The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 Apr 5, 2025 |
|---|
| Draw Date | Sat Apr 5, 2025 | | Projected Jackpot | $47,000,000 | | Cash Value | $21,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,800,000 | | Federal Tax(24%) | $5,232,000 | | Additional Federal Tax | $2,794,330 | | State Tax(6.5%) | $1,417,000 | | Net Lumpsum Payment | $12,356,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$707,397 |
$222,067
$45,981 |
$439,349 |
| 2 |
$742,788 |
$235,162
$48,281 |
$459,345 |
| 3 |
$779,918 |
$248,900
$50,695 |
$480,323 |
| 4 |
$818,928 |
$263,334
$53,230 |
$502,364 |
| 5 |
$859,865 |
$278,480
$55,891 |
$525,494 |
| 6 |
$902,870 |
$294,392
$58,687 |
$549,791 |
| 7 |
$947,990 |
$311,087
$61,619 |
$575,284 |
| 8 |
$995,413 |
$328,633
$64,702 |
$602,078 |
| 9 |
$1,045,186 |
$347,049
$67,937 |
$630,200 |
| 10 |
$1,097,450 |
$366,387
$71,334 |
$659,729 |
| 11 |
$1,152,299 |
$386,681
$74,899 |
$690,719 |
| 12 |
$1,209,921 |
$408,001
$78,645 |
$723,275 |
| 13 |
$1,270,410 |
$430,382
$82,577 |
$757,451 |
| 14 |
$1,333,954 |
$453,893
$86,707 |
$793,354 |
| 15 |
$1,400,647 |
$478,570
$91,042 |
$831,035 |
| 16 |
$1,470,677 |
$504,481
$95,594 |
$870,602 |
| 17 |
$1,544,185 |
$531,679
$100,372 |
$912,134 |
| 18 |
$1,621,406 |
$560,251
$105,391 |
$955,764 |
| 19 |
$1,702,481 |
$590,248
$110,661 |
$1,001,572 |
| 20 |
$1,787,598 |
$621,742
$116,194 |
$1,049,662 |
| 21 |
$1,876,992 |
$654,817
$122,004 |
$1,100,171 |
| 22 |
$1,970,851 |
$689,545
$128,105 |
$1,153,201 |
| 23 |
$2,069,363 |
$725,995
$134,509 |
$1,208,859 |
| 24 |
$2,172,857 |
$764,287
$141,236 |
$1,267,334 |
| 25 |
$2,281,474 |
$804,476
$148,296 |
$1,328,702 |
| 26 |
$2,395,590 |
$846,699
$155,713 |
$1,393,178 |
| 27 |
$2,515,346 |
$891,008
$163,497 |
$1,460,841 |
| 28 |
$2,641,118 |
$937,544
$171,673 |
$1,531,901 |
| 29 |
$2,773,188 |
$986,410
$180,257 |
$1,606,521 |
| 30 |
$2,911,838 |
$1,037,710
$189,269 |
$1,684,859 |
|
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