USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Apr 3, 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 $25,000,000 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 3, 2001
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$100,469$18,137$257,680
2$395,100$107,054$19,044$269,002
3$414,855$113,969$19,996$280,891
4$435,598$121,229$20,996$293,374
5$457,378$128,851$22,046$306,481
6$480,247$136,856$23,148$320,243
7$504,259$145,260$24,305$334,694
8$529,472$154,084$25,521$349,867
9$555,946$163,350$26,797$365,799
10$583,743$173,079$28,136$382,527
11$612,930$183,295$29,543$400,092
12$643,577$194,081$31,020$418,476
13$675,755$205,987$32,571$437,197
14$709,543$218,488$34,200$456,855
15$745,020$231,615$35,910$477,496
16$782,271$245,398$37,705$499,168
17$821,385$259,870$39,591$521,924
18$862,454$275,065$41,570$545,819
19$905,577$291,021$43,649$570,907
20$950,856$307,774$45,831$597,251
21$998,398$325,365$48,123$624,911
22$1,048,318$343,835$50,529$653,954
23$1,100,734$363,229$53,055$684,450
24$1,155,771$383,593$55,708$716,470
25$1,213,560$404,974$58,494$750,092
26$1,274,238$427,425$61,418$785,394
27$1,337,949$450,999$64,489$822,462
28$1,404,847$475,751$67,714$861,383
29$1,475,089$501,740$71,099$902,250
30$1,548,844$529,029$74,654$945,160
Total$25,000,000$7,962,735$1,204,999$15,832,269

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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.