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 $422,000,000 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, Jul 27, 2016
Jackpot:$422,000,000
Federal Tax:  25%
State Tax:6.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,351,706$1,587,926$412,861$4,350,918
2$6,669,291$1,667,323$433,504$4,568,464
3$7,002,755$1,750,689$455,179$4,796,887
4$7,352,893$1,838,223$477,938$5,036,732
5$7,720,538$1,930,134$501,835$5,288,568
6$8,106,565$2,026,641$526,927$5,552,997
7$8,511,893$2,127,973$553,273$5,830,647
8$8,937,488$2,234,372$580,937$6,122,179
9$9,384,362$2,346,091$609,984$6,428,288
10$9,853,580$2,463,395$640,483$6,749,702
11$10,346,259$2,586,565$672,507$7,087,188
12$10,863,572$2,715,893$706,132$7,441,547
13$11,406,751$2,851,688$741,439$7,813,624
14$11,977,088$2,994,272$778,511$8,204,306
15$12,575,943$3,143,986$817,436$8,614,521
16$13,204,740$3,301,185$858,308$9,045,247
17$13,864,977$3,466,244$901,223$9,497,509
18$14,558,226$3,639,556$946,285$9,972,385
19$15,286,137$3,821,534$993,599$10,471,004
20$16,050,444$4,012,611$1,043,279$10,994,554
21$16,852,966$4,213,241$1,095,443$11,544,282
22$17,695,614$4,423,904$1,150,215$12,121,496
23$18,580,395$4,645,099$1,207,726$12,727,571
24$19,509,414$4,877,354$1,268,112$13,363,949
25$20,484,885$5,121,221$1,331,518$14,032,146
26$21,509,130$5,377,282$1,398,093$14,733,754
27$22,584,586$5,646,147$1,467,998$15,470,442
28$23,713,815$5,928,454$1,541,398$16,243,963
29$24,899,506$6,224,877$1,618,468$17,056,162
30$26,144,482$6,536,120$1,699,391$17,908,970
Total$422,000,001$105,500,000$27,430,000$289,070,001
<( 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.