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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jul 18, 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 $232,000,000 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 18, 2017
Jackpot:$232,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,491,933$1,249,035$168,311$2,074,586
2$3,666,530$1,313,636$176,727$2,176,167
3$3,849,856$1,381,467$185,563$2,282,826
4$4,042,349$1,452,689$194,841$2,394,818
5$4,244,466$1,527,473$204,583$2,512,410
6$4,456,690$1,605,995$214,812$2,635,882
7$4,679,524$1,688,444$225,553$2,765,527
8$4,913,500$1,775,015$236,831$2,901,654
9$5,159,175$1,865,915$248,672$3,044,588
10$5,417,134$1,961,360$261,106$3,194,668
11$5,687,991$2,061,577$274,161$3,352,253
12$5,972,390$2,166,805$287,869$3,517,716
13$6,271,010$2,277,294$302,263$3,691,453
14$6,584,560$2,393,308$317,376$3,873,877
15$6,913,788$2,515,122$333,245$4,065,422
16$7,259,478$2,643,027$349,907$4,266,544
17$7,622,452$2,777,327$367,402$4,477,722
18$8,003,574$2,918,343$385,772$4,699,459
19$8,403,753$3,066,409$405,061$4,932,283
20$8,823,941$3,221,878$425,314$5,176,748
21$9,265,138$3,385,121$446,580$5,433,437
22$9,728,395$3,556,526$468,909$5,702,960
23$10,214,814$3,736,502$492,354$5,985,959
24$10,725,555$3,925,476$516,972$6,283,108
25$11,261,833$4,123,898$542,820$6,595,114
26$11,824,924$4,332,242$569,961$6,922,721
27$12,416,171$4,551,003$598,459$7,266,708
28$13,036,979$4,780,702$628,382$7,627,894
29$13,688,828$5,021,887$659,802$8,007,140
30$14,373,270$5,275,130$692,792$8,405,348
Total$232,000,000$84,550,606$11,182,400$136,266,992

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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.