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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 2022

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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 $210,000,000 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, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$205,452$1,827,665
2$3,318,841$1,186,159$215,725$1,916,958
3$3,484,783$1,247,558$226,511$2,010,715
4$3,659,023$1,312,026$237,836$2,109,160
5$3,841,974$1,379,718$249,728$2,212,527
6$4,034,072$1,450,795$262,215$2,321,063
7$4,235,776$1,525,425$275,325$2,435,026
8$4,447,565$1,603,787$289,092$2,554,686
9$4,669,943$1,686,067$303,546$2,680,330
10$4,903,440$1,772,461$318,724$2,812,256
11$5,148,612$1,863,174$334,660$2,950,778
12$5,406,043$1,958,424$351,393$3,096,227
13$5,676,345$2,058,435$368,962$3,248,947
14$5,960,162$2,163,448$387,411$3,409,304
15$6,258,171$2,273,711$406,781$3,577,679
16$6,571,079$2,389,487$427,120$3,754,472
17$6,899,633$2,511,052$448,476$3,940,105
18$7,244,615$2,638,695$470,900$4,135,020
19$7,606,845$2,772,721$494,445$4,339,680
20$7,987,188$2,913,447$519,167$4,554,573
21$8,386,547$3,061,210$545,126$4,780,211
22$8,805,874$3,216,361$572,382$5,017,131
23$9,246,168$3,379,270$601,001$5,265,897
24$9,708,476$3,550,324$631,051$5,527,101
25$10,193,900$3,729,931$662,604$5,801,366
26$10,703,595$3,918,518$695,734$6,089,344
27$11,238,775$4,116,535$730,520$6,391,720
28$11,800,714$4,324,452$767,046$6,709,216
29$12,390,749$4,542,765$805,399$7,042,586
30$13,010,287$4,771,994$845,669$7,392,624
Total$210,000,000$76,445,634$13,650,001$119,904,367

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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.