USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Nov 11, 2000

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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 $60,300,000 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, Nov 11, 2000
Jackpot:$60,300,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,075,155$353,765$49,242$672,148
2$1,118,161$369,677$51,212$697,273
3$1,162,888$386,226$53,260$723,402
4$1,209,403$403,436$55,391$750,576
5$1,257,779$421,336$57,606$778,837
6$1,308,090$439,951$59,911$808,229
7$1,360,414$459,310$62,307$838,797
8$1,414,831$479,445$64,799$870,587
9$1,471,424$500,384$67,391$903,649
10$1,530,281$522,161$70,087$938,033
11$1,591,492$544,809$72,890$973,792
12$1,655,152$568,363$75,806$1,010,982
13$1,721,358$592,860$78,838$1,049,660
14$1,790,212$618,336$81,992$1,089,885
15$1,861,821$644,831$85,271$1,131,718
16$1,936,293$672,386$88,682$1,175,225
17$2,013,745$701,043$92,230$1,220,473
18$2,094,295$730,846$95,919$1,267,530
19$2,178,067$761,842$99,755$1,316,469
20$2,265,189$794,077$103,746$1,367,366
21$2,355,797$827,602$107,896$1,420,299
22$2,450,029$862,468$112,211$1,475,350
23$2,548,030$898,728$116,700$1,532,602
24$2,649,951$936,439$121,368$1,592,144
25$2,755,949$975,658$126,222$1,654,068
26$2,866,187$1,016,447$131,271$1,718,469
27$2,980,835$1,058,866$136,522$1,785,446
28$3,100,068$1,102,982$141,983$1,855,103
29$3,224,071$1,148,863$147,662$1,927,545
30$3,353,034$1,196,580$153,569$2,002,885
Total$60,300,000$20,989,717$2,761,739$36,548,542

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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.