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West Virginia Powerball Jackpot Annuity Payout Schedule for Jun 25, 2022

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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 $333,700,000 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 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$326,473$2,874,850
2$5,273,797$1,914,260$342,797$3,016,740
3$5,537,487$2,011,825$359,937$3,165,725
4$5,814,361$2,114,269$377,933$3,322,159
5$6,105,079$2,221,834$396,830$3,486,415
6$6,410,333$2,334,778$416,672$3,658,883
7$6,730,850$2,453,370$437,505$3,839,975
8$7,067,393$2,577,890$459,381$4,030,122
9$7,420,762$2,708,637$482,350$4,229,776
10$7,791,800$2,845,921$506,467$4,439,412
11$8,181,390$2,990,069$531,790$4,659,531
12$8,590,460$3,141,425$558,380$4,890,655
13$9,019,983$3,300,349$586,299$5,133,335
14$9,470,982$3,467,218$615,614$5,388,150
15$9,944,531$3,642,431$646,395$5,655,705
16$10,441,758$3,826,405$678,714$5,936,638
17$10,963,845$4,019,578$712,650$6,231,618
18$11,512,038$4,222,409$748,282$6,541,346
19$12,087,639$4,435,382$785,697$6,866,561
20$12,692,022$4,659,003$824,981$7,208,037
21$13,326,623$4,893,805$866,230$7,566,587
22$13,992,954$5,140,348$909,542$7,943,064
23$14,692,601$5,399,218$955,019$8,338,365
24$15,427,231$5,671,031$1,002,770$8,753,431
25$16,198,593$5,956,434$1,052,909$9,189,250
26$17,008,523$6,256,108$1,105,554$9,646,860
27$17,858,949$6,570,766$1,160,832$10,127,351
28$18,751,896$6,901,157$1,218,873$10,631,866
29$19,689,491$7,248,067$1,279,817$11,161,607
30$20,673,966$7,612,322$1,343,808$11,717,836
Total$333,700,001$122,357,650$21,690,501$189,651,850

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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.