USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 21, 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 $25,000,000 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, Sep 21, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$21,485$298,707
2$463,583$131,801$22,345$309,437
3$482,126$138,291$23,238$320,596
4$501,411$145,041$24,168$332,202
5$521,467$152,061$25,135$344,272
6$542,326$159,361$26,140$356,825
7$564,019$166,954$27,186$369,879
8$586,580$174,850$28,273$383,457
9$610,043$183,062$29,404$397,577
10$634,445$191,765$30,580$412,100
11$659,823$201,155$31,803$426,865
12$686,215$210,920$33,076$442,220
13$713,664$221,076$34,399$458,190
14$742,211$231,638$35,775$474,798
15$771,899$242,623$37,206$492,071
16$802,775$254,047$38,694$510,034
17$834,886$265,928$40,242$528,716
18$868,281$278,284$41,851$548,146
19$903,013$291,135$43,525$568,353
20$939,133$304,500$45,266$589,367
21$976,699$318,399$47,077$611,223
22$1,015,767$332,854$48,960$633,953
23$1,056,397$347,887$50,918$657,592
24$1,098,653$363,522$52,955$682,176
25$1,142,599$379,782$55,073$707,744
26$1,188,303$396,692$57,276$734,335
27$1,235,835$414,279$59,567$761,989
28$1,285,269$432,570$61,950$790,749
29$1,336,679$451,592$64,428$820,660
30$1,390,147$471,374$67,005$851,767
Total$25,000,000$7,979,004$1,205,000$15,816,000

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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.