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

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The tax information provided here is based on 2022 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 prize 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$1,544,560$277,849$2,452,198
2$4,488,338$1,623,640$291,742$2,572,956
3$4,712,755$1,706,674$306,329$2,699,751
4$4,948,393$1,793,860$321,646$2,832,887
5$5,195,812$1,885,405$337,728$2,972,679
6$5,455,603$1,981,528$354,614$3,119,461
7$5,728,383$2,082,457$372,345$3,273,581
8$6,014,802$2,188,432$390,962$3,435,408
9$6,315,542$2,299,706$410,510$3,605,326
10$6,631,319$2,416,543$431,036$3,783,740
11$6,962,885$2,539,223$452,588$3,971,075
12$7,311,030$2,668,036$475,217$4,167,777
13$7,676,581$2,803,290$498,978$4,374,313
14$8,060,410$2,945,307$523,927$4,591,177
15$8,463,431$3,094,424$550,123$4,818,883
16$8,886,602$3,250,998$577,629$5,057,975
17$9,330,932$3,415,400$606,511$5,309,022
18$9,797,479$3,588,022$636,836$5,572,621
19$10,287,353$3,769,276$668,678$5,849,399
20$10,801,720$3,959,592$702,112$6,140,017
21$11,341,806$4,159,423$737,217$6,445,166
22$11,908,897$4,369,247$774,078$6,765,572
23$12,504,342$4,589,561$812,782$7,101,998
24$13,129,559$4,820,892$853,421$7,455,246
25$13,786,036$5,063,789$896,092$7,826,156
26$14,475,339$5,318,830$940,897$8,215,611
27$15,199,105$5,586,624$987,942$8,624,540
28$15,959,061$5,867,807$1,037,339$9,053,914
29$16,757,014$6,163,050$1,089,206$9,504,758
30$17,594,864$6,473,055$1,143,666$9,978,143
Total$284,000,001$103,968,651$18,460,000$161,571,350

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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.