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West Virginia Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$438,102$3,845,163
2$7,077,034$2,581,458$460,007$4,035,569
3$7,430,886$2,712,383$483,008$4,235,496
4$7,802,430$2,849,854$507,158$4,445,418
5$8,192,552$2,994,199$532,516$4,665,837
6$8,602,179$3,145,761$559,142$4,897,276
7$9,032,289$3,304,902$587,099$5,140,288
8$9,483,903$3,471,999$616,454$5,395,450
9$9,958,098$3,647,451$647,276$5,663,370
10$10,456,003$3,831,676$679,640$5,944,687
11$10,978,803$4,025,112$713,622$6,240,069
12$11,527,743$4,228,220$749,303$6,550,220
13$12,104,130$4,441,483$786,768$6,875,879
14$12,709,337$4,665,410$826,107$7,217,820
15$13,344,804$4,900,532$867,412$7,576,859
16$14,012,044$5,147,411$910,783$7,953,850
17$14,712,646$5,406,634$956,322$8,349,690
18$15,448,278$5,678,818$1,004,138$8,765,322
19$16,220,692$5,964,611$1,054,345$9,201,736
20$17,031,727$6,264,694$1,107,062$9,659,971
21$17,883,313$6,579,781$1,162,415$10,141,117
22$18,777,479$6,910,622$1,220,536$10,646,320
23$19,716,353$7,258,006$1,281,563$11,176,784
24$20,702,170$7,622,758$1,345,641$11,733,771
25$21,737,279$8,005,748$1,412,923$12,318,607
26$22,824,143$8,407,888$1,483,569$12,932,686
27$23,965,350$8,830,135$1,557,748$13,577,468
28$25,163,617$9,273,493$1,635,635$14,254,489
29$26,421,798$9,739,020$1,717,417$14,965,361
30$27,742,888$10,227,824$1,803,288$15,711,777
Total$447,800,001$164,574,650$29,106,999$254,118,350

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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.