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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Nov 11, 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 $189,000,000 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, Nov 11, 2022
Jackpot:$189,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,844,721$1,010,735$184,907$1,649,080
2$2,986,957$1,063,362$194,152$1,729,443
3$3,136,305$1,118,621$203,860$1,813,825
4$3,293,121$1,176,642$214,053$1,902,425
5$3,457,776$1,237,565$224,755$1,995,456
6$3,630,665$1,301,534$235,993$2,093,138
7$3,812,199$1,368,701$247,793$2,195,704
8$4,002,809$1,439,227$260,183$2,303,399
9$4,202,949$1,513,279$273,192$2,416,478
10$4,413,096$1,591,033$286,851$2,535,212
11$4,633,751$1,672,676$301,194$2,659,882
12$4,865,439$1,758,400$316,254$2,790,785
13$5,108,711$1,848,411$332,066$2,928,234
14$5,364,146$1,942,922$348,670$3,072,555
15$5,632,353$2,042,159$366,103$3,224,092
16$5,913,971$2,146,357$384,408$3,383,206
17$6,209,670$2,255,766$403,629$3,550,276
18$6,520,153$2,370,644$423,810$3,725,699
19$6,846,161$2,491,267$445,000$3,909,893
20$7,188,469$2,617,921$467,250$4,103,297
21$7,547,892$2,750,908$490,613$4,306,371
22$7,925,287$2,890,544$515,144$4,519,599
23$8,321,551$3,037,162$540,901$4,743,489
24$8,737,629$3,191,110$567,946$4,978,572
25$9,174,510$3,352,757$596,343$5,225,411
26$9,633,236$3,522,485$626,160$5,484,591
27$10,114,898$3,700,700$657,468$5,756,729
28$10,620,642$3,887,825$690,342$6,042,475
29$11,151,675$4,084,307$724,859$6,342,508
30$11,709,258$4,290,613$761,102$6,657,543
Total$189,000,000$68,675,633$12,285,001$108,039,367

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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.