USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Nov 5, 2022

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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 $1,656,800,000 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, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,183,791$1,201,974$14,551,453
2$26,184,079$9,645,129$1,262,073$15,276,877
3$27,493,282$10,129,535$1,325,176$16,038,571
4$28,867,947$10,638,161$1,391,435$16,838,352
5$30,311,343$11,172,217$1,461,007$17,678,119
6$31,826,911$11,732,977$1,534,057$18,559,877
7$33,418,257$12,321,775$1,610,760$19,485,722
8$35,089,170$12,940,013$1,691,298$20,457,859
9$36,843,628$13,589,163$1,775,863$21,478,603
10$38,685,809$14,270,770$1,864,656$22,550,384
11$40,620,100$14,986,457$1,957,889$23,675,754
12$42,651,105$15,737,929$2,055,783$24,857,393
13$44,783,660$16,526,975$2,158,572$26,098,113
14$47,022,844$17,355,472$2,266,501$27,400,870
15$49,373,985$18,225,395$2,379,826$28,768,764
16$51,842,685$19,138,814$2,498,817$30,205,054
17$54,434,818$20,097,903$2,623,758$31,713,157
18$57,156,560$21,104,947$2,754,946$33,296,666
19$60,014,387$22,162,344$2,892,693$34,959,350
20$63,015,107$23,272,610$3,037,328$36,705,169
21$66,165,862$24,438,389$3,189,195$38,538,278
22$69,474,155$25,662,458$3,348,654$40,463,043
23$72,947,864$26,947,730$3,516,087$42,484,047
24$76,595,256$28,297,265$3,691,891$44,606,100
25$80,425,018$29,714,277$3,876,486$46,834,256
26$84,446,271$31,202,140$4,070,310$49,173,820
27$88,668,584$32,764,396$4,273,826$51,630,362
28$93,102,012$34,404,765$4,487,517$54,209,730
29$97,757,113$36,127,152$4,711,893$56,918,068
30$102,644,970$37,935,659$4,947,488$59,761,823
Total$1,656,800,003$611,726,608$79,857,759$965,215,634

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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.