The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(6.5%) | $11,654,500 | | Net Lumpsum Payment | $101,344,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$367,846 |
$3,237,104 |
| 2 |
$5,942,304 |
$2,158,983
$386,250 |
$3,397,071 |
| 3 |
$6,239,344 |
$2,268,888
$405,557 |
$3,564,899 |
| 4 |
$6,551,424 |
$2,384,357
$425,843 |
$3,741,224 |
| 5 |
$6,878,920 |
$2,505,531
$447,130 |
$3,926,259 |
| 6 |
$7,222,960 |
$2,632,826
$469,492 |
$4,120,642 |
| 7 |
$7,583,920 |
$2,766,381
$492,955 |
$4,324,584 |
| 8 |
$7,963,304 |
$2,906,753
$517,615 |
$4,538,936 |
| 9 |
$8,361,488 |
$3,054,081
$543,497 |
$4,763,910 |
| 10 |
$8,779,600 |
$3,208,782
$570,674 |
$5,000,144 |
| 11 |
$9,218,392 |
$3,371,135
$599,195 |
$5,248,062 |
| 12 |
$9,679,368 |
$3,541,697
$629,159 |
$5,508,512 |
| 13 |
$10,163,280 |
$3,720,744
$660,613 |
$5,781,923 |
| 14 |
$10,671,632 |
$3,908,834
$693,656 |
$6,069,142 |
| 15 |
$11,205,176 |
$4,106,246
$728,336 |
$6,370,594 |
| 16 |
$11,765,416 |
$4,313,534
$764,752 |
$6,687,130 |
| 17 |
$12,353,480 |
$4,531,118
$802,976 |
$7,019,386 |
| 18 |
$12,971,248 |
$4,759,692
$843,131 |
$7,368,425 |
| 19 |
$13,619,848 |
$4,999,674
$885,290 |
$7,734,884 |
| 20 |
$14,300,784 |
$5,251,620
$929,551 |
$8,119,613 |
| 21 |
$15,015,936 |
$5,516,227
$976,036 |
$8,523,673 |
| 22 |
$15,766,808 |
$5,794,049
$1,024,843 |
$8,947,916 |
| 23 |
$16,554,904 |
$6,085,645
$1,076,069 |
$9,393,190 |
| 24 |
$17,382,856 |
$6,391,987
$1,129,886 |
$9,860,983 |
| 25 |
$18,251,792 |
$6,713,493
$1,186,366 |
$10,351,933 |
| 26 |
$19,164,720 |
$7,051,277
$1,245,707 |
$10,867,736 |
| 27 |
$20,122,768 |
$7,405,755
$1,307,980 |
$11,409,033 |
| 28 |
$21,128,944 |
$7,778,040
$1,373,381 |
$11,977,523 |
| 29 |
$22,185,504 |
$8,168,967
$1,442,058 |
$12,574,479 |
| 30 |
$23,294,704 |
$8,579,371
$1,514,156 |
$13,201,177 |
|
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