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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 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 $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 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: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,549,763$207,487$2,547,460
2$4,519,946$1,629,400$217,861$2,672,684
3$4,745,943$1,713,019$228,754$2,804,170
4$4,983,241$1,800,819$240,192$2,942,229
5$5,232,402$1,893,009$252,202$3,087,191
6$5,494,023$1,989,809$264,812$3,239,402
7$5,768,724$2,091,448$278,052$3,399,223
8$6,057,160$2,198,169$291,955$3,567,035
9$6,360,018$2,310,227$306,553$3,743,238
10$6,678,019$2,427,887$321,881$3,928,251
11$7,011,920$2,551,431$337,975$4,122,515
12$7,362,516$2,681,151$354,873$4,326,491
13$7,730,641$2,817,358$372,617$4,540,667
14$8,117,174$2,960,374$391,248$4,765,551
15$8,523,032$3,110,542$410,810$5,001,680
16$8,949,184$3,268,218$431,351$5,249,615
17$9,396,643$3,433,778$452,918$5,509,947
18$9,866,475$3,607,616$475,564$5,783,295
19$10,359,799$3,790,146$499,342$6,070,311
20$10,877,789$3,981,802$524,309$6,371,677
21$11,421,678$4,183,041$550,525$6,688,112
22$11,992,762$4,394,342$578,051$7,020,369
23$12,592,400$4,616,208$606,954$7,369,238
24$13,222,020$4,849,168$637,301$7,735,551
25$13,883,121$5,093,775$669,166$8,120,180
26$14,577,278$5,350,613$702,625$8,524,040
27$15,306,141$5,620,293$737,756$8,948,093
28$16,071,448$5,903,456$774,644$9,393,348
29$16,875,021$6,200,778$813,376$9,860,867
30$17,718,772$6,512,966$854,045$10,351,761
Total$286,000,001$104,530,606$13,785,199$167,684,191

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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.