USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jul 11, 2017

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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 $202,000,000 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, Jul 11, 2017
Jackpot:$202,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,040,390$1,080,902$146,547$1,812,942
2$3,192,409$1,137,149$153,874$1,901,387
3$3,352,030$1,196,208$161,568$1,994,254
4$3,519,631$1,258,221$169,646$2,091,764
5$3,695,613$1,323,334$178,129$2,194,150
6$3,880,394$1,391,703$187,035$2,301,656
7$4,074,413$1,463,490$196,387$2,414,536
8$4,278,134$1,538,867$206,206$2,533,061
9$4,492,041$1,618,012$216,516$2,657,512
10$4,716,643$1,701,115$227,342$2,788,185
11$4,952,475$1,788,373$238,709$2,925,393
12$5,200,099$1,879,994$250,645$3,069,460
13$5,460,103$1,976,196$263,177$3,220,731
14$5,733,109$2,077,207$276,336$3,379,565
15$6,019,764$2,183,270$290,153$3,546,341
16$6,320,752$2,294,636$304,660$3,721,456
17$6,636,790$2,411,569$319,893$3,905,327
18$6,968,629$2,534,350$335,888$4,098,391
19$7,317,061$2,663,270$352,682$4,301,109
20$7,682,914$2,798,635$370,316$4,513,962
21$8,067,059$2,940,769$388,832$4,737,458
22$8,470,412$3,090,010$408,274$4,972,129
23$8,893,933$3,246,713$428,688$5,218,533
24$9,338,630$3,411,250$450,122$5,477,257
25$9,805,561$3,584,015$472,628$5,748,918
26$10,295,839$3,765,418$496,259$6,034,162
27$10,810,631$3,955,891$521,072$6,333,668
28$11,351,163$4,155,887$547,126$6,648,149
29$11,918,721$4,365,884$574,482$6,978,355
30$12,514,657$4,586,380$603,206$7,325,070
Total$202,000,000$73,418,718$9,736,398$118,844,881

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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.