USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for May 25, 2011

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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 $144,200,000 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:Wed, May 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$167,122$1,494,484
2$2,673,944$947,547$173,806$1,552,591
3$2,780,902$987,122$180,759$1,613,022
4$2,892,138$1,028,279$187,989$1,675,870
5$3,007,824$1,071,083$195,509$1,741,233
6$3,128,137$1,115,598$203,329$1,809,209
7$3,253,262$1,161,895$211,462$1,879,905
8$3,383,393$1,210,043$219,921$1,953,429
9$3,518,728$1,260,117$228,717$2,029,894
10$3,659,477$1,312,194$237,866$2,109,417
11$3,805,857$1,366,355$247,381$2,192,121
12$3,958,091$1,422,681$257,276$2,278,134
13$4,116,414$1,481,261$267,567$2,367,586
14$4,281,071$1,542,184$278,270$2,460,617
15$4,452,314$1,605,544$289,400$2,557,370
16$4,630,406$1,671,438$300,976$2,657,992
17$4,815,623$1,739,968$313,015$2,762,639
18$5,008,248$1,811,239$325,536$2,871,472
19$5,208,577$1,885,361$338,558$2,984,659
20$5,416,921$1,962,448$352,100$3,102,372
21$5,633,597$2,042,619$366,184$3,224,795
22$5,858,941$2,125,996$380,831$3,352,114
23$6,093,299$2,212,708$396,064$3,484,526
24$6,337,031$2,302,889$411,907$3,622,235
25$6,590,512$2,396,677$428,383$3,765,452
26$6,854,133$2,494,217$445,519$3,914,397
27$7,128,298$2,595,658$463,339$4,069,301
28$7,413,430$2,701,157$481,873$4,230,400
29$7,709,967$2,810,876$501,148$4,397,944
30$8,018,366$2,924,983$521,194$4,572,189
Total$144,200,000$52,099,632$9,373,001$82,727,369

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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.