USA Mega

West Virginia Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$277,849$2,456,966
2$4,488,338$1,618,873$291,742$2,577,723
3$4,712,755$1,701,907$306,329$2,704,519
4$4,948,393$1,789,093$321,646$2,837,654
5$5,195,812$1,880,638$337,728$2,977,446
6$5,455,603$1,976,761$354,614$3,124,228
7$5,728,383$2,077,689$372,345$3,278,349
8$6,014,802$2,183,665$390,962$3,440,175
9$6,315,542$2,294,938$410,510$3,610,094
10$6,631,319$2,411,776$431,036$3,788,508
11$6,962,885$2,534,455$452,588$3,975,842
12$7,311,030$2,663,269$475,217$4,172,544
13$7,676,581$2,798,523$498,978$4,379,081
14$8,060,410$2,940,540$523,927$4,595,944
15$8,463,431$3,089,657$550,123$4,823,651
16$8,886,602$3,246,231$577,629$5,062,743
17$9,330,932$3,410,633$606,511$5,313,789
18$9,797,479$3,583,255$636,836$5,577,388
19$10,287,353$3,764,508$668,678$5,854,167
20$10,801,720$3,954,824$702,112$6,144,784
21$11,341,806$4,154,656$737,217$6,449,933
22$11,908,897$4,364,480$774,078$6,770,339
23$12,504,342$4,584,794$812,782$7,106,765
24$13,129,559$4,816,124$853,421$7,460,013
25$13,786,036$5,059,021$896,092$7,830,923
26$14,475,339$5,314,063$940,897$8,220,379
27$15,199,105$5,581,857$987,942$8,629,307
28$15,959,061$5,863,040$1,037,339$9,058,681
29$16,757,014$6,158,283$1,089,206$9,509,525
30$17,594,864$6,468,288$1,143,666$9,982,911
Total$284,000,001$103,825,634$18,460,000$161,714,371

◄ Back to Jackpot Analysis

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.