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West Virginia Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$136,390$1,689,282
2$2,971,153$1,056,347$143,210$1,771,597
3$3,119,711$1,111,313$150,370$1,858,028
4$3,275,697$1,169,028$157,889$1,948,780
5$3,439,481$1,229,628$165,783$2,044,070
6$3,611,455$1,293,259$174,072$2,144,124
7$3,792,028$1,360,071$182,776$2,249,182
8$3,981,630$1,430,223$191,915$2,359,492
9$4,180,711$1,503,883$201,510$2,475,317
10$4,389,747$1,581,226$211,586$2,596,934
11$4,609,234$1,662,437$222,165$2,724,632
12$4,839,696$1,747,708$233,273$2,858,715
13$5,081,680$1,837,242$244,937$2,999,501
14$5,335,764$1,931,253$257,184$3,147,328
15$5,602,553$2,029,965$270,043$3,302,545
16$5,882,680$2,133,612$283,545$3,465,523
17$6,176,814$2,242,442$297,722$3,636,650
18$6,485,655$2,356,713$312,609$3,816,334
19$6,809,938$2,476,697$328,239$4,005,002
20$7,150,435$2,602,681$344,651$4,203,103
21$7,507,956$2,734,964$361,883$4,411,109
22$7,883,354$2,873,861$379,978$4,629,515
23$8,277,522$3,019,703$398,977$4,858,842
24$8,691,398$3,172,837$418,925$5,099,635
25$9,125,968$3,333,628$439,872$5,352,468
26$9,582,266$3,502,459$461,865$5,617,942
27$10,061,380$3,679,731$484,959$5,896,690
28$10,564,449$3,865,866$509,206$6,189,376
29$11,092,671$4,061,309$534,667$6,496,696
30$11,647,305$4,266,523$561,400$6,819,382
Total$188,000,000$68,270,607$9,061,601$110,667,794

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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.