USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for West Virginia

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $154,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

West Virginia

Drawing Date:  Wed, Aug 31, 2016
Jackpot:$154,000,000
Federal Tax:  25%
State Tax:6.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,317,921$579,480$150,665$1,587,776
2$2,433,817$608,454$158,198$1,667,165
3$2,555,508$638,877$166,108$1,750,523
4$2,683,283$670,821$174,413$1,838,049
5$2,817,447$704,362$183,134$1,929,951
6$2,958,320$739,580$192,291$2,026,449
7$3,106,236$776,559$201,905$2,127,772
8$3,261,548$815,387$212,001$2,234,160
9$3,424,625$856,156$222,601$2,345,868
10$3,595,856$898,964$233,731$2,463,162
11$3,775,649$943,912$245,417$2,586,320
12$3,964,432$991,108$257,688$2,715,636
13$4,162,653$1,040,663$270,572$2,851,417
14$4,370,786$1,092,696$284,101$2,993,988
15$4,589,325$1,147,331$298,306$3,143,688
16$4,818,791$1,204,698$313,221$3,300,872
17$5,059,731$1,264,933$328,883$3,465,916
18$5,312,717$1,328,179$345,327$3,639,211
19$5,578,353$1,394,588$362,593$3,821,172
20$5,857,271$1,464,318$380,723$4,012,231
21$6,150,134$1,537,534$399,759$4,212,842
22$6,457,641$1,614,410$419,747$4,423,484
23$6,780,523$1,695,131$440,734$4,644,658
24$7,119,549$1,779,887$462,771$4,876,891
25$7,475,527$1,868,882$485,909$5,120,736
26$7,849,303$1,962,326$510,205$5,376,773
27$8,241,768$2,060,442$535,715$5,645,611
28$8,653,857$2,163,464$562,501$5,927,892
29$9,086,550$2,271,637$590,626$6,224,286
30$9,540,877$2,385,219$620,157$6,535,501
Total$154,000,000$38,500,000$10,010,000$105,490,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.