USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Dec 21, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $105,600,000 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, Dec 21, 2011
Jackpot:$105,600,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,882,858$654,845$122,386$1,105,627
2$1,958,173$682,712$127,281$1,148,180
3$2,036,500$711,693$132,372$1,192,435
4$2,117,960$741,833$137,667$1,238,459
5$2,202,678$773,179$143,174$1,286,325
6$2,290,785$805,778$148,901$1,336,106
7$2,382,417$839,682$154,857$1,387,878
8$2,477,713$874,942$161,051$1,441,720
9$2,576,822$911,612$167,493$1,497,717
10$2,679,895$949,749$174,193$1,555,953
11$2,787,090$989,411$181,161$1,616,518
12$2,898,574$1,030,660$188,407$1,679,507
13$3,014,517$1,073,559$195,944$1,745,014
14$3,135,098$1,118,174$203,781$1,813,142
15$3,260,502$1,164,573$211,933$1,883,996
16$3,390,922$1,212,829$220,410$1,957,683
17$3,526,559$1,263,014$229,226$2,034,318
18$3,667,621$1,315,207$238,395$2,114,018
19$3,814,326$1,369,488$247,931$2,196,906
20$3,966,899$1,425,940$257,848$2,283,110
21$4,125,575$1,484,650$268,162$2,372,762
22$4,290,598$1,545,709$278,889$2,466,000
23$4,462,222$1,609,210$290,044$2,562,967
24$4,640,711$1,675,251$301,646$2,663,814
25$4,826,339$1,743,933$313,712$2,768,694
26$5,019,393$1,815,363$326,261$2,877,769
27$5,220,168$1,889,650$339,311$2,991,207
28$5,428,975$1,966,908$352,883$3,109,183
29$5,646,134$2,047,257$366,999$3,231,878
30$5,871,979$2,130,820$381,679$3,359,481
Total$105,600,000$37,817,631$6,863,997$60,918,367

◄ Back to Jackpot Analysis

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.