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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$317,962$2,800,865
2$5,136,302$1,863,387$333,860$2,939,056
3$5,393,117$1,958,408$350,553$3,084,156
4$5,662,773$2,058,181$368,080$3,236,512
5$5,945,912$2,162,942$386,484$3,396,485
6$6,243,207$2,272,942$405,808$3,564,457
7$6,555,368$2,388,441$426,099$3,740,828
8$6,883,136$2,509,715$447,404$3,926,017
9$7,227,293$2,637,053$469,774$4,120,466
10$7,588,658$2,770,758$493,263$4,324,637
11$7,968,091$2,911,149$517,926$4,539,016
12$8,366,495$3,058,558$543,822$4,764,115
13$8,784,820$3,213,338$571,013$5,000,468
14$9,224,061$3,375,858$599,564$5,248,639
15$9,685,264$3,546,503$629,542$5,509,219
16$10,169,527$3,725,680$661,019$5,782,828
17$10,678,003$3,913,816$694,070$6,070,117
18$11,211,904$4,111,359$728,774$6,371,771
19$11,772,499$4,318,780$765,212$6,688,507
20$12,361,124$4,536,571$803,473$7,021,080
21$12,979,180$4,765,252$843,647$7,370,282
22$13,628,139$5,005,366$885,829$7,736,943
23$14,309,546$5,257,487$930,120$8,121,938
24$15,025,023$5,522,214$976,626$8,526,183
25$15,776,274$5,800,176$1,025,458$8,950,640
26$16,565,088$6,092,038$1,076,731$9,396,320
27$17,393,343$6,398,492$1,130,567$9,864,284
28$18,263,009$6,720,268$1,187,096$10,355,645
29$19,176,160$7,058,134$1,246,450$10,871,575
30$20,134,968$7,412,893$1,308,773$11,413,302
Total$325,000,001$119,138,649$21,124,999$184,736,351

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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.