USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Feb 4, 2012

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The tax information provided here is based on 2026 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 $210,300,000 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:Sat, Feb 4, 2012
Jackpot:$210,300,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,749,670$1,343,335$180,734$2,225,601
2$3,899,657$1,398,830$187,963$2,312,863
3$4,055,643$1,456,545$195,482$2,403,616
4$4,217,869$1,516,569$203,301$2,497,999
5$4,386,583$1,578,993$211,433$2,596,157
6$4,562,047$1,643,915$219,891$2,698,242
7$4,744,529$1,711,433$228,686$2,804,409
8$4,934,310$1,781,652$237,834$2,914,824
9$5,131,682$1,854,680$247,347$3,029,655
10$5,336,949$1,930,629$257,241$3,149,080
11$5,550,427$2,009,615$267,531$3,273,281
12$5,772,444$2,091,762$278,232$3,402,451
13$6,003,342$2,177,194$289,361$3,536,787
14$6,243,476$2,266,043$300,936$3,676,497
15$6,493,215$2,358,447$312,973$3,821,795
16$6,752,944$2,454,546$325,492$3,972,905
17$7,023,061$2,554,490$338,512$4,130,060
18$7,303,984$2,658,431$352,052$4,293,500
19$7,596,143$2,766,530$366,134$4,463,479
20$7,899,989$2,878,953$380,779$4,640,256
21$8,215,988$2,995,873$396,011$4,824,105
22$8,544,628$3,117,470$411,851$5,015,307
23$8,886,413$3,243,930$428,325$5,214,158
24$9,241,870$3,375,449$445,458$5,420,962
25$9,611,544$3,512,229$463,276$5,636,039
26$9,996,006$3,654,480$481,807$5,859,719
27$10,395,846$3,802,420$501,080$6,092,346
28$10,811,680$3,956,279$521,123$6,334,278
29$11,244,147$4,116,292$541,968$6,585,888
30$11,693,913$4,282,705$563,647$6,847,562
Total$210,300,000$76,489,719$10,136,460$123,673,821

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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.