USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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:Wed, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$89,356$818,518
2$1,429,689$487,173$92,930$849,586
3$1,486,876$508,332$96,647$881,897
4$1,546,351$530,338$100,513$915,501
5$1,608,205$553,224$104,533$950,448
6$1,672,534$577,025$108,715$986,794
7$1,739,435$601,779$113,063$1,024,593
8$1,809,012$627,522$117,586$1,063,904
9$1,881,373$654,296$122,289$1,104,788
10$1,956,628$682,140$127,181$1,147,307
11$2,034,893$711,098$132,268$1,191,527
12$2,116,288$741,214$137,559$1,237,515
13$2,200,940$772,536$143,061$1,285,343
14$2,288,978$805,109$148,784$1,335,085
15$2,380,537$838,986$154,735$1,386,816
16$2,475,758$874,218$160,924$1,440,616
17$2,574,789$910,860$167,361$1,496,568
18$2,677,780$948,966$174,056$1,554,758
19$2,784,891$988,598$181,018$1,615,276
20$2,896,287$1,029,814$188,259$1,678,214
21$3,012,138$1,072,679$195,789$1,743,670
22$3,132,624$1,117,259$203,621$1,811,745
23$3,257,929$1,163,621$211,765$1,882,542
24$3,388,246$1,211,839$220,236$1,956,171
25$3,523,776$1,261,985$229,045$2,032,746
26$3,664,727$1,314,137$238,207$2,112,383
27$3,811,316$1,368,375$247,736$2,195,206
28$3,963,769$1,424,782$257,645$2,281,342
29$4,122,319$1,483,446$267,951$2,370,923
30$4,287,212$1,544,456$278,669$2,464,087
Total$77,100,000$27,272,634$5,011,502$44,815,869

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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.