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West Virginia Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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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 $181,100,000 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:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$131,384$1,628,859
2$2,862,106$1,015,999$137,953$1,708,153
3$3,005,211$1,068,948$144,851$1,791,411
4$3,155,472$1,124,545$152,094$1,878,833
5$3,313,245$1,182,921$159,698$1,970,626
6$3,478,907$1,244,216$167,683$2,067,008
7$3,652,853$1,308,576$176,068$2,168,209
8$3,835,495$1,376,154$184,871$2,274,471
9$4,027,270$1,447,110$194,114$2,386,045
10$4,228,634$1,521,615$203,820$2,503,199
11$4,440,065$1,599,844$214,011$2,626,210
12$4,662,069$1,681,986$224,712$2,755,371
13$4,895,172$1,768,234$235,947$2,890,991
14$5,139,931$1,858,795$247,745$3,033,391
15$5,396,927$1,953,883$260,132$3,182,912
16$5,666,773$2,053,726$273,138$3,339,909
17$5,950,112$2,158,562$286,795$3,504,755
18$6,247,618$2,268,639$301,135$3,677,844
19$6,559,999$2,384,220$316,192$3,859,587
20$6,887,999$2,505,580$332,002$4,050,417
21$7,232,398$2,633,008$348,602$4,250,789
22$7,594,018$2,766,807$366,032$4,461,180
23$7,973,719$2,907,296$384,333$4,682,090
24$8,372,405$3,054,810$403,550$4,914,045
25$8,791,025$3,209,700$423,727$5,157,598
26$9,230,577$3,372,334$444,914$5,413,329
27$9,692,106$3,543,099$467,159$5,681,847
28$10,176,711$3,722,403$490,517$5,963,790
29$10,685,546$3,910,672$515,043$6,259,831
30$11,219,824$4,108,355$540,796$6,570,673
Total$181,100,000$65,717,609$8,729,018$106,653,373

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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.