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West Virginia Powerball Jackpot Annuity Payout Schedule for Apr 21, 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 $258,500,000 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, Apr 21, 2010
Jackpot:$258,500,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,609,081$1,661,317$222,158$2,725,606
2$4,793,444$1,729,531$231,044$2,832,868
3$4,985,182$1,800,474$240,286$2,944,421
4$5,184,589$1,874,255$249,897$3,060,437
5$5,391,972$1,950,987$259,893$3,181,092
6$5,607,651$2,030,788$270,289$3,306,574
7$5,831,957$2,113,781$281,100$3,437,076
8$6,065,236$2,200,094$292,344$3,572,797
9$6,307,845$2,289,860$304,038$3,713,947
10$6,560,159$2,383,216$316,200$3,860,743
11$6,822,565$2,480,306$328,848$4,013,411
12$7,095,468$2,581,280$342,002$4,172,186
13$7,379,287$2,686,293$355,682$4,337,312
14$7,674,458$2,795,507$369,909$4,509,042
15$7,981,436$2,909,089$384,705$4,687,642
16$8,300,694$3,027,214$400,093$4,873,386
17$8,632,722$3,150,064$416,097$5,066,560
18$8,978,030$3,277,829$432,741$5,267,461
19$9,337,152$3,410,703$450,051$5,476,398
20$9,710,638$3,548,893$468,053$5,693,692
21$10,099,063$3,692,611$486,775$5,919,678
22$10,503,026$3,842,077$506,246$6,154,703
23$10,923,147$3,997,522$526,496$6,399,130
24$11,360,073$4,159,184$547,556$6,653,333
25$11,814,476$4,327,313$569,458$6,917,705
26$12,287,055$4,502,167$592,236$7,192,651
27$12,778,537$4,684,016$615,925$7,478,595
28$13,289,678$4,873,138$640,562$7,775,978
29$13,821,265$5,069,825$666,185$8,085,255
30$14,374,116$5,274,380$692,832$8,406,903
Total$258,500,000$94,323,714$12,459,701$151,716,582

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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.