USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jun 6, 2017

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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 $80,000,000 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 6, 2017
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$402,543$58,038$743,534
2$1,264,321$424,819$60,940$778,561
3$1,327,537$448,209$63,987$815,341
4$1,393,913$472,768$67,187$853,959
5$1,463,609$498,556$70,546$894,507
6$1,536,790$525,632$74,073$937,084
7$1,613,629$554,063$77,777$981,789
8$1,694,310$583,915$81,666$1,028,730
9$1,779,026$615,260$85,749$1,078,017
10$1,867,977$648,172$90,037$1,129,769
11$1,961,376$682,729$94,538$1,184,108
12$2,059,445$719,015$99,265$1,241,165
13$2,162,417$757,115$104,229$1,301,074
14$2,270,538$797,119$109,440$1,363,979
15$2,384,065$839,124$114,912$1,430,029
16$2,503,268$883,229$120,658$1,499,381
17$2,628,432$929,540$126,690$1,572,201
18$2,759,853$978,166$133,025$1,648,662
19$2,897,846$1,029,223$139,676$1,728,946
20$3,042,738$1,082,833$146,660$1,813,245
21$3,194,875$1,139,124$153,993$1,901,758
22$3,354,619$1,198,229$161,693$1,994,697
23$3,522,350$1,260,290$169,777$2,092,283
24$3,698,467$1,325,453$178,266$2,194,748
25$3,883,391$1,393,875$187,179$2,302,336
26$4,077,560$1,465,718$196,538$2,415,304
27$4,281,438$1,541,152$206,365$2,533,920
28$4,495,510$1,620,359$216,684$2,658,467
29$4,720,286$1,703,526$227,518$2,789,242
30$4,956,300$1,790,851$238,894$2,926,555
Total$80,000,000$28,310,607$3,856,000$47,833,391

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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.