USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 12, 2009

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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 $82,200,000 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 12, 2009
Jackpot:$82,200,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,465,634$498,242$70,644$896,749
2$1,524,260$519,933$73,469$930,857
3$1,585,230$542,492$76,408$966,330
4$1,648,639$565,954$79,464$1,003,221
5$1,714,585$590,354$82,643$1,041,588
6$1,783,168$615,729$85,949$1,081,490
7$1,854,495$642,120$89,387$1,122,988
8$1,928,675$669,567$92,962$1,166,146
9$2,005,822$698,111$96,681$1,211,030
10$2,086,054$727,797$100,548$1,257,709
11$2,169,497$758,671$104,570$1,306,256
12$2,256,276$790,780$108,753$1,356,744
13$2,346,527$824,172$113,103$1,409,252
14$2,440,389$858,901$117,627$1,463,861
15$2,538,004$895,019$122,332$1,520,654
16$2,639,524$932,581$127,225$1,579,718
17$2,745,105$971,646$132,314$1,641,145
18$2,854,909$1,012,274$137,607$1,705,029
19$2,969,106$1,054,526$143,111$1,771,469
20$3,087,870$1,098,469$148,835$1,840,566
21$3,211,385$1,144,170$154,789$1,912,426
22$3,339,840$1,191,698$160,980$1,987,162
23$3,473,434$1,241,128$167,420$2,064,887
24$3,612,371$1,292,535$174,116$2,145,720
25$3,756,866$1,345,998$181,081$2,229,787
26$3,907,141$1,401,599$188,324$2,317,217
27$4,063,426$1,459,425$195,857$2,408,144
28$4,225,963$1,519,564$203,691$2,502,708
29$4,395,002$1,582,108$211,839$2,601,055
30$4,570,802$1,647,154$220,313$2,703,335
Total$82,200,000$29,092,717$3,962,042$49,145,243

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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.