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: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$846,930$269,321$40,822$536,786
2$880,807$281,856$42,455$556,496
3$916,039$294,892$44,153$576,994
4$952,681$308,449$45,919$598,312
5$990,788$322,549$47,756$620,483
6$1,030,419$337,212$49,666$643,541
7$1,071,636$352,463$51,653$667,521
8$1,114,502$368,323$53,719$692,460
9$1,159,082$384,818$55,868$718,397
10$1,205,445$401,972$58,102$745,371
11$1,253,663$419,813$60,427$773,424
12$1,303,809$438,367$62,844$802,599
13$1,355,962$457,663$65,357$832,941
14$1,410,200$477,731$67,972$864,497
15$1,466,608$498,602$70,691$897,315
16$1,525,273$520,308$73,518$931,446
17$1,586,283$542,882$76,459$966,942
18$1,649,735$566,359$79,517$1,003,858
19$1,715,724$590,775$82,698$1,042,251
20$1,784,353$616,168$86,006$1,082,179
21$1,855,727$642,576$89,446$1,123,705
22$1,929,956$670,041$93,024$1,166,891
23$2,007,155$698,604$96,745$1,211,805
24$2,087,441$728,310$100,615$1,258,516
25$2,170,938$759,204$104,639$1,307,095
26$2,257,776$791,334$108,825$1,357,617
27$2,348,087$824,749$113,178$1,410,160
28$2,442,011$859,501$117,705$1,464,804
29$2,539,691$895,643$122,413$1,521,635
30$2,641,279$933,230$127,310$1,580,739
Total$47,500,000$16,253,715$2,289,502$28,956,780

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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.