USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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The tax information provided here is based on 2025 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 $77,300,000 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, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$66,432$844,855
2$1,433,397$487,377$69,090$876,930
3$1,490,733$508,592$71,853$910,288
4$1,550,363$530,654$74,727$944,981
5$1,612,377$553,600$77,717$981,061
6$1,676,872$577,463$80,825$1,018,584
7$1,743,947$602,281$84,058$1,057,608
8$1,813,705$628,091$87,421$1,098,193
9$1,886,253$654,934$90,917$1,140,402
10$1,961,703$682,850$94,554$1,184,299
11$2,040,171$711,884$98,336$1,229,951
12$2,121,778$742,078$102,270$1,277,430
13$2,206,649$773,481$106,360$1,326,808
14$2,294,915$806,139$110,615$1,378,161
15$2,386,712$840,104$115,040$1,431,569
16$2,482,180$875,427$119,641$1,487,112
17$2,581,468$912,163$124,427$1,544,878
18$2,684,726$950,369$129,404$1,604,954
19$2,792,115$990,103$134,580$1,667,432
20$2,903,800$1,031,426$139,963$1,732,411
21$3,019,952$1,074,402$145,562$1,799,988
22$3,140,750$1,119,098$151,384$1,870,268
23$3,266,380$1,165,581$157,440$1,943,360
24$3,397,035$1,213,923$163,737$2,019,375
25$3,532,917$1,264,199$170,287$2,098,431
26$3,674,233$1,316,487$177,098$2,180,649
27$3,821,203$1,370,865$184,182$2,266,155
28$3,974,051$1,427,419$191,549$2,355,082
29$4,133,013$1,486,235$199,211$2,447,567
30$4,298,333$1,547,404$207,180$2,543,750
Total$77,300,000$27,311,608$3,725,860$46,262,532

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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.