USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jun 11, 2013

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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 $21,000,000 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, Jun 11, 2013
Jackpot:$21,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$316,080$79,397$15,235$221,448
2$331,884$84,929$15,997$230,959
3$348,478$90,737$16,797$240,945
4$365,902$96,835$17,636$251,431
5$384,197$103,238$18,518$262,441
6$403,407$109,962$19,444$274,001
7$423,578$117,021$20,416$286,140
8$444,757$124,434$21,437$298,885
9$466,994$132,217$22,509$312,268
10$490,344$140,390$23,635$326,320
11$514,861$148,971$24,816$341,074
12$540,604$157,981$26,057$356,566
13$567,635$167,441$27,360$372,833
14$596,016$177,375$28,728$389,913
15$625,817$187,805$30,164$407,847
16$657,108$199,087$31,673$426,348
17$689,963$211,244$33,256$445,463
18$724,461$224,008$34,919$465,534
19$760,685$237,411$36,665$486,609
20$798,719$251,483$38,498$508,737
21$838,655$266,259$40,423$531,972
22$880,587$281,775$42,444$556,369
23$924,617$298,065$44,567$581,985
24$970,848$315,171$46,795$608,882
25$1,019,390$333,132$49,135$637,124
26$1,070,360$351,990$51,591$666,778
27$1,123,878$371,792$54,171$697,915
28$1,180,071$392,584$56,879$730,608
29$1,239,075$414,415$59,723$764,937
30$1,301,029$437,338$62,710$800,981
Total$21,000,000$6,504,487$1,012,198$13,483,313

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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.