USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
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$1,580,401$547,703$0$1,032,697
2$1,659,421$576,941$0$1,082,480
3$1,742,392$607,640$0$1,134,752
4$1,829,511$639,874$0$1,189,637
5$1,920,987$673,720$0$1,247,267
6$2,017,036$709,258$0$1,307,778
7$2,117,888$746,574$0$1,371,315
8$2,223,783$785,755$0$1,438,028
9$2,334,972$826,895$0$1,508,077
10$2,451,720$870,091$0$1,581,629
11$2,574,306$915,448$0$1,658,858
12$2,703,022$963,073$0$1,739,949
13$2,838,173$1,013,079$0$1,825,094
14$2,980,081$1,065,585$0$1,914,496
15$3,129,085$1,120,717$0$2,008,369
16$3,285,540$1,178,605$0$2,106,935
17$3,449,816$1,239,387$0$2,210,429
18$3,622,307$1,303,209$0$2,319,099
19$3,803,423$1,370,221$0$2,433,201
20$3,993,594$1,440,585$0$2,553,009
21$4,193,273$1,514,466$0$2,678,807
22$4,402,937$1,592,042$0$2,810,895
23$4,623,084$1,673,496$0$2,949,588
24$4,854,238$1,759,023$0$3,095,215
25$5,096,950$1,848,827$0$3,248,124
26$5,351,798$1,943,120$0$3,408,678
27$5,619,388$2,042,128$0$3,577,259
28$5,900,357$2,146,087$0$3,754,270
29$6,195,375$2,255,244$0$3,940,131
30$6,505,144$2,369,858$0$4,135,285
Total$105,000,000$37,738,651$0$67,261,351

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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.