USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Apr 2, 2021

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The tax information provided here is based on 2026 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 $168,000,000 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, Apr 2, 2021
Jackpot:$168,000,000
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$2,528,641$891,554$0$1,637,087
2$2,655,073$938,334$0$1,716,739
3$2,787,827$987,453$0$1,800,374
4$2,927,218$1,039,028$0$1,888,190
5$3,073,579$1,093,181$0$1,980,398
6$3,227,258$1,150,043$0$2,077,215
7$3,388,621$1,209,747$0$2,178,874
8$3,558,052$1,272,436$0$2,285,616
9$3,735,955$1,338,260$0$2,397,694
10$3,922,752$1,407,376$0$2,515,377
11$4,118,890$1,479,947$0$2,638,943
12$4,324,834$1,556,146$0$2,768,688
13$4,541,076$1,636,155$0$2,904,921
14$4,768,130$1,720,165$0$3,047,965
15$5,006,536$1,808,376$0$3,198,161
16$5,256,863$1,900,997$0$3,355,867
17$5,519,706$1,998,249$0$3,521,458
18$5,795,692$2,100,363$0$3,695,329
19$6,085,476$2,207,583$0$3,877,893
20$6,389,750$2,320,165$0$4,069,585
21$6,709,238$2,438,375$0$4,270,862
22$7,044,699$2,562,496$0$4,482,203
23$7,396,934$2,692,823$0$4,704,111
24$7,766,781$2,829,666$0$4,937,115
25$8,155,120$2,973,352$0$5,181,768
26$8,562,876$3,124,221$0$5,438,655
27$8,991,020$3,282,635$0$5,708,385
28$9,440,571$3,448,969$0$5,991,602
29$9,912,600$3,623,619$0$6,288,980
30$10,408,230$3,807,002$0$6,601,227
Total$168,000,000$60,838,716$0$107,161,282

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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.