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Jackpot Analysis For West Virginia
Powerball |
MIE, 10/02/2010 |
Annuity |
Cash |
Jackpot Amount |
$20,000,000 |
$9,900,000 |
Gross Prize |
30
Annual Payments of $666,666 |
Lump-Sum Cash $9,900,000 |
Less 25% Federal Tax |
-$166,666 |
-$2,475,000 |
Less 6.5% State Tax |
-$43,333 |
-$643,500 |
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Yearly Net Pay: $456,667
Total Pay After 30 payments:
$13,700,010 |
Lump-Sum Net Payout: $6,781,500 |
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