USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Apr 14, 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 $177,600,000 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, Apr 14, 2010
Jackpot:$177,600,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,166,626$1,127,609$152,631$1,886,386
2$3,293,291$1,174,475$158,737$1,960,079
3$3,425,022$1,223,215$165,086$2,036,721
4$3,562,023$1,273,906$171,690$2,116,428
5$3,704,504$1,326,624$178,557$2,199,323
6$3,852,684$1,381,450$185,699$2,285,534
7$4,006,792$1,438,470$193,127$2,375,194
8$4,167,063$1,497,771$200,852$2,468,440
9$4,333,746$1,559,443$208,887$2,565,416
10$4,507,096$1,623,583$217,242$2,666,271
11$4,687,379$1,690,288$225,932$2,771,160
12$4,874,875$1,759,661$234,969$2,880,245
13$5,069,870$1,831,809$244,368$2,993,693
14$5,272,664$1,906,843$254,142$3,111,679
15$5,483,571$1,984,879$264,308$3,234,384
16$5,702,914$2,066,035$274,880$3,361,998
17$5,931,030$2,150,438$285,876$3,494,716
18$6,168,272$2,238,218$297,311$3,632,743
19$6,415,002$2,329,508$309,203$3,776,291
20$6,671,603$2,424,450$321,571$3,925,581
21$6,938,467$2,523,190$334,434$4,080,843
22$7,216,005$2,625,879$347,811$4,242,315
23$7,504,646$2,732,676$361,724$4,410,246
24$7,804,831$2,843,745$376,193$4,584,894
25$8,117,025$2,959,256$391,241$4,766,528
26$8,441,706$3,079,388$406,890$4,955,427
27$8,779,374$3,204,326$423,166$5,151,882
28$9,130,549$3,334,260$440,092$5,356,196
29$9,495,771$3,469,392$457,696$5,568,682
30$9,875,602$3,609,930$476,004$5,789,668
Total$177,600,000$64,390,717$8,560,319$104,648,963

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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.