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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$261,173$3,195,473
2$5,689,443$2,062,114$274,231$3,353,097
3$5,973,915$2,167,369$287,943$3,518,603
4$6,272,610$2,277,886$302,340$3,692,385
5$6,586,241$2,393,929$317,457$3,874,855
6$6,915,553$2,515,775$333,330$4,066,448
7$7,261,331$2,643,713$349,996$4,267,622
8$7,624,397$2,778,047$367,496$4,478,854
9$8,005,617$2,919,099$385,871$4,700,648
10$8,405,898$3,067,202$405,164$4,933,531
11$8,826,193$3,222,712$425,422$5,178,059
12$9,267,502$3,385,996$446,694$5,434,813
13$9,730,877$3,557,445$469,028$5,704,404
14$10,217,421$3,737,466$492,480$5,987,475
15$10,728,292$3,926,488$517,104$6,284,700
16$11,264,707$4,124,962$542,959$6,596,786
17$11,827,942$4,333,359$570,107$6,924,477
18$12,419,339$4,552,176$598,612$7,268,551
19$13,040,306$4,781,934$628,543$7,629,830
20$13,692,322$5,023,179$659,970$8,009,173
21$14,376,938$5,276,487$692,968$8,407,482
22$15,095,785$5,542,461$727,617$8,825,707
23$15,850,574$5,821,733$763,998$9,264,844
24$16,643,102$6,114,968$802,198$9,725,937
25$17,475,258$6,422,866$842,307$10,210,085
26$18,349,021$6,746,158$884,423$10,718,440
27$19,266,472$7,085,615$928,644$11,252,213
28$20,229,795$7,442,044$975,076$11,812,674
29$21,241,285$7,816,296$1,023,830$12,401,159
30$22,303,349$8,209,259$1,075,021$13,019,068
Total$360,000,001$131,910,609$17,352,002$210,737,393

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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.