The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(6.5%) | $4,823,000 | | Net Lumpsum Payment | $41,962,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$158,487 |
$1,417,288 |
| 2 |
$2,560,248 |
$907,622
$166,416 |
$1,486,210 |
| 3 |
$2,688,228 |
$954,975
$174,735 |
$1,558,518 |
| 4 |
$2,822,688 |
$1,004,725
$183,475 |
$1,634,488 |
| 5 |
$2,963,790 |
$1,056,933
$192,646 |
$1,714,211 |
| 6 |
$3,112,020 |
$1,111,778
$202,281 |
$1,797,961 |
| 7 |
$3,267,540 |
$1,169,320
$212,390 |
$1,885,830 |
| 8 |
$3,430,998 |
$1,229,800
$223,015 |
$1,978,183 |
| 9 |
$3,602,556 |
$1,293,276
$234,166 |
$2,075,114 |
| 10 |
$3,782,700 |
$1,359,929
$245,876 |
$2,176,895 |
| 11 |
$3,971,754 |
$1,429,879
$258,164 |
$2,283,711 |
| 12 |
$4,170,366 |
$1,503,366
$271,074 |
$2,395,926 |
| 13 |
$4,378,860 |
$1,580,509
$284,626 |
$2,513,725 |
| 14 |
$4,597,884 |
$1,661,547
$298,862 |
$2,637,475 |
| 15 |
$4,827,762 |
$1,746,602
$313,805 |
$2,767,355 |
| 16 |
$5,069,142 |
$1,835,913
$329,494 |
$2,903,735 |
| 17 |
$5,322,510 |
$1,929,659
$345,963 |
$3,046,888 |
| 18 |
$5,588,676 |
$2,028,141
$363,264 |
$3,197,271 |
| 19 |
$5,868,126 |
$2,131,537
$381,428 |
$3,355,161 |
| 20 |
$6,161,508 |
$2,240,088
$400,498 |
$3,520,922 |
| 21 |
$6,469,632 |
$2,354,094
$420,526 |
$3,695,012 |
| 22 |
$6,793,146 |
$2,473,794
$441,554 |
$3,877,798 |
| 23 |
$7,132,698 |
$2,599,429
$463,625 |
$4,069,644 |
| 24 |
$7,489,422 |
$2,731,417
$486,812 |
$4,271,193 |
| 25 |
$7,863,804 |
$2,869,938
$511,147 |
$4,482,719 |
| 26 |
$8,257,140 |
$3,015,472
$536,714 |
$4,704,954 |
| 27 |
$8,669,916 |
$3,168,199
$563,545 |
$4,938,172 |
| 28 |
$9,103,428 |
$3,328,599
$591,723 |
$5,183,106 |
| 29 |
$9,558,648 |
$3,497,030
$621,312 |
$5,440,306 |
| 30 |
$10,036,548 |
$3,673,853
$652,376 |
$5,710,319 |
|
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