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Virginia Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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The tax information provided here is based on 2025 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 $451,000,000 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 money, as well as deductions claimed.

State:

Virginia

Drawing Date:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,468,653$390,321$3,929,223
2$7,127,607$2,594,235$409,837$4,123,535
3$7,483,987$2,726,096$430,329$4,327,563
4$7,858,187$2,864,549$451,846$4,541,792
5$8,251,096$3,009,926$474,438$4,766,732
6$8,663,651$3,162,571$498,160$5,002,920
7$9,096,834$3,322,849$523,068$5,250,917
8$9,551,675$3,491,140$549,221$5,511,314
9$10,029,259$3,667,846$576,682$5,784,731
10$10,530,722$3,853,387$605,517$6,071,818
11$11,057,258$4,048,206$635,792$6,373,260
12$11,610,121$4,252,765$667,582$6,689,774
13$12,190,627$4,467,552$700,961$7,022,114
14$12,800,158$4,693,079$736,009$7,371,070
15$13,440,166$4,929,882$772,810$7,737,475
16$14,112,175$5,178,525$811,450$8,122,200
17$14,817,783$5,439,600$852,023$8,526,161
18$15,558,672$5,713,729$894,624$8,950,320
19$16,336,606$6,001,564$939,355$9,395,687
20$17,153,436$6,303,792$986,323$9,863,322
21$18,011,108$6,621,130$1,035,639$10,354,339
22$18,911,663$6,954,336$1,087,421$10,869,907
23$19,857,247$7,304,202$1,141,792$11,411,254
24$20,850,109$7,671,561$1,198,881$11,979,667
25$21,892,614$8,057,288$1,258,825$12,576,501
26$22,987,245$8,462,301$1,321,767$13,203,178
27$24,136,608$8,887,565$1,387,855$13,861,188
28$25,343,438$9,334,092$1,457,248$14,552,098
29$26,610,610$9,802,946$1,530,110$15,277,554
30$27,941,140$10,295,242$1,606,616$16,039,283
Total$451,000,001$165,580,609$25,932,502$259,486,897

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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.