USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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The tax information provided here is based on 2024 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 $35,100,000 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, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$40,679$395,410
2$650,870$199,010$42,307$409,554
3$676,905$208,643$43,999$424,263
4$703,981$218,661$45,759$439,561
5$732,140$229,080$47,589$455,471
6$761,426$239,915$49,493$472,018
7$791,883$251,184$51,472$489,226
8$823,558$262,904$53,531$507,123
9$856,500$275,093$55,673$525,735
10$890,760$287,769$57,899$545,092
11$926,391$300,952$60,215$565,223
12$963,447$314,663$62,624$586,160
13$1,001,984$328,922$65,129$607,933
14$1,042,064$343,751$67,734$630,578
15$1,083,746$359,174$70,444$654,129
16$1,127,096$375,213$73,261$678,622
17$1,172,180$391,894$76,192$704,094
18$1,219,067$409,243$79,239$730,585
19$1,267,830$427,285$82,409$758,136
20$1,318,543$446,049$85,705$786,789
21$1,371,285$465,563$89,134$816,588
22$1,426,136$485,858$92,699$847,579
23$1,483,182$506,965$96,407$879,810
24$1,542,509$528,916$100,263$913,330
25$1,604,209$551,745$104,274$948,190
26$1,668,378$575,487$108,445$984,446
27$1,735,113$600,179$112,782$1,022,151
28$1,804,517$625,859$117,294$1,061,364
29$1,876,698$652,566$121,985$1,102,147
30$1,951,766$680,341$126,865$1,144,560
Total$35,100,000$11,732,631$2,281,501$21,085,867

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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.