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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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The tax information provided here is based on 2021 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 $188,000,000 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 prize money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Fri, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$183,929$1,634,691
2$2,971,153$1,063,399$193,125$1,714,629
3$3,119,711$1,118,365$202,781$1,798,564
4$3,275,697$1,176,080$212,920$1,886,696
5$3,439,481$1,236,680$223,566$1,979,235
6$3,611,455$1,300,311$234,745$2,076,400
7$3,792,028$1,367,123$246,482$2,178,424
8$3,981,630$1,437,275$258,806$2,285,548
9$4,180,711$1,510,935$271,746$2,398,030
10$4,389,747$1,588,278$285,334$2,516,135
11$4,609,234$1,669,489$299,600$2,640,145
12$4,839,696$1,754,760$314,580$2,770,356
13$5,081,680$1,844,294$330,309$2,907,077
14$5,335,764$1,938,305$346,825$3,050,635
15$5,602,553$2,037,017$364,166$3,201,370
16$5,882,680$2,140,664$382,374$3,359,642
17$6,176,814$2,249,494$401,493$3,525,828
18$6,485,655$2,363,765$421,568$3,700,323
19$6,809,938$2,483,749$442,646$3,883,543
20$7,150,435$2,609,733$464,778$4,075,923
21$7,507,956$2,742,016$488,017$4,277,923
22$7,883,354$2,880,913$512,418$4,490,023
23$8,277,522$3,026,755$538,039$4,712,728
24$8,691,398$3,179,889$564,941$4,946,568
25$9,125,968$3,340,680$593,188$5,192,100
26$9,582,266$3,509,511$622,847$5,449,908
27$10,061,380$3,686,783$653,990$5,720,607
28$10,564,449$3,872,918$686,689$6,004,841
29$11,092,671$4,068,361$721,024$6,303,287
30$11,647,305$4,273,575$757,075$6,616,655
Total$188,000,000$68,482,167$12,220,001$107,297,834

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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.