USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Apr 19, 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 $168,000,000 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 19, 2005
Jackpot:$168,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,528,641$891,554$121,881$1,515,206
2$2,655,073$938,334$127,975$1,588,764
3$2,787,827$987,453$134,373$1,666,000
4$2,927,218$1,039,028$141,092$1,747,098
5$3,073,579$1,093,181$148,147$1,832,251
6$3,227,258$1,150,043$155,554$1,921,661
7$3,388,621$1,209,747$163,332$2,015,542
8$3,558,052$1,272,436$171,498$2,114,117
9$3,735,955$1,338,260$180,073$2,217,621
10$3,922,752$1,407,376$189,077$2,326,300
11$4,118,890$1,479,947$198,530$2,440,413
12$4,324,834$1,556,146$208,457$2,560,231
13$4,541,076$1,636,155$218,880$2,686,041
14$4,768,130$1,720,165$229,824$2,818,141
15$5,006,536$1,808,376$241,315$2,956,846
16$5,256,863$1,900,997$253,381$3,102,486
17$5,519,706$1,998,249$266,050$3,255,408
18$5,795,692$2,100,363$279,352$3,415,976
19$6,085,476$2,207,583$293,320$3,584,573
20$6,389,750$2,320,165$307,986$3,761,599
21$6,709,238$2,438,375$323,385$3,947,477
22$7,044,699$2,562,496$339,555$4,142,649
23$7,396,934$2,692,823$356,532$4,347,579
24$7,766,781$2,829,666$374,359$4,562,756
25$8,155,120$2,973,352$393,077$4,788,692
26$8,562,876$3,124,221$412,731$5,025,924
27$8,991,020$3,282,635$433,367$5,275,018
28$9,440,571$3,448,969$455,036$5,536,567
29$9,912,600$3,623,619$477,787$5,811,193
30$10,408,230$3,807,002$501,677$6,099,551
Total$168,000,000$60,838,716$8,097,603$99,063,680

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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.