USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Mar 18, 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 $18,900,000 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 18, 2000
Jackpot:$18,900,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$336,989$86,715$16,243$234,031
2$350,468$91,433$16,893$242,143
3$364,487$96,340$17,568$250,579
4$379,067$101,443$18,271$259,353
5$394,229$106,750$19,002$268,478
6$409,998$112,269$19,762$277,968
7$426,398$118,009$20,552$287,837
8$443,454$123,978$21,375$298,102
9$461,193$130,187$22,229$308,776
10$479,640$136,643$23,119$319,878
11$498,826$143,358$24,043$331,424
12$518,779$150,342$25,005$343,432
13$539,530$157,605$26,005$355,920
14$561,111$165,158$27,046$368,907
15$583,556$173,014$28,127$382,415
16$606,898$181,184$29,252$396,462
17$631,174$189,680$30,423$411,071
18$656,421$198,833$31,639$425,948
19$682,678$208,548$32,905$441,225
20$709,985$218,652$34,221$457,112
21$738,384$229,159$35,590$473,635
22$767,919$240,087$37,014$490,818
23$798,636$251,453$38,494$508,689
24$830,582$263,272$40,034$527,275
25$863,805$275,565$41,635$546,604
26$898,357$288,349$43,301$566,707
27$934,291$301,645$45,033$587,614
28$971,663$315,473$46,834$609,356
29$1,010,530$329,853$48,708$631,969
30$1,050,951$344,809$50,656$655,486
Total$18,900,000$5,729,806$910,979$12,259,214

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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.