USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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The tax information provided here is based on 2025 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 $9,000,000 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 money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Fri, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$6,529$103,576
2$142,236$26,984$6,856$108,397
3$149,348$28,690$7,199$113,459
4$156,815$30,483$7,558$118,774
5$164,656$32,364$7,936$124,355
6$172,889$34,340$8,333$130,215
7$181,533$36,415$8,750$136,368
8$190,610$38,593$9,187$142,829
9$200,140$41,108$9,647$149,386
10$210,147$44,310$10,129$155,708
11$220,655$47,673$10,636$162,347
12$231,688$51,203$11,167$169,317
13$243,272$54,910$11,726$176,636
14$255,436$58,950$12,312$184,174
15$268,207$63,420$12,928$191,860
16$281,618$68,113$13,574$199,930
17$295,699$73,042$14,253$208,404
18$310,483$78,216$14,965$217,302
19$326,008$83,650$15,714$226,644
20$342,308$89,355$16,499$236,454
21$359,423$95,345$17,324$246,754
22$377,395$101,635$18,190$257,569
23$396,264$108,240$19,100$268,925
24$416,078$115,174$20,055$280,848
25$436,881$122,456$21,058$293,368
26$458,726$130,101$22,111$306,514
27$481,662$138,129$23,216$320,317
28$505,745$146,558$24,377$334,810
29$531,032$155,408$25,596$350,028
30$557,584$164,702$26,876$366,007
Total$9,000,000$2,284,925$433,801$6,281,275

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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.