USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for May 25, 2019

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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 $306,800,000 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 money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Sat, May 25, 2019
Jackpot:$306,800,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,617,780$1,664,536$211,494$2,741,750
2$4,848,669$1,749,965$222,069$2,876,635
3$5,091,103$1,839,665$233,173$3,018,265
4$5,345,658$1,933,851$244,831$3,166,976
5$5,612,941$2,032,745$257,073$3,323,123
6$5,893,588$2,136,585$269,926$3,487,077
7$6,188,267$2,245,616$283,423$3,659,229
8$6,497,681$2,360,099$297,594$3,839,988
9$6,822,565$2,480,306$312,473$4,029,785
10$7,163,693$2,606,524$328,097$4,229,072
11$7,521,878$2,739,052$344,502$4,438,324
12$7,897,971$2,878,207$361,727$4,658,038
13$8,292,870$3,024,319$379,813$4,888,737
14$8,707,514$3,177,737$398,804$5,130,972
15$9,142,889$3,338,826$418,744$5,385,319
16$9,600,034$3,507,970$439,682$5,652,382
17$10,080,035$3,685,570$461,666$5,932,799
18$10,584,037$3,872,051$484,749$6,227,237
19$11,113,239$4,067,856$508,986$6,536,397
20$11,668,901$4,273,451$534,436$6,861,015
21$12,252,346$4,489,325$561,157$7,201,863
22$12,864,963$4,715,994$589,215$7,559,754
23$13,508,211$4,953,995$618,676$7,935,540
24$14,183,622$5,203,897$649,610$8,330,115
25$14,892,803$5,466,294$682,090$8,744,418
26$15,637,443$5,741,811$716,195$9,179,437
27$16,419,315$6,031,104$752,005$9,636,207
28$17,240,281$6,334,861$789,605$10,115,815
29$18,102,295$6,653,806$829,085$10,619,403
30$19,007,410$6,988,699$870,539$11,148,172
Total$306,800,001$112,194,717$14,051,439$180,553,844

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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.