USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Nov 27, 2010

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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 $79,400,000 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, Nov 27, 2010
Jackpot:$79,400,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,415,710$479,770$68,237$867,703
2$1,472,338$500,722$70,967$900,649
3$1,531,232$522,513$73,805$934,913
4$1,592,481$545,175$76,758$970,548
5$1,656,180$568,744$79,828$1,007,608
6$1,722,428$593,255$83,021$1,046,151
7$1,791,325$618,747$86,342$1,086,235
8$1,862,978$645,259$89,796$1,127,923
9$1,937,497$672,831$93,387$1,171,278
10$2,014,997$701,506$97,123$1,216,368
11$2,095,596$731,328$101,008$1,263,261
12$2,179,420$762,343$105,048$1,312,029
13$2,266,597$794,598$109,250$1,362,749
14$2,357,261$828,144$113,620$1,415,497
15$2,451,551$863,031$118,165$1,470,355
16$2,549,613$899,314$122,891$1,527,408
17$2,651,598$937,049$127,807$1,586,742
18$2,757,662$976,292$132,919$1,648,450
19$2,867,968$1,017,106$138,236$1,712,627
20$2,982,687$1,059,552$143,766$1,779,370
21$3,101,995$1,103,695$149,516$1,848,783
22$3,226,074$1,149,605$155,497$1,920,973
23$3,355,117$1,197,351$161,717$1,996,050
24$3,489,322$1,247,006$168,185$2,074,130
25$3,628,895$1,298,648$174,913$2,155,334
26$3,774,051$1,352,356$181,909$2,239,786
27$3,925,013$1,408,212$189,186$2,327,615
28$4,082,013$1,466,302$196,753$2,418,958
29$4,245,294$1,526,716$204,623$2,513,955
30$4,415,106$1,589,546$212,808$2,612,751
Total$79,400,000$28,056,716$3,827,081$47,516,199

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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.