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West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 11, 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 $79,100,000 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, Sep 11, 2010
Jackpot:$79,100,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,410,361$477,791$67,979$864,591
2$1,466,775$498,664$70,699$897,413
3$1,525,446$520,372$73,527$931,547
4$1,586,464$542,949$76,468$967,048
5$1,649,923$566,429$79,526$1,003,968
6$1,715,920$590,848$82,707$1,042,365
7$1,784,556$616,243$86,016$1,082,298
8$1,855,939$642,655$89,456$1,123,828
9$1,930,176$670,122$93,034$1,167,019
10$2,007,383$698,689$96,756$1,211,938
11$2,087,679$728,398$100,626$1,258,654
12$2,171,186$759,296$104,651$1,307,239
13$2,258,033$791,430$108,837$1,357,766
14$2,348,354$824,848$113,191$1,410,315
15$2,442,289$859,604$117,718$1,464,966
16$2,539,980$895,750$122,427$1,521,803
17$2,641,579$933,342$127,324$1,580,914
18$2,747,243$972,437$132,417$1,642,388
19$2,857,132$1,013,096$137,714$1,706,322
20$2,971,418$1,055,382$143,222$1,772,813
21$3,090,274$1,099,359$148,951$1,841,964
22$3,213,885$1,145,095$154,909$1,913,881
23$3,342,441$1,192,660$161,106$1,988,675
24$3,476,138$1,242,128$167,550$2,066,460
25$3,615,184$1,293,575$174,252$2,147,357
26$3,759,791$1,347,080$181,222$2,231,489
27$3,910,183$1,402,725$188,471$2,318,987
28$4,066,590$1,460,596$196,010$2,409,985
29$4,229,254$1,520,781$203,850$2,504,623
30$4,398,424$1,583,374$212,004$2,603,046
Total$79,100,000$27,945,718$3,812,620$47,341,662

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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.