USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Mar 26, 2005

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $19,100,000 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, Mar 26, 2005
Jackpot:$19,100,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$340,555$87,963$16,415$236,177
2$354,177$92,731$17,071$244,375
3$368,344$97,690$17,754$252,900
4$383,078$102,847$18,464$261,767
5$398,401$108,210$19,203$270,989
6$414,337$113,787$19,971$280,579
7$430,911$119,588$20,770$290,553
8$448,147$125,621$21,601$300,926
9$466,073$131,895$22,465$311,713
10$484,716$138,420$23,363$322,933
11$504,104$145,206$24,298$334,601
12$524,269$152,263$25,270$346,736
13$545,239$159,603$26,281$359,356
14$567,049$167,236$27,332$372,481
15$589,731$175,175$28,425$386,131
16$613,320$183,431$29,562$400,327
17$637,853$192,018$30,745$415,091
18$663,367$201,403$31,974$429,990
19$689,902$211,221$33,253$445,428
20$717,498$221,431$34,583$461,483
21$746,198$232,050$35,967$478,181
22$776,046$243,094$37,405$495,546
23$807,087$254,580$38,902$513,606
24$839,371$266,524$40,458$532,389
25$872,946$278,947$42,076$551,923
26$907,864$291,867$43,759$572,238
27$944,178$305,303$45,509$593,366
28$981,945$319,277$47,330$615,339
29$1,021,223$333,810$49,223$638,190
30$1,062,072$348,924$51,192$661,956
Total$19,100,000$5,802,115$920,621$12,377,270

◄ Back to Jackpot Analysis

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.