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

Powerball Annuity Jackpot Analysis for West Virginia (Jan. 16, 2019 Drawing)

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 $112,000,000 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:  Jan. 16, 2019
Jackpot:$112,000,000
Federal Tax:  24%
State Tax:6.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,685,761$404,583$109,574$1,171,604
2$1,770,049$424,812$115,053$1,230,184
3$1,858,551$446,052$120,806$1,291,693
4$1,951,479$468,355$126,846$1,356,278
5$2,049,053$491,773$133,188$1,424,092
6$2,151,505$516,361$139,848$1,495,296
7$2,259,081$542,179$146,840$1,570,061
8$2,372,035$569,288$154,182$1,648,564
9$2,490,636$597,753$161,891$1,730,992
10$2,615,168$627,640$169,986$1,817,542
11$2,745,927$659,022$178,485$1,908,419
12$2,883,223$691,974$187,409$2,003,840
13$3,027,384$726,572$196,780$2,104,032
14$3,178,753$762,901$206,619$2,209,234
15$3,337,691$801,046$216,950$2,319,695
16$3,504,576$841,098$227,797$2,435,680
17$3,679,804$883,153$239,187$2,557,464
18$3,863,794$927,311$251,147$2,685,337
19$4,056,984$973,676$263,704$2,819,604
20$4,259,833$1,022,360$276,889$2,960,584
21$4,472,825$1,073,478$290,734$3,108,613
22$4,696,466$1,127,152$305,270$3,264,044
23$4,931,290$1,183,510$320,534$3,427,246
24$5,177,854$1,242,685$336,561$3,598,609
25$5,436,747$1,304,819$353,389$3,778,539
26$5,708,584$1,370,060$371,058$3,967,466
27$5,994,013$1,438,563$389,611$4,165,839
28$6,293,714$1,510,491$409,091$4,374,131
29$6,608,400$1,586,016$429,546$4,592,838
30$6,938,820$1,665,317$451,023$4,822,480
Total$112,000,000$26,880,000$7,280,000$77,840,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.