USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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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 $259,000,000 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 prize money, as well as deductions claimed.

State:

U.S. Virgin Islands

Drawing Date:Tue, Nov 22, 2022
Jackpot:$259,000,000
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$3,898,322$1,405,334$0$2,492,988
2$4,093,238$1,477,453$0$2,615,785
3$4,297,900$1,553,178$0$2,744,722
4$4,512,795$1,632,689$0$2,880,106
5$4,738,434$1,716,176$0$3,022,259
6$4,975,356$1,803,837$0$3,171,519
7$5,224,124$1,895,881$0$3,328,243
8$5,485,330$1,992,527$0$3,492,803
9$5,759,597$2,094,006$0$3,665,591
10$6,047,576$2,200,558$0$3,847,018
11$6,349,955$2,312,438$0$4,037,517
12$6,667,453$2,429,913$0$4,237,540
13$7,000,826$2,553,261$0$4,447,565
14$7,350,867$2,682,776$0$4,668,091
15$7,718,410$2,818,767$0$4,899,643
16$8,104,331$2,961,557$0$5,142,773
17$8,509,547$3,111,488$0$5,398,060
18$8,935,025$3,268,914$0$5,666,111
19$9,381,776$3,434,212$0$5,947,564
20$9,850,865$3,607,775$0$6,243,090
21$10,343,408$3,790,016$0$6,553,392
22$10,860,578$3,981,369$0$6,879,209
23$11,403,607$4,182,290$0$7,221,318
24$11,973,788$4,393,256$0$7,580,531
25$12,572,477$4,614,771$0$7,957,705
26$13,201,101$4,847,362$0$8,353,739
27$13,861,156$5,091,583$0$8,769,573
28$14,554,214$5,348,014$0$9,206,200
29$15,281,924$5,617,267$0$9,664,657
30$16,046,021$5,899,983$0$10,146,038
Total$259,000,001$94,718,651$0$164,281,350

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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.