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West Virginia Powerball Jackpot Annuity Payout Schedule for Jan 26, 2022

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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 $91,400,000 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 26, 2022
Jackpot:$91,400,000
Federal Tax:37% marginal rate
State Tax: 4.58%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,375,701$464,967$63,007$847,727
2$1,444,486$490,417$66,157$887,912
3$1,516,711$517,140$69,465$930,105
4$1,592,546$545,199$72,939$974,408
5$1,672,173$574,661$76,586$1,020,926
6$1,755,782$605,597$80,415$1,069,771
7$1,843,571$638,079$84,436$1,121,057
8$1,935,750$672,185$88,657$1,174,908
9$2,032,537$707,996$93,090$1,231,451
10$2,134,164$745,598$97,745$1,290,821
11$2,240,872$785,080$102,632$1,353,160
12$2,352,916$826,536$107,764$1,418,616
13$2,470,562$870,065$113,152$1,487,345
14$2,594,090$915,770$118,809$1,559,510
15$2,723,794$963,761$124,750$1,635,283
16$2,859,984$1,014,151$130,987$1,714,845
17$3,002,983$1,067,061$137,537$1,798,385
18$3,153,132$1,122,616$144,413$1,886,103
19$3,310,789$1,180,949$151,634$1,978,206
20$3,476,328$1,242,199$159,216$2,074,914
21$3,650,145$1,306,511$167,177$2,176,457
22$3,832,652$1,374,038$175,535$2,283,078
23$4,024,285$1,444,943$184,312$2,395,030
24$4,225,499$1,519,392$193,528$2,512,579
25$4,436,774$1,597,564$203,204$2,636,006
26$4,658,612$1,679,644$213,364$2,765,604
27$4,891,543$1,765,828$224,033$2,901,682
28$5,136,120$1,856,322$235,234$3,044,564
29$5,392,926$1,951,340$246,996$3,194,590
30$5,662,573$2,051,109$259,346$3,352,118
Total$91,400,000$32,496,718$4,186,120$54,717,161

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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.