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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $850,000,000 for a ticket purchased in West Virginia, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$831,592$7,264,379
2$13,433,406$4,934,432$873,171$7,625,802
3$14,105,076$5,182,950$916,830$8,005,296
4$14,810,330$5,443,894$962,671$8,403,764
5$15,550,846$5,717,885$1,010,805$8,822,156
6$16,328,389$6,005,576$1,061,345$9,261,467
7$17,144,809$6,307,651$1,114,413$9,722,745
8$18,002,049$6,624,830$1,170,133$10,207,085
9$18,902,151$6,957,868$1,228,640$10,715,643
10$19,847,259$7,307,558$1,290,072$11,249,629
11$20,839,622$7,674,732$1,354,575$11,810,314
12$21,881,603$8,060,265$1,422,304$12,399,033
13$22,975,683$8,465,075$1,493,419$13,017,189
14$24,124,467$8,890,125$1,568,090$13,666,252
15$25,330,690$9,336,428$1,646,495$14,347,768
16$26,597,225$9,805,046$1,728,820$15,063,360
17$27,927,086$10,297,094$1,815,261$15,814,731
18$29,323,440$10,813,745$1,906,024$16,603,671
19$30,789,612$11,356,229$2,001,325$17,432,059
20$32,329,093$11,925,837$2,101,391$18,301,865
21$33,945,547$12,523,925$2,206,461$19,215,162
22$35,642,825$13,151,917$2,316,784$20,174,124
23$37,424,966$13,811,310$2,432,623$21,181,034
24$39,296,214$14,503,671$2,554,254$22,238,289
25$41,261,025$15,230,651$2,681,967$23,348,407
26$43,324,077$15,993,981$2,816,065$24,514,031
27$45,490,280$16,795,476$2,956,868$25,737,936
28$47,764,794$17,637,046$3,104,712$27,023,036
29$50,153,034$18,520,695$3,259,947$28,372,392
30$52,660,686$19,448,526$3,422,945$29,789,215
Total$850,000,002$313,422,167$55,250,002$481,327,834

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.