USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Mar 13, 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 $211,700,000 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 13, 2010
Jackpot:$211,700,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,774,632$1,352,571$172,878$2,249,183
2$3,925,617$1,408,436$179,793$2,337,388
3$4,082,642$1,466,535$186,985$2,429,122
4$4,245,948$1,526,958$194,464$2,524,525
5$4,415,786$1,589,798$202,243$2,623,745
6$4,592,417$1,655,152$210,333$2,726,933
7$4,776,114$1,723,119$218,746$2,834,248
8$4,967,158$1,793,806$227,496$2,945,857
9$5,165,845$1,867,320$236,596$3,061,929
10$5,372,478$1,943,774$246,060$3,182,645
11$5,587,377$2,023,287$255,902$3,308,189
12$5,810,873$2,105,980$266,138$3,438,754
13$6,043,307$2,191,981$276,783$3,574,543
14$6,285,040$2,281,422$287,855$3,715,763
15$6,536,441$2,374,441$299,369$3,862,632
16$6,797,899$2,471,180$311,344$4,015,375
17$7,069,815$2,571,789$323,798$4,174,229
18$7,352,608$2,676,422$336,749$4,339,436
19$7,646,712$2,785,241$350,219$4,511,252
20$7,952,580$2,898,412$364,228$4,689,940
21$8,270,684$3,016,110$378,797$4,875,776
22$8,601,511$3,138,516$393,949$5,069,045
23$8,945,571$3,265,819$409,707$5,270,045
24$9,303,394$3,398,213$426,095$5,479,086
25$9,675,530$3,535,903$443,139$5,696,487
26$10,062,551$3,679,101$460,865$5,922,585
27$10,465,053$3,828,027$479,299$6,157,727
28$10,883,655$3,982,910$498,471$6,402,274
29$11,319,001$4,143,988$518,410$6,656,603
30$11,771,762$4,311,509$539,147$6,921,106
Total$211,700,000$77,007,720$9,695,858$124,996,422

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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.