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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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The tax information provided here is based on 2025 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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$541,768$76,175$962,457
2$1,659,421$571,006$79,984$1,008,431
3$1,742,392$601,705$83,983$1,056,703
4$1,829,511$633,939$88,182$1,107,389
5$1,920,987$667,785$92,592$1,160,610
6$2,017,036$703,324$97,221$1,216,491
7$2,117,888$740,639$102,082$1,275,167
8$2,223,783$779,820$107,186$1,336,776
9$2,334,972$820,960$112,546$1,401,466
10$2,451,720$864,157$118,173$1,469,391
11$2,574,306$909,514$124,082$1,540,711
12$2,703,022$957,138$130,286$1,615,598
13$2,838,173$1,007,144$136,800$1,694,229
14$2,980,081$1,059,650$143,640$1,776,791
15$3,129,085$1,114,782$150,822$1,863,482
16$3,285,540$1,172,670$158,363$1,954,507
17$3,449,816$1,233,452$166,281$2,050,083
18$3,622,307$1,297,274$174,595$2,150,438
19$3,803,423$1,364,287$183,325$2,255,811
20$3,993,594$1,434,650$192,491$2,366,453
21$4,193,273$1,508,531$202,116$2,482,626
22$4,402,937$1,586,107$212,222$2,604,609
23$4,623,084$1,667,561$222,833$2,732,690
24$4,854,238$1,753,088$233,974$2,867,176
25$5,096,950$1,842,892$245,673$3,008,385
26$5,351,798$1,937,185$257,957$3,156,656
27$5,619,388$2,036,194$270,854$3,312,339
28$5,900,357$2,140,152$284,397$3,475,807
29$6,195,375$2,249,309$298,617$3,647,449
30$6,505,144$2,363,923$313,548$3,827,672
Total$105,000,000$37,560,606$5,061,000$62,378,393

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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.