USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Jan 30, 2013

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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 $154,100,000 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, Jan 30, 2013
Jackpot:$154,100,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,747,618$972,576$132,435$1,642,607
2$2,857,523$1,013,241$137,733$1,706,550
3$2,971,824$1,055,532$143,242$1,773,050
4$3,090,697$1,099,515$148,972$1,842,210
5$3,214,325$1,145,257$154,930$1,914,137
6$3,342,898$1,192,829$161,128$1,988,941
7$3,476,614$1,242,304$167,573$2,066,737
8$3,615,678$1,293,758$174,276$2,147,644
9$3,760,305$1,347,270$181,247$2,231,788
10$3,910,718$1,402,923$188,497$2,319,298
11$4,067,146$1,460,801$196,036$2,410,308
12$4,229,832$1,520,995$203,878$2,504,959
13$4,399,025$1,583,597$212,033$2,603,396
14$4,574,986$1,648,702$220,514$2,705,770
15$4,757,986$1,716,412$229,335$2,812,239
16$4,948,305$1,786,830$238,508$2,922,967
17$5,146,238$1,860,065$248,049$3,038,124
18$5,352,087$1,936,229$257,971$3,157,887
19$5,566,170$2,015,440$268,289$3,282,441
20$5,788,817$2,097,820$279,021$3,411,977
21$6,020,370$2,183,494$290,182$3,546,694
22$6,261,185$2,272,596$301,789$3,686,800
23$6,511,632$2,365,261$313,861$3,832,510
24$6,772,097$2,461,633$326,415$3,984,049
25$7,042,981$2,561,860$339,472$4,141,649
26$7,324,701$2,666,096$353,051$4,305,554
27$7,617,689$2,774,502$367,173$4,476,014
28$7,922,396$2,887,244$381,859$4,653,293
29$8,239,292$3,004,495$397,134$4,837,663
30$8,568,864$3,126,437$413,019$5,029,408
Total$154,100,000$55,695,714$7,427,622$90,976,664

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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.