USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 30, 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 $171,500,000 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, Sep 30, 2009
Jackpot:$171,500,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,057,862$1,087,366$147,389$1,823,107
2$3,180,176$1,132,623$153,285$1,894,269
3$3,307,384$1,179,689$159,416$1,968,278
4$3,439,679$1,228,638$165,793$2,045,248
5$3,577,266$1,279,546$172,424$2,125,296
6$3,720,357$1,332,489$179,321$2,208,546
7$3,869,171$1,387,551$186,494$2,295,126
8$4,023,938$1,444,814$193,954$2,385,170
9$4,184,895$1,504,369$201,712$2,478,815
10$4,352,291$1,566,305$209,780$2,576,206
11$4,526,383$1,630,719$218,172$2,677,492
12$4,707,438$1,697,709$226,899$2,782,830
13$4,895,736$1,767,379$235,974$2,892,382
14$5,091,565$1,839,836$245,413$3,006,315
15$5,295,228$1,915,191$255,230$3,124,806
16$5,507,037$1,993,561$265,439$3,248,037
17$5,727,318$2,075,065$276,057$3,376,196
18$5,956,411$2,159,829$287,099$3,509,483
19$6,194,667$2,247,984$298,583$3,648,100
20$6,442,454$2,339,665$310,526$3,792,263
21$6,700,152$2,435,014$322,947$3,942,191
22$6,968,158$2,534,176$335,865$4,098,117
23$7,246,885$2,637,305$349,300$4,260,280
24$7,536,760$2,744,558$363,272$4,428,930
25$7,838,230$2,856,102$377,803$4,604,325
26$8,151,760$2,972,108$392,915$4,786,736
27$8,477,830$3,092,754$408,631$4,976,444
28$8,816,943$3,218,226$424,977$5,173,740
29$9,169,621$3,348,717$441,976$5,378,928
30$9,536,406$3,484,427$459,655$5,592,324
Total$171,500,000$62,133,715$8,266,301$101,099,980

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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.