USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
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$3,582,242$1,282,450$0$2,299,792
2$3,761,354$1,348,721$0$2,412,633
3$3,949,421$1,418,306$0$2,531,115
4$4,146,892$1,491,370$0$2,655,522
5$4,354,237$1,568,088$0$2,786,149
6$4,571,949$1,648,641$0$2,923,308
7$4,800,546$1,733,222$0$3,067,324
8$5,040,574$1,822,033$0$3,218,541
9$5,292,602$1,915,283$0$3,377,319
10$5,557,232$2,013,196$0$3,544,036
11$5,835,094$2,116,005$0$3,719,089
12$6,126,849$2,223,954$0$3,902,894
13$6,433,191$2,337,301$0$4,095,890
14$6,754,851$2,456,315$0$4,298,536
15$7,092,593$2,581,280$0$4,511,314
16$7,447,223$2,712,493$0$4,734,730
17$7,819,584$2,850,266$0$4,969,318
18$8,210,563$2,994,929$0$5,215,635
19$8,621,091$3,146,824$0$5,474,267
20$9,052,146$3,306,314$0$5,745,832
21$9,504,753$3,473,779$0$6,030,974
22$9,979,991$3,649,617$0$6,330,374
23$10,478,991$3,834,247$0$6,644,744
24$11,002,940$4,028,108$0$6,974,832
25$11,553,087$4,231,662$0$7,321,425
26$12,130,741$4,445,395$0$7,685,347
27$12,737,279$4,669,813$0$8,067,465
28$13,374,142$4,905,453$0$8,468,689
29$14,042,849$5,152,875$0$8,889,975
30$14,744,992$5,412,667$0$9,332,325
Total$238,000,000$86,770,607$0$151,229,394

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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.