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West Virginia Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$279,806$2,469,206
2$4,519,946$1,635,335$293,796$2,590,814
3$4,745,943$1,718,954$308,486$2,718,503
4$4,983,241$1,806,754$323,911$2,852,576
5$5,232,402$1,898,944$340,106$2,993,352
6$5,494,023$1,995,743$357,111$3,141,168
7$5,768,724$2,097,383$374,967$3,296,374
8$6,057,160$2,204,104$393,715$3,459,340
9$6,360,018$2,316,162$413,401$3,630,455
10$6,678,019$2,433,822$434,071$3,810,126
11$7,011,920$2,557,365$455,775$3,998,780
12$7,362,516$2,687,086$478,564$4,196,866
13$7,730,641$2,823,292$502,492$4,404,857
14$8,117,174$2,966,309$527,616$4,623,248
15$8,523,032$3,116,477$553,997$4,852,558
16$8,949,184$3,274,153$581,697$5,093,334
17$9,396,643$3,439,713$610,782$5,346,148
18$9,866,475$3,613,551$641,321$5,611,603
19$10,359,799$3,796,081$673,387$5,890,331
20$10,877,789$3,987,737$707,056$6,182,996
21$11,421,678$4,188,976$742,409$6,490,293
22$11,992,762$4,400,277$779,530$6,812,956
23$12,592,400$4,622,143$818,506$7,151,751
24$13,222,020$4,855,102$859,431$7,507,486
25$13,883,121$5,099,710$902,403$7,881,009
26$14,577,278$5,356,548$947,523$8,273,207
27$15,306,141$5,626,227$994,899$8,685,015
28$16,071,448$5,909,391$1,044,644$9,117,413
29$16,875,021$6,206,713$1,096,876$9,571,432
30$17,718,772$6,518,901$1,151,720$10,048,151
Total$286,000,001$104,708,651$18,589,998$162,701,348

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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.