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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Apr 27, 2021

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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 $297,000,000 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, Apr 27, 2021
Jackpot:$297,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,470,276$1,609,959$215,467$2,644,849
2$4,693,790$1,692,660$226,241$2,774,890
3$4,928,479$1,779,495$237,553$2,911,432
4$5,174,904$1,870,672$249,430$3,054,802
5$5,433,649$1,966,407$261,902$3,205,339
6$5,705,331$2,066,930$274,997$3,363,404
7$5,990,598$2,172,478$288,747$3,529,373
8$6,290,128$2,283,304$303,184$3,703,639
9$6,604,634$2,399,672$318,343$3,886,619
10$6,934,866$2,521,858$334,261$4,078,748
11$7,281,609$2,650,153$350,974$4,280,483
12$7,645,689$2,784,862$368,522$4,492,305
13$8,027,974$2,926,308$386,948$4,714,718
14$8,429,373$3,074,825$406,296$4,948,252
15$8,850,841$3,230,768$426,611$5,193,462
16$9,293,383$3,394,509$447,941$5,450,933
17$9,758,052$3,566,437$470,338$5,721,278
18$10,245,955$3,746,961$493,855$6,005,139
19$10,758,253$3,936,511$518,548$6,303,194
20$11,296,165$4,135,538$544,475$6,616,152
21$11,860,974$4,344,517$571,699$6,944,757
22$12,454,022$4,563,945$600,284$7,289,793
23$13,076,723$4,794,345$630,298$7,652,080
24$13,730,559$5,036,264$661,813$8,032,482
25$14,417,087$5,290,280$694,904$8,431,904
26$15,137,942$5,556,996$729,649$8,851,297
27$15,894,839$5,837,048$766,131$9,291,660
28$16,689,581$6,131,102$804,438$9,754,041
29$17,524,060$6,439,859$844,660$10,239,541
30$18,400,263$6,764,055$886,893$10,749,316
Total$297,000,001$108,568,718$14,315,402$174,115,882

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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.