USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Jan 9, 2002

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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 $49,100,000 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:Wed, Jan 9, 2002
Jackpot:$49,100,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$875,458$282,107$56,905$536,446
2$910,476$295,064$59,181$556,231
3$946,895$308,539$61,548$576,808
4$984,771$322,553$64,010$598,208
5$1,024,162$337,128$66,571$620,464
6$1,065,128$352,285$69,233$643,610
7$1,107,733$368,049$72,003$667,682
8$1,152,043$384,444$74,883$692,716
9$1,198,125$401,494$77,878$718,753
10$1,246,050$419,226$80,993$745,830
11$1,295,892$437,668$84,233$773,991
12$1,347,727$456,847$87,602$803,278
13$1,401,636$476,793$91,106$833,737
14$1,457,702$497,537$94,751$865,414
15$1,516,010$519,111$98,541$898,358
16$1,576,650$541,548$102,482$932,620
17$1,639,716$564,883$106,582$968,252
18$1,705,305$589,151$110,845$1,005,309
19$1,773,517$614,389$115,279$1,043,849
20$1,844,458$640,637$119,890$1,083,931
21$1,918,236$667,935$124,685$1,125,616
22$1,994,965$696,325$129,673$1,168,968
23$2,074,764$725,850$134,860$1,214,054
24$2,157,755$756,557$140,254$1,260,944
25$2,244,065$788,492$145,864$1,309,709
26$2,333,827$821,704$151,699$1,360,425
27$2,427,180$856,245$157,767$1,413,169
28$2,524,268$892,167$164,077$1,468,024
29$2,625,238$929,526$170,640$1,525,072
30$2,730,248$968,379$177,466$1,584,402
Total$49,100,000$16,912,633$3,191,501$28,995,870

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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.