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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 2022

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The tax information provided here is based on 2025 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 $465,000,000 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:Tue, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,546,620$337,348$4,114,950
2$7,348,863$2,676,100$354,215$4,318,548
3$7,716,306$2,812,054$371,926$4,532,327
4$8,102,122$2,954,805$390,522$4,756,794
5$8,507,228$3,104,694$410,048$4,992,485
6$8,932,589$3,262,078$430,551$5,239,960
7$9,379,219$3,427,331$452,078$5,499,809
8$9,848,180$3,600,847$474,682$5,772,651
9$10,340,589$3,783,038$498,416$6,059,134
10$10,857,618$3,974,339$523,337$6,359,942
11$11,400,499$4,175,205$549,504$6,675,790
12$11,970,524$4,386,114$576,979$7,007,431
13$12,569,050$4,607,569$605,828$7,355,653
14$13,197,503$4,840,096$636,120$7,721,287
15$13,857,378$5,084,250$667,926$8,105,202
16$14,550,247$5,340,612$701,322$8,508,313
17$15,277,759$5,609,791$736,388$8,931,580
18$16,041,647$5,892,430$773,207$9,376,010
19$16,843,729$6,189,200$811,868$9,842,661
20$17,685,916$6,500,809$852,461$10,332,645
21$18,570,211$6,827,998$895,084$10,847,129
22$19,498,722$7,171,547$939,838$11,387,336
23$20,473,658$7,532,274$986,830$11,954,554
24$21,497,341$7,911,036$1,036,172$12,550,133
25$22,572,208$8,308,737$1,087,980$13,175,490
26$23,700,818$8,726,323$1,142,379$13,832,116
27$24,885,859$9,164,788$1,199,498$14,521,573
28$26,130,152$9,625,176$1,259,473$15,245,502
29$27,436,660$10,108,584$1,322,447$16,005,628
30$28,808,493$10,616,163$1,388,569$16,803,761
Total$465,000,001$170,760,608$22,412,996$271,826,394

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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.