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

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The tax information provided here is based on 2026 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 $264,700,000 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 money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Sat, Mar 1, 2025
Jackpot:$264,700,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,984,115$1,430,080$192,034$2,362,001
2$4,183,321$1,503,786$201,636$2,477,899
3$4,392,487$1,581,177$211,718$2,599,591
4$4,612,111$1,662,438$222,304$2,727,369
5$4,842,716$1,747,762$233,419$2,861,535
6$5,084,852$1,837,353$245,090$3,002,410
7$5,339,095$1,931,422$257,344$3,150,328
8$5,606,050$2,030,196$270,212$3,305,643
9$5,886,352$2,133,908$283,722$3,468,723
10$6,180,670$2,242,805$297,908$3,639,956
11$6,489,703$2,357,147$312,804$3,819,752
12$6,814,189$2,477,207$328,444$4,008,538
13$7,154,898$2,603,269$344,866$4,206,762
14$7,512,643$2,735,635$362,109$4,414,898
15$7,888,275$2,874,619$380,215$4,633,441
16$8,282,689$3,020,552$399,226$4,862,911
17$8,696,823$3,173,782$419,187$5,103,854
18$9,131,664$3,334,673$440,146$5,356,845
19$9,588,247$3,503,609$462,154$5,622,485
20$10,067,660$3,680,991$485,261$5,901,407
21$10,571,043$3,867,243$509,524$6,194,275
22$11,099,595$4,062,807$535,000$6,501,787
23$11,654,575$4,268,150$561,751$6,824,674
24$12,237,303$4,483,759$589,838$7,163,706
25$12,849,169$4,710,150$619,330$7,519,689
26$13,491,627$4,947,859$650,296$7,893,471
27$14,166,209$5,197,454$682,811$8,285,943
28$14,874,519$5,459,529$716,952$8,698,038
29$15,618,245$5,734,708$752,799$9,130,738
30$16,399,157$6,023,645$790,439$9,585,072
Total$264,700,001$96,617,715$12,758,539$155,323,741

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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.