USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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The tax information provided here is based on 2024 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 $134,100,000 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:Sat, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$155,416$1,392,736
2$2,486,657$878,251$161,633$1,446,773
3$2,586,123$915,053$168,098$1,502,972
4$2,689,568$953,328$174,822$1,561,418
5$2,797,151$993,134$181,815$1,622,202
6$2,909,037$1,034,531$189,087$1,685,418
7$3,025,398$1,077,585$196,651$1,751,162
8$3,146,414$1,122,361$204,517$1,819,536
9$3,272,271$1,168,928$212,698$1,890,645
10$3,403,162$1,217,358$221,206$1,964,599
11$3,539,288$1,267,724$230,054$2,041,510
12$3,680,860$1,320,106$239,256$2,121,498
13$3,828,094$1,374,583$248,826$2,204,685
14$3,981,218$1,431,238$258,779$2,291,200
15$4,140,467$1,490,160$269,130$2,381,176
16$4,306,085$1,551,439$279,896$2,474,750
17$4,478,329$1,615,169$291,091$2,572,068
18$4,657,462$1,681,449$302,735$2,673,278
19$4,843,760$1,750,379$314,844$2,778,537
20$5,037,511$1,822,067$327,438$2,888,006
21$5,239,011$1,896,622$340,536$3,001,854
22$5,448,572$1,974,159$354,157$3,120,255
23$5,666,514$2,054,798$368,323$3,243,393
24$5,893,175$2,138,663$383,056$3,371,456
25$6,128,902$2,225,881$398,379$3,504,642
26$6,374,058$2,316,589$414,314$3,643,155
27$6,629,020$2,410,925$430,886$3,787,209
28$6,894,181$2,509,035$448,122$3,937,025
29$7,169,948$2,611,069$466,047$4,092,833
30$7,456,746$2,717,184$484,689$4,254,874
Total$134,100,000$48,362,632$8,716,501$77,020,865

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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.