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West Virginia Powerball Jackpot Annuity Payout Schedule for Aug 31, 2011

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The tax information provided here is based on 2025 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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$65,745$836,556
2$1,418,563$481,888$68,375$868,300
3$1,475,305$502,883$71,110$901,312
4$1,534,317$524,718$73,954$935,646
5$1,595,690$547,426$76,912$971,352
6$1,659,518$571,042$79,989$1,008,487
7$1,725,898$595,603$83,188$1,047,107
8$1,794,934$621,146$86,516$1,087,273
9$1,866,732$647,711$89,976$1,129,044
10$1,941,401$675,339$93,576$1,172,487
11$2,019,057$704,071$97,319$1,217,667
12$2,099,819$733,953$101,211$1,264,655
13$2,183,812$765,031$105,260$1,313,522
14$2,271,165$797,351$109,470$1,364,343
15$2,362,011$830,964$113,849$1,417,198
16$2,456,492$865,922$118,403$1,472,167
17$2,554,751$902,278$123,139$1,529,334
18$2,656,941$940,089$128,065$1,588,788
19$2,763,219$979,411$133,187$1,650,621
20$2,873,748$1,020,307$138,515$1,714,926
21$2,988,698$1,062,838$144,055$1,781,804
22$3,108,246$1,107,071$149,817$1,851,357
23$3,232,575$1,153,073$155,810$1,923,692
24$3,361,878$1,200,915$162,043$1,998,921
25$3,496,354$1,250,671$168,524$2,077,158
26$3,636,208$1,302,417$175,265$2,158,525
27$3,781,656$1,356,233$182,276$2,243,147
28$3,932,922$1,412,201$189,567$2,331,154
29$4,090,239$1,470,409$197,150$2,422,681
30$4,253,849$1,530,944$205,036$2,517,869
Total$76,500,000$27,015,606$3,687,302$45,797,093

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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.