USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 1999

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The tax information provided here is based on 2024 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 $35,000,000 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, Jan 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$154,755$34,242$337,803
2$553,140$163,974$35,954$353,212
3$580,797$173,654$37,752$369,392
4$609,837$183,827$39,639$386,370
5$640,329$195,109$41,621$403,598
6$672,345$206,956$43,702$421,687
7$705,963$219,394$45,888$440,681
8$741,261$232,454$48,182$460,625
9$778,324$246,168$50,591$481,565
10$817,240$260,567$53,121$503,553
11$858,102$275,686$55,777$526,640
12$901,007$291,560$58,565$550,881
13$946,058$308,229$61,494$576,335
14$993,360$325,731$64,568$603,061
15$1,043,028$344,108$67,797$631,123
16$1,095,180$363,404$71,187$660,589
17$1,149,939$383,665$74,746$691,528
18$1,207,436$404,939$78,483$724,013
19$1,267,808$427,277$82,407$758,124
20$1,331,198$450,731$86,528$793,939
21$1,397,758$475,358$90,854$831,545
22$1,467,646$501,217$95,397$871,032
23$1,541,028$528,368$100,167$912,493
24$1,618,079$556,877$105,175$956,027
25$1,698,983$586,812$110,434$1,001,738
26$1,783,933$618,243$115,956$1,049,734
27$1,873,129$651,246$121,753$1,100,130
28$1,966,786$685,898$127,841$1,153,046
29$2,065,125$722,284$134,233$1,208,608
30$2,168,381$760,489$140,945$1,266,948
Total$35,000,000$11,698,980$2,274,999$21,026,020

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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.