USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Jun 10, 1992

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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 $6,800,000 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, Jun 10, 1992
Jackpot:$6,800,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$121,245$21,697$5,844$93,704
2$126,094$22,861$6,078$97,156
3$131,138$24,071$6,321$100,746
4$136,384$25,330$6,574$104,480
5$141,839$26,639$6,837$108,363
6$147,513$28,001$7,110$112,402
7$153,413$29,417$7,395$116,602
8$159,550$30,890$7,690$120,969
9$165,932$32,422$7,998$125,512
10$172,569$34,015$8,318$130,237
11$179,472$35,671$8,651$135,150
12$186,651$37,394$8,997$140,260
13$194,117$39,186$9,356$145,574
14$201,881$41,058$9,731$151,093
15$209,957$43,642$10,120$156,195
16$218,355$46,330$10,525$161,501
17$227,089$49,124$10,946$167,019
18$236,173$52,031$11,384$172,758
19$245,619$55,054$11,839$178,726
20$255,444$58,198$12,312$184,934
21$265,662$61,751$12,805$191,106
22$276,288$65,470$13,317$197,501
23$287,340$69,338$13,850$204,152
24$298,834$73,361$14,404$211,069
25$310,787$77,545$14,980$218,262
26$323,218$81,896$15,579$225,744
27$336,147$86,421$16,202$233,524
28$349,593$91,127$16,850$241,616
29$363,577$96,021$17,524$250,031
30$378,120$101,111$18,225$258,783
Total$6,800,000$1,537,072$327,762$4,935,169

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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.