,028,173 |
| 21 |
$1,837,056 |
$640,041
$119,409 |
$1,077,606 |
| 22 |
$1,928,918 |
$674,030
$125,380 |
$1,129,508 |
| 23 |
$2,025,334 |
$709,704
$131,647 |
$1,183,983 |
| 24 |
$2,126,626 |
$747,182
$138,231 |
$1,241,213 |
| 25 |
$2,232,932 |
$786,515
$145,141 |
$1,301,276 |
| 26 |
$2,344,620 |
$827,840
$152,400 |
$1,364,380 |
| 27 |
$2,461,828 |
$871,207
$160,019 |
$1,430,602 |
| 28 |
$2,584,924 |
$916,752
$168,020 |
$1,500,152 |
| 29 |
$2,714,184 |
$964,578
$176,422 |
$1,573,184 |
| 30 |
$2,849,884 |
$1,014,787
$185,242 |
$1,649,855 |
|
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