USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 1999

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The tax information provided here is based on 2024 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 $30,000,000 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:Tue, Jan 19, 1999
Jackpot:$30,000,000
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$451,543$128,415$0$323,128
2$474,120$136,317$0$337,803
3$497,826$144,614$0$353,212
4$522,718$153,326$0$369,392
5$548,853$162,473$0$386,380
6$576,296$172,078$0$404,218
7$605,111$182,164$0$422,947
8$635,366$193,273$0$442,093
9$667,135$205,028$0$462,107
10$700,491$217,370$0$483,122
11$735,516$230,329$0$505,187
12$772,292$243,936$0$528,356
13$810,906$258,223$0$552,683
14$851,452$273,225$0$578,227
15$894,024$288,977$0$605,048
16$938,726$305,516$0$633,209
17$985,662$322,883$0$662,779
18$1,034,945$341,117$0$693,828
19$1,086,692$360,264$0$726,428
20$1,141,027$380,368$0$760,659
21$1,198,078$401,477$0$796,601
22$1,257,982$423,641$0$834,341
23$1,320,881$446,914$0$873,967
24$1,386,925$471,350$0$915,575
25$1,456,271$497,008$0$959,263
26$1,529,085$523,949$0$1,005,136
27$1,605,539$552,237$0$1,053,302
28$1,685,816$581,940$0$1,103,876
29$1,770,107$613,127$0$1,156,980
30$1,858,612$645,874$0$1,212,738
Total$30,000,000$9,857,413$0$20,142,585

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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.