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West Virginia Mega Millions Jackpot Annuity Payout Schedule for May 17, 2019

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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 $339,000,000 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:Fri, May 17, 2019
Jackpot:$339,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,102,436$1,843,859$245,937$3,012,640
2$5,357,558$1,938,254$258,234$3,161,070
3$5,625,436$2,037,369$271,146$3,316,922
4$5,906,708$2,141,439$284,703$3,480,566
5$6,202,043$2,250,713$298,938$3,652,392
6$6,512,146$2,365,451$313,885$3,832,809
7$6,837,753$2,485,926$329,580$4,022,247
8$7,179,641$2,612,424$346,059$4,221,158
9$7,538,623$2,745,248$363,362$4,430,013
10$7,915,554$2,884,712$381,530$4,649,312
11$8,311,331$3,031,150$400,606$4,879,575
12$8,726,898$3,184,910$420,636$5,121,352
13$9,163,243$3,346,357$441,668$5,375,217
14$9,621,405$3,515,877$463,752$5,641,776
15$10,102,475$3,693,873$486,939$5,921,663
16$10,607,599$3,880,769$511,286$6,215,544
17$11,137,979$4,077,009$536,851$6,524,119
18$11,694,878$4,283,062$563,693$6,848,123
19$12,279,622$4,499,417$591,878$7,188,327
20$12,893,603$4,726,590$621,472$7,545,541
21$13,538,283$4,965,122$652,545$7,920,616
22$14,215,197$5,215,580$685,173$8,314,444
23$14,925,957$5,478,561$719,431$8,727,965
24$15,672,255$5,754,692$755,403$9,162,161
25$16,455,867$6,044,628$793,173$9,618,066
26$17,278,661$6,349,062$832,831$10,096,768
27$18,142,594$6,668,717$874,473$10,599,404
28$19,049,724$7,004,355$918,197$11,127,172
29$20,002,210$7,356,775$964,107$11,681,328
30$21,002,321$7,726,816$1,012,312$12,263,193
Total$339,000,001$124,108,717$16,339,800$198,551,483

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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.