USA Mega

Virginia Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2022 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 Mega Millions 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 $77,000,000 for a ticket purchased in 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 prize money, as well as deductions claimed.

State:

Virginia

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$66,640$700,550
2$1,216,909$413,211$69,972$733,725
3$1,277,754$435,724$73,471$768,559
4$1,341,642$459,362$77,144$805,135
5$1,408,724$484,183$81,002$843,539
6$1,479,160$510,244$85,052$883,864
7$1,553,118$537,609$89,304$926,205
8$1,630,774$566,341$93,769$970,663
9$1,712,313$596,511$98,458$1,017,344
10$1,797,928$628,188$103,381$1,066,359
11$1,887,825$661,450$108,550$1,117,825
12$1,982,216$696,375$113,977$1,171,864
13$2,081,327$733,046$119,676$1,228,604
14$2,185,393$771,550$125,660$1,288,182
15$2,294,663$811,980$131,943$1,350,739
16$2,409,396$854,431$138,540$1,416,424
17$2,529,865$899,005$145,467$1,485,393
18$2,656,359$945,808$152,741$1,557,810
19$2,789,177$994,950$160,378$1,633,849
20$2,928,635$1,046,550$168,397$1,713,689
21$3,075,067$1,100,730$176,816$1,797,521
22$3,228,821$1,157,619$185,657$1,885,545
23$3,390,262$1,217,352$194,940$1,977,970
24$3,559,775$1,280,072$204,687$2,075,016
25$3,737,763$1,345,927$214,921$2,176,915
26$3,924,652$1,415,076$225,667$2,283,908
27$4,120,884$1,487,682$236,951$2,396,251
28$4,326,928$1,563,918$248,798$2,514,211
29$4,543,275$1,643,967$261,238$2,638,070
30$4,770,439$1,728,017$274,300$2,768,121
Total$77,000,000$27,378,648$4,427,497$45,193,850

◄ Back to Jackpot Analysis

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.