USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Nov 4, 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 $47,500,000 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 4, 2000
Jackpot:$47,500,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$846,930$269,321$38,789$538,819
2$880,807$281,856$40,341$558,610
3$916,039$294,892$41,955$579,193
4$952,681$308,449$43,633$600,599
5$990,788$322,549$45,378$622,861
6$1,030,419$337,212$47,193$646,014
7$1,071,636$352,463$49,081$670,093
8$1,114,502$368,323$51,044$695,135
9$1,159,082$384,818$53,086$721,178
10$1,205,445$401,972$55,209$748,264
11$1,253,663$419,813$57,418$776,433
12$1,303,809$438,367$59,714$805,728
13$1,355,962$457,663$62,103$836,196
14$1,410,200$477,731$64,587$867,882
15$1,466,608$498,602$67,171$900,835
16$1,525,273$520,308$69,857$935,107
17$1,586,283$542,882$72,652$970,750
18$1,649,735$566,359$75,558$1,007,818
19$1,715,724$590,775$78,580$1,046,369
20$1,784,353$616,168$81,723$1,086,462
21$1,855,727$642,576$84,992$1,128,159
22$1,929,956$670,041$88,392$1,171,523
23$2,007,155$698,604$91,928$1,216,622
24$2,087,441$728,310$95,605$1,263,526
25$2,170,938$759,204$99,429$1,312,305
26$2,257,776$791,334$103,406$1,363,035
27$2,348,087$824,749$107,542$1,415,795
28$2,442,011$859,501$111,844$1,470,665
29$2,539,691$895,643$116,318$1,527,730
30$2,641,279$933,230$120,971$1,587,078
Total$47,500,000$16,253,715$2,175,499$29,070,784

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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.