USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Mar 13, 1999

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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 $39,100,000 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, Mar 13, 1999
Jackpot:$39,100,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$697,157$213,905$31,930$451,322
2$725,043$224,223$33,207$467,613
3$754,045$234,954$34,535$484,556
4$784,207$246,114$35,917$502,176
5$815,575$257,720$37,353$520,502
6$848,198$269,790$38,847$539,560
7$882,126$282,344$40,401$559,381
8$917,411$295,399$42,017$579,994
9$954,107$308,977$43,698$601,432
10$992,272$323,098$45,446$623,728
11$1,031,962$337,783$47,264$646,915
12$1,073,241$353,056$49,154$671,030
13$1,116,171$368,940$51,121$696,110
14$1,160,817$385,460$53,165$722,192
15$1,207,250$402,640$55,292$749,318
16$1,255,540$420,507$57,504$777,529
17$1,305,762$439,089$59,804$806,869
18$1,357,992$458,414$62,196$837,382
19$1,412,312$478,513$64,684$869,115
20$1,468,804$499,415$67,271$902,118
21$1,527,557$521,153$69,962$936,441
22$1,588,659$543,761$72,761$972,137
23$1,652,205$567,273$75,671$1,009,261
24$1,718,293$591,726$78,698$1,047,870
25$1,787,025$617,157$81,846$1,088,023
26$1,858,506$643,605$85,120$1,129,782
27$1,932,846$671,110$88,524$1,173,212
28$2,010,160$699,717$92,065$1,218,378
29$2,090,567$729,467$95,748$1,265,352
30$2,174,189$760,407$99,578$1,314,204
Total$39,100,000$13,145,717$1,790,779$24,163,502

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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.