USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for Jul 27, 2013

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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 $201,300,000 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, Jul 27, 2013
Jackpot:$201,300,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,589,199$1,283,961$172,999$2,132,239
2$3,732,767$1,337,081$179,919$2,215,767
3$3,882,078$1,392,326$187,116$2,302,635
4$4,037,361$1,449,781$194,601$2,392,979
5$4,198,855$1,509,534$202,385$2,486,937
6$4,366,809$1,571,677$210,480$2,584,652
7$4,541,482$1,636,305$218,899$2,686,277
8$4,723,141$1,703,519$227,655$2,791,966
9$4,912,067$1,773,422$236,762$2,901,883
10$5,108,549$1,846,120$246,232$3,016,197
11$5,312,891$1,921,727$256,081$3,135,083
12$5,525,407$2,000,358$266,325$3,258,724
13$5,746,423$2,082,134$276,978$3,387,312
14$5,976,280$2,167,181$288,057$3,521,043
15$6,215,331$2,255,630$299,579$3,660,122
16$6,463,945$2,347,617$311,562$3,804,766
17$6,722,502$2,443,283$324,025$3,955,195
18$6,991,402$2,542,776$336,986$4,111,641
19$7,271,059$2,646,249$350,465$4,274,345
20$7,561,901$2,753,861$364,484$4,443,557
21$7,864,377$2,865,777$379,063$4,619,537
22$8,178,952$2,982,169$394,225$4,802,557
23$8,506,110$3,103,218$409,995$4,992,898
24$8,846,354$3,229,108$426,394$5,190,852
25$9,200,209$3,360,034$443,450$5,396,724
26$9,568,217$3,496,198$461,188$5,610,831
27$9,950,946$3,637,807$479,636$5,833,503
28$10,348,983$3,785,081$498,821$6,065,081
29$10,762,943$3,938,246$518,774$6,305,923
30$11,193,461$4,097,538$539,525$6,556,398
Total$201,300,000$73,159,718$9,702,661$118,437,624

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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.