The jackpot for the Powerball draw on Sat Oct 3, 2026, is projected to be $440 Million, with an option for a cash payout of $183.1 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 Oct 3, 2026 |
|---|
| Draw Date | Sat Oct 3, 2026 | | Projected Jackpot | $440,000,000 | | Cash Value | $183,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,100,000 | | Federal Tax(24%) | $43,944,000 | | Additional Federal Tax | $23,763,330 | | State Tax(6.5%) | $11,901,500 | | Net Lumpsum Payment | $103,491,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,622,440 |
$2,410,633
$430,459 |
$3,781,348 |
| 2 |
$6,953,760 |
$2,533,222
$451,994 |
$3,968,544 |
| 3 |
$7,301,360 |
$2,661,834
$474,588 |
$4,164,938 |
| 4 |
$7,666,560 |
$2,796,958
$498,326 |
$4,371,276 |
| 5 |
$8,049,800 |
$2,938,756
$523,237 |
$4,587,807 |
| 6 |
$8,452,400 |
$3,087,718
$549,406 |
$4,815,276 |
| 7 |
$8,874,800 |
$3,244,006
$576,862 |
$5,053,932 |
| 8 |
$9,318,760 |
$3,408,272
$605,719 |
$5,304,769 |
| 9 |
$9,784,720 |
$3,580,677
$636,007 |
$5,568,036 |
| 10 |
$10,274,000 |
$3,761,710
$667,810 |
$5,844,480 |
| 11 |
$10,787,480 |
$3,951,698
$701,186 |
$6,134,596 |
| 12 |
$11,326,920 |
$4,151,291
$736,250 |
$6,439,379 |
| 13 |
$11,893,200 |
$4,360,814
$773,058 |
$6,759,328 |
| 14 |
$12,488,080 |
$4,580,920
$811,725 |
$7,095,435 |
| 15 |
$13,112,440 |
$4,811,933
$852,309 |
$7,448,198 |
| 16 |
$13,768,040 |
$5,054,505
$894,923 |
$7,818,612 |
| 17 |
$14,456,200 |
$5,309,124
$939,653 |
$8,207,423 |
| 18 |
$15,179,120 |
$5,576,605
$986,643 |
$8,615,872 |
| 19 |
$15,938,120 |
$5,857,435
$1,035,978 |
$9,044,707 |
| 20 |
$16,734,960 |
$6,152,266
$1,087,772 |
$9,494,922 |
| 21 |
$17,571,840 |
$6,461,911
$1,142,170 |
$9,967,759 |
| 22 |
$18,450,520 |
$6,787,023
$1,199,284 |
$10,464,213 |
| 23 |
$19,372,760 |
$7,128,252
$1,259,229 |
$10,985,279 |
| 24 |
$20,341,640 |
$7,486,737
$1,322,207 |
$11,532,696 |
| 25 |
$21,358,480 |
$7,862,968
$1,388,301 |
$12,107,211 |
| 26 |
$22,426,800 |
$8,258,246
$1,457,742 |
$12,710,812 |
| 27 |
$23,547,920 |
$8,673,061
$1,530,615 |
$13,344,244 |
| 28 |
$24,725,360 |
$9,108,714
$1,607,148 |
$14,009,498 |
| 29 |
$25,961,760 |
$9,566,182
$1,687,514 |
$14,708,064 |
| 30 |
$27,259,760 |
$10,046,442
$1,771,884 |
$15,441,434 |
|
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