USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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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 $209,200,000 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, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,336,078$179,789$2,214,190
2$3,879,259$1,391,283$186,980$2,300,996
3$4,034,429$1,448,696$194,459$2,391,274
4$4,195,807$1,508,406$202,238$2,485,163
5$4,363,639$1,570,504$210,327$2,582,808
6$4,538,184$1,635,085$218,740$2,684,358
7$4,719,712$1,702,251$227,490$2,789,971
8$4,908,500$1,772,102$236,590$2,899,808
9$5,104,840$1,844,748$246,053$3,014,039
10$5,309,034$1,920,300$255,895$3,132,839
11$5,521,395$1,998,873$266,131$3,256,390
12$5,742,251$2,080,590$276,776$3,384,884
13$5,971,941$2,165,575$287,848$3,518,518
14$6,210,819$2,253,960$299,361$3,657,497
15$6,459,251$2,345,880$311,336$3,802,035
16$6,717,621$2,441,477$323,789$3,952,355
17$6,986,326$2,540,898$336,741$4,108,687
18$7,265,779$2,644,296$350,211$4,271,273
19$7,556,411$2,751,829$364,219$4,440,362
20$7,858,667$2,863,664$378,788$4,616,215
21$8,173,014$2,979,972$393,939$4,799,102
22$8,499,934$3,100,933$409,697$4,989,304
23$8,839,932$3,226,732$426,085$5,187,115
24$9,193,529$3,357,563$443,128$5,392,838
25$9,561,270$3,493,627$460,853$5,606,790
26$9,943,721$3,635,134$479,287$5,829,299
27$10,341,470$3,782,301$498,459$6,060,710
28$10,755,128$3,935,355$518,397$6,301,376
29$11,185,334$4,094,531$539,133$6,551,670
30$11,632,747$4,260,074$560,698$6,811,975
Total$209,200,000$76,082,717$10,083,437$123,033,841

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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.