USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Nov 11, 1992

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The tax information provided here is based on 2026 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 Powerball 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 $17,900,000 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:Wed, Nov 11, 1992
Jackpot:$17,900,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$319,159$80,475$14,617$224,066
2$331,925$84,943$15,202$231,780
3$345,202$89,590$15,810$239,802
4$359,010$94,423$16,443$248,145
5$373,371$99,449$17,100$256,821
6$388,305$104,676$17,784$265,845
7$403,838$110,112$18,496$275,229
8$419,991$115,766$19,236$284,989
9$436,791$121,646$20,005$295,140
10$454,262$127,761$20,805$305,696
11$472,433$134,121$21,637$316,675
12$491,330$140,735$22,503$328,092
13$510,983$147,613$23,403$339,967
14$531,423$154,767$24,339$352,316
15$552,680$162,207$25,313$365,160
16$574,787$169,945$26,325$378,517
17$597,778$177,992$27,378$392,408
18$621,690$186,361$28,473$406,856
19$646,557$195,183$29,612$421,761
20$672,419$204,752$30,797$436,870
21$699,316$214,704$32,029$452,583
22$727,289$225,054$33,310$468,925
23$756,380$235,818$34,642$485,920
24$786,636$247,012$36,028$503,595
25$818,101$258,655$37,469$521,977
26$850,825$270,763$38,968$541,095
27$884,858$283,355$40,526$560,977
28$920,252$296,451$42,148$581,654
29$957,062$310,070$43,833$603,159
30$995,345$324,235$45,587$625,523
Total$17,900,000$5,368,634$819,818$11,711,543

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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.