USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Oct 26, 2001

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The tax information provided here is based on 2026 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, Oct 26, 2001
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,109$6,204$104,150
2$142,236$26,735$6,514$108,987
3$149,348$28,441$6,840$114,066
4$156,815$30,234$7,182$119,399
5$164,656$32,115$7,541$124,999
6$172,889$34,091$7,918$130,879
7$181,533$36,166$8,314$137,053
8$190,610$38,344$8,730$143,536
9$200,140$40,632$9,166$150,342
10$210,147$43,703$9,625$156,820
11$220,655$47,066$10,106$163,483
12$231,688$50,596$10,611$170,480
13$243,272$54,303$11,142$177,827
14$255,436$58,195$11,699$185,541
15$268,207$62,642$12,284$193,282
16$281,618$67,335$12,898$201,384
17$295,699$72,264$13,543$209,892
18$310,483$77,438$14,220$218,825
19$326,008$82,872$14,931$228,205
20$342,308$88,577$15,678$238,053
21$359,423$94,567$16,462$248,394
22$377,395$100,857$17,285$259,253
23$396,264$107,462$18,149$270,654
24$416,078$114,396$19,056$282,625
25$436,881$121,678$20,009$295,195
26$458,726$129,323$21,010$308,393
27$481,662$137,351$22,060$322,251
28$505,745$145,780$23,163$336,802
29$531,032$154,630$24,321$352,080
30$557,584$163,924$25,537$368,123
Total$9,000,000$2,266,826$412,198$6,320,973

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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.