USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Aug 21, 1998

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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 $22,000,000 for a ticket purchased in U.S. Virgin Islands, 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:

U.S. Virgin Islands

Drawing Date:Fri, Aug 21, 1998
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: Unknown state tax rate
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$85,443$0$245,688
2$347,688$91,238$0$256,450
3$365,073$97,323$0$267,750
4$383,326$103,711$0$279,615
5$402,492$110,420$0$292,073
6$422,617$117,463$0$305,154
7$443,748$124,859$0$318,889
8$465,935$132,625$0$333,311
9$489,232$140,779$0$348,454
10$513,694$149,340$0$364,354
11$539,378$158,330$0$381,049
12$566,347$167,769$0$398,579
13$594,665$177,680$0$416,985
14$624,398$188,087$0$436,311
15$655,618$199,599$0$456,019
16$688,399$211,728$0$476,671
17$722,819$224,463$0$498,356
18$758,960$237,835$0$521,124
19$796,908$251,876$0$545,032
20$836,753$266,619$0$570,134
21$878,591$282,099$0$596,492
22$922,520$298,353$0$624,167
23$968,646$315,419$0$653,227
24$1,017,078$333,339$0$683,739
25$1,067,932$352,155$0$715,777
26$1,121,329$371,912$0$749,417
27$1,177,395$392,657$0$784,739
28$1,236,265$414,438$0$821,827
29$1,298,079$437,309$0$860,769
30$1,362,982$461,324$0$901,659
Total$22,000,000$6,896,192$0$15,103,811

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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.