USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $60,000,000 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:Sat, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$51,565$665,393
2$1,112,598$368,682$53,627$690,289
3$1,157,102$385,148$55,772$716,182
4$1,203,386$402,273$58,003$743,110
5$1,251,522$420,083$60,323$771,115
6$1,301,583$438,606$62,736$800,240
7$1,353,646$457,869$65,246$830,531
8$1,407,792$477,903$67,856$862,033
9$1,464,103$498,738$70,570$894,795
10$1,522,667$520,407$73,393$928,868
11$1,583,574$542,943$76,328$964,303
12$1,646,917$566,380$79,381$1,001,156
13$1,712,794$590,754$82,557$1,039,483
14$1,781,306$616,103$85,859$1,079,343
15$1,852,558$642,467$89,293$1,120,798
16$1,926,660$669,884$92,865$1,163,911
17$2,003,726$698,399$96,580$1,208,748
18$2,083,876$728,054$100,443$1,255,379
19$2,167,231$758,896$104,461$1,303,874
20$2,253,920$790,971$108,639$1,354,310
21$2,344,077$824,329$112,984$1,406,763
22$2,437,840$859,021$117,504$1,461,315
23$2,535,353$895,101$122,204$1,518,048
24$2,636,767$932,624$127,092$1,577,051
25$2,742,238$971,648$132,176$1,638,414
26$2,851,928$1,012,233$137,463$1,702,231
27$2,966,005$1,054,442$142,961$1,768,601
28$3,084,645$1,098,339$148,680$1,837,626
29$3,208,031$1,143,992$154,627$1,909,412
30$3,336,352$1,191,470$160,812$1,984,069
Total$60,000,000$20,910,607$2,892,000$36,197,391

◄ Back to Jackpot Analysis

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.