4.82% state lottery tax
West Virginia Powerball Tax Calculator
Last updated:
West Virginia applies a 4.82% state lottery tax. Combined with the 24% federal withholding and the top-bracket federal adjustment, the effective tax on a large jackpot lands around 38–42%.
Note: 4.82% top rate
West Virginia after-tax take-home by jackpot tier
24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.
| Advertised | Cash take-home | Cash effective | Annuity take-home |
|---|---|---|---|
| $100M | $35.0M | 41.68% | $58.3M |
| $300M | $104.8M | 41.77% | $174.6M |
| $500M | $174.6M | 41.79% | $291.0M |
| $700M | $244.4M | 41.8% | $407.3M |
| $1B | $349.2M | 41.81% | $581.9M |
| $1.5B | $523.7M | 41.81% | $872.8M |
| $2B | $698.2M | 41.81% | $1.2B |
West Virginia vs neighboring states ($1B cash)
| State | Rate | Cash take-home |
|---|---|---|
| West Virginia (WV) | 4.82% | $349.2M |
| Virginia (VA) | 5.75% | $343.6M |
| Ohio (OH) | 3.5% | $357.1M |
| Pennsylvania (PA) | 3.07% | $359.7M |