USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Dec 7, 2004

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $10,000,000 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, Dec 7, 2004
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$9,783$111,565
2$158,040$30,972$10,273$116,795
3$165,942$32,869$10,786$122,287
4$174,239$34,860$11,326$128,054
5$182,951$36,951$11,892$134,109
6$192,099$39,158$12,486$140,454
7$201,704$42,232$13,111$146,361
8$211,789$45,459$13,766$152,564
9$222,378$48,848$14,455$159,076
10$233,497$52,406$15,177$165,914
11$245,172$56,185$15,936$173,051
12$257,431$60,475$16,733$180,222
13$270,302$64,981$17,570$187,752
14$283,817$69,711$18,448$195,658
15$298,008$74,678$19,371$203,960
16$312,909$79,893$20,339$212,677
17$328,554$85,369$21,356$221,829
18$344,982$91,118$22,424$231,440
19$362,231$97,156$23,545$241,530
20$380,342$103,495$24,722$252,125
21$399,359$110,151$25,958$263,250
22$419,327$117,139$27,256$274,932
23$440,294$124,478$28,619$287,197
24$462,308$132,183$30,050$300,076
25$485,424$140,273$31,553$313,598
26$509,695$148,768$33,130$327,797
27$535,180$157,688$34,787$342,705
28$561,939$167,053$36,526$358,359
29$590,036$176,887$38,352$374,796
30$619,537$187,417$40,270$391,851
Total$10,000,000$2,638,019$650,000$6,711,984

◄ Back to Jackpot Analysis

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.