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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Dec 27, 2005

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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 $75,000,000 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 27, 2005
Jackpot:$75,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,128,858$373,635$54,411$700,812
2$1,185,301$394,518$57,131$733,651
3$1,244,566$416,446$59,988$768,131
4$1,306,794$439,471$62,987$804,335
5$1,372,133$463,647$66,137$842,350
6$1,440,740$489,031$69,444$882,265
7$1,512,777$515,685$72,916$924,177
8$1,588,416$543,671$76,562$968,183
9$1,667,837$573,057$80,390$1,014,390
10$1,751,229$603,912$84,409$1,062,908
11$1,838,790$636,310$88,630$1,113,851
12$1,930,730$670,327$93,061$1,167,341
13$2,027,266$706,046$97,714$1,223,506
14$2,128,629$743,550$102,600$1,282,479
15$2,235,061$782,930$107,730$1,344,401
16$2,346,814$824,278$113,116$1,409,419
17$2,464,155$867,694$118,772$1,477,688
18$2,587,362$913,281$124,711$1,549,370
19$2,716,730$961,148$130,946$1,624,637
20$2,852,567$1,011,407$137,494$1,703,666
21$2,995,195$1,064,180$144,368$1,786,647
22$3,144,955$1,119,591$151,587$1,873,778
23$3,302,203$1,177,772$159,166$1,965,264
24$3,467,313$1,238,863$167,124$2,061,325
25$3,640,679$1,303,008$175,481$2,162,190
26$3,822,713$1,370,361$184,255$2,268,097
27$4,013,848$1,441,081$193,467$2,379,300
28$4,214,541$1,515,337$203,141$2,496,062
29$4,425,268$1,593,306$213,298$2,618,663
30$4,646,531$1,675,174$223,963$2,747,395
Total$75,000,000$26,428,717$3,614,999$44,956,281

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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.