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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 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 $333,000,000 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, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$325,788$2,868,897
2$5,262,734$1,910,167$342,078$3,010,490
3$5,525,871$2,007,527$359,182$3,159,162
4$5,802,165$2,109,756$377,141$3,315,268
5$6,092,273$2,217,096$395,998$3,479,179
6$6,396,886$2,329,803$415,798$3,651,286
7$6,716,731$2,448,145$436,588$3,831,998
8$7,052,567$2,572,405$458,417$4,021,746
9$7,405,196$2,702,877$481,338$4,220,981
10$7,775,455$2,839,874$505,405$4,430,177
11$8,164,228$2,983,719$530,675$4,649,834
12$8,572,440$3,134,758$557,209$4,880,473
13$9,001,062$3,293,348$585,069$5,122,645
14$9,451,115$3,459,867$614,322$5,376,925
15$9,923,670$3,634,713$645,039$5,643,919
16$10,419,854$3,818,301$677,291$5,924,263
17$10,940,847$4,011,068$711,155$6,218,623
18$11,487,889$4,213,474$746,713$6,527,702
19$12,062,283$4,426,000$784,048$6,852,235
20$12,665,398$4,649,152$823,251$7,192,995
21$13,298,667$4,883,462$864,413$7,550,792
22$13,963,601$5,129,487$907,634$7,926,479
23$14,661,781$5,387,814$953,016$8,320,951
24$15,394,870$5,659,057$1,000,667$8,735,146
25$16,164,613$5,943,862$1,050,700$9,170,051
26$16,972,844$6,242,907$1,103,235$9,626,702
27$17,821,486$6,556,905$1,158,397$10,106,185
28$18,712,560$6,886,602$1,216,316$10,609,642
29$19,648,188$7,232,785$1,277,132$11,138,271
30$20,630,598$7,596,276$1,340,989$11,693,333
Total$333,000,001$122,098,649$21,645,004$189,256,350

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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.