USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Nov 25, 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 $5,400,000 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 25, 1992
Jackpot:$5,400,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$96,283$15,894$4,410$75,979
2$100,134$16,741$4,586$78,806
3$104,139$17,623$4,770$81,747
4$108,305$18,591$4,960$84,753
5$112,637$19,631$5,159$87,847
6$117,142$20,712$5,365$91,065
7$121,828$21,837$5,580$94,412
8$126,701$23,006$5,803$97,892
9$131,769$24,223$6,035$101,512
10$137,040$25,488$6,276$105,276
11$142,522$26,803$6,527$109,191
12$148,223$28,171$6,789$113,263
13$154,151$29,594$7,060$117,497
14$160,317$31,074$7,343$121,901
15$166,730$32,613$7,636$126,481
16$173,399$34,214$7,942$131,244
17$180,335$35,878$8,259$136,198
18$187,549$37,610$8,590$141,349
19$195,051$39,410$8,933$146,707
20$202,853$41,369$9,291$152,193
21$210,967$43,965$9,662$157,339
22$219,406$46,666$10,049$162,691
23$228,182$49,474$10,451$168,257
24$237,309$52,395$10,869$174,045
25$246,801$55,432$11,304$180,065
26$256,673$58,605$11,756$186,313
27$266,940$62,198$12,226$192,516
28$277,618$65,936$12,715$198,968
29$288,723$69,822$13,224$205,677
30$300,272$73,864$13,752$212,655
Total$5,400,000$1,118,839$247,322$4,033,839

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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.