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West Virginia Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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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 $166,000,000 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, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$120,430$1,496,629
2$2,623,465$927,702$126,451$1,569,312
3$2,754,638$976,236$132,774$1,645,628
4$2,892,370$1,027,197$139,412$1,725,761
5$3,036,989$1,080,706$146,383$1,809,900
6$3,188,838$1,136,890$153,702$1,898,246
7$3,348,280$1,195,884$161,387$1,991,009
8$3,515,694$1,257,827$169,456$2,088,411
9$3,691,479$1,322,867$177,929$2,190,682
10$3,876,053$1,391,160$186,826$2,298,067
11$4,069,856$1,462,867$196,167$2,410,822
12$4,273,348$1,538,159$205,975$2,529,214
13$4,487,016$1,617,216$216,274$2,653,525
14$4,711,367$1,700,226$227,088$2,784,053
15$4,946,935$1,787,386$238,442$2,921,106
16$5,194,282$1,878,904$250,364$3,065,013
17$5,453,996$1,974,999$262,883$3,216,114
18$5,726,695$2,075,898$276,027$3,374,771
19$6,013,030$2,181,841$289,828$3,541,361
20$6,313,682$2,293,082$304,319$3,716,280
21$6,629,366$2,409,886$319,535$3,899,945
22$6,960,834$2,532,529$335,512$4,092,793
23$7,308,876$2,661,304$352,288$4,295,284
24$7,674,319$2,796,518$369,902$4,507,899
25$8,058,035$2,938,493$388,397$4,731,145
26$8,460,937$3,087,567$407,817$4,965,553
27$8,883,984$3,244,094$428,208$5,211,682
28$9,328,183$3,408,448$449,618$5,470,117
29$9,794,592$3,581,019$472,099$5,741,474
30$10,284,322$3,762,219$495,704$6,026,398
Total$166,000,000$60,130,603$8,001,197$97,868,194

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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.