USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Apr 10, 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 $33,000,000 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:Tue, Apr 10, 2001
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$142,613$23,941$330,143
2$521,532$151,306$25,138$345,089
3$547,609$160,432$26,395$360,782
4$574,989$170,016$27,714$377,259
5$603,739$180,078$29,100$394,561
6$633,926$190,643$30,555$412,727
7$665,622$202,237$32,083$431,302
8$698,903$214,551$33,687$450,665
9$733,848$227,481$35,371$470,996
10$770,541$241,057$37,140$492,343
11$809,068$255,312$38,997$514,758
12$849,521$270,280$40,947$538,294
13$891,997$285,996$42,994$563,007
14$936,597$302,498$45,144$588,955
15$983,427$319,825$47,401$616,200
16$1,032,598$338,019$49,771$644,808
17$1,084,228$357,122$52,260$674,847
18$1,138,439$377,180$54,873$706,387
19$1,195,361$398,241$57,616$739,504
20$1,255,129$420,355$60,497$774,277
21$1,317,886$443,575$63,522$810,789
22$1,383,780$467,956$66,698$849,126
23$1,452,969$493,556$70,033$889,380
24$1,525,618$520,436$73,535$931,647
25$1,601,899$548,660$77,212$976,027
26$1,681,994$578,295$81,072$1,022,627
27$1,766,093$609,412$85,126$1,071,556
28$1,854,398$642,084$89,382$1,122,931
29$1,947,118$676,391$93,851$1,176,876
30$2,044,474$712,413$98,544$1,233,518
Total$33,000,000$10,898,020$1,590,599$20,511,381

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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.