The jackpot for the Powerball draw on Sat May 24, 2025, is projected to be $163 Million, with an option for a cash payout of $73.3 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 Sat May 24, 2025 |
| Draw Date |
Sat May 24, 2025 |
| Projected Jackpot |
$163,000,000 |
| Cash Value |
$73,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$73,300,000 |
| Federal Tax(24%) |
$17,592,000 |
| Additional Federal Tax |
$9,489,330 |
| State Tax(6.5%) |
$4,764,500 |
| Net Lumpsum Payment |
$41,454,170 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$159,465 |
$1,425,792 |
| 2 |
$2,576,052 |
$913,470
$167,443 |
$1,495,139 |
| 3 |
$2,704,822 |
$961,115
$175,813 |
$1,567,894 |
| 4 |
$2,840,112 |
$1,011,172
$184,607 |
$1,644,333 |
| 5 |
$2,982,085 |
$1,063,702
$193,836 |
$1,724,547 |
| 6 |
$3,131,230 |
$1,118,885
$203,530 |
$1,808,815 |
| 7 |
$3,287,710 |
$1,176,783
$213,701 |
$1,897,226 |
| 8 |
$3,452,177 |
$1,237,636
$224,392 |
$1,990,149 |
| 9 |
$3,624,794 |
$1,301,504
$235,612 |
$2,087,678 |
| 10 |
$3,806,050 |
$1,368,569
$247,393 |
$2,190,088 |
| 11 |
$3,996,271 |
$1,438,951
$259,758 |
$2,297,562 |
| 12 |
$4,196,109 |
$1,512,891
$272,747 |
$2,410,471 |
| 13 |
$4,405,890 |
$1,590,510
$286,383 |
$2,528,997 |
| 14 |
$4,626,266 |
$1,672,049
$300,707 |
$2,653,510 |
| 15 |
$4,857,563 |
$1,757,629
$315,742 |
$2,784,192 |
| 16 |
$5,100,433 |
$1,847,491
$331,528 |
$2,921,414 |
| 17 |
$5,355,365 |
$1,941,815
$348,099 |
$3,065,451 |
| 18 |
$5,623,174 |
$2,040,905
$365,506 |
$3,216,763 |
| 19 |
$5,904,349 |
$2,144,940
$383,783 |
$3,375,626 |
| 20 |
$6,199,542 |
$2,254,161
$402,970 |
$3,542,411 |
| 21 |
$6,509,568 |
$2,368,871
$423,122 |
$3,717,575 |
| 22 |
$6,835,079 |
$2,489,310
$444,280 |
$3,901,489 |
| 23 |
$7,176,727 |
$2,615,719
$466,487 |
$4,094,521 |
| 24 |
$7,535,653 |
$2,748,522
$489,817 |
$4,297,314 |
| 25 |
$7,912,346 |
$2,887,898
$514,302 |
$4,510,146 |
| 26 |
$8,308,110 |
$3,034,331
$540,027 |
$4,733,752 |
| 27 |
$8,723,434 |
$3,188,001
$567,023 |
$4,968,410 |
| 28 |
$9,159,622 |
$3,349,391
$595,375 |
$5,214,856 |
| 29 |
$9,617,652 |
$3,518,862
$625,147 |
$5,473,643 |
| 30 |
$10,098,502 |
$3,696,776
$656,403 |
$5,745,323 |
|
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