USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $11,600,000 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:Sat, Sep 26, 1992
Jackpot:$11,600,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$206,829$42,641$9,473$154,715
2$215,102$45,289$9,852$159,962
3$223,706$48,042$10,246$165,419
4$232,655$50,905$10,656$171,094
5$241,961$53,883$11,082$176,996
6$251,639$56,981$11,525$183,134
7$261,705$60,366$11,986$189,353
8$272,173$64,030$12,466$195,678
9$283,060$67,840$12,964$202,256
10$294,382$71,803$13,483$209,097
11$306,158$75,924$14,022$216,211
12$318,404$80,211$14,583$223,610
13$331,140$84,668$15,166$231,306
14$344,386$89,304$15,773$239,309
15$358,161$94,126$16,404$247,632
16$372,488$99,140$17,060$256,288
17$387,387$104,355$17,742$265,290
18$402,883$109,778$18,452$274,652
19$418,998$115,419$19,190$284,389
20$435,758$121,284$19,958$294,516
21$453,188$127,385$20,756$305,047
22$471,316$133,730$21,586$316,000
23$490,168$140,328$22,450$327,390
24$509,775$147,191$23,348$339,237
25$530,166$154,327$24,282$351,557
26$551,373$161,750$25,253$364,370
27$573,428$169,469$26,263$377,696
28$596,365$177,497$27,314$391,554
29$620,219$185,846$28,406$405,967
30$645,028$194,618$29,542$420,868
Total$11,600,000$3,128,130$531,283$7,940,593

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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.