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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Jan 28, 2022

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The tax information provided here is based on 2024 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 $426,000,000 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, Jan 28, 2022
Jackpot:$426,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,411,911$2,330,595$416,774$3,664,542
2$6,732,507$2,449,215$437,613$3,845,679
3$7,069,132$2,573,767$459,494$4,035,872
4$7,422,589$2,704,546$482,468$4,235,575
5$7,793,718$2,841,863$506,592$4,445,263
6$8,183,404$2,986,047$531,921$4,665,436
7$8,592,575$3,137,440$558,517$4,896,617
8$9,022,203$3,296,403$586,443$5,139,357
9$9,473,313$3,463,314$615,765$5,394,234
10$9,946,979$3,638,570$646,554$5,661,855
11$10,444,328$3,822,589$678,881$5,942,858
12$10,966,544$4,015,809$712,825$6,237,910
13$11,514,872$4,218,690$748,467$6,547,715
14$12,090,615$4,431,715$785,890$6,873,010
15$12,695,146$4,655,392$825,184$7,214,570
16$13,329,903$4,890,252$866,444$7,573,208
17$13,996,398$5,136,855$909,766$7,949,777
18$14,696,218$5,395,789$955,254$8,345,176
19$15,431,029$5,667,669$1,003,017$8,760,344
20$16,202,581$5,953,143$1,053,168$9,196,270
21$17,012,710$6,252,890$1,105,826$9,653,993
22$17,863,345$6,567,625$1,161,117$10,134,602
23$18,756,512$6,898,097$1,219,173$10,639,242
24$19,694,338$7,245,093$1,280,132$11,169,113
25$20,679,055$7,609,438$1,344,139$11,725,478
26$21,713,008$7,992,001$1,411,346$12,309,662
27$22,798,658$8,393,691$1,481,913$12,923,054
28$23,938,591$8,815,466$1,556,008$13,567,116
29$25,135,520$9,258,330$1,633,809$14,243,381
30$26,392,297$9,723,338$1,715,499$14,953,460
Total$426,000,001$156,365,632$27,689,999$241,944,369

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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.