USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Dec 13, 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 $400,000,000 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, Dec 13, 2022
Jackpot:$400,000,000
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$6,020,574$2,190,567$0$3,830,007
2$6,321,603$2,301,948$0$4,019,655
3$6,637,683$2,418,898$0$4,218,785
4$6,969,567$2,541,695$0$4,427,872
5$7,318,045$2,670,632$0$4,647,413
6$7,683,948$2,806,016$0$4,877,932
7$8,068,145$2,948,169$0$5,119,976
8$8,471,552$3,097,429$0$5,374,123
9$8,895,130$3,254,153$0$5,640,977
10$9,339,886$3,418,713$0$5,921,173
11$9,806,881$3,591,501$0$6,215,380
12$10,297,225$3,772,928$0$6,524,297
13$10,812,086$3,963,427$0$6,848,659
14$11,352,690$4,163,450$0$7,189,240
15$11,920,325$4,373,475$0$7,546,850
16$12,516,341$4,594,001$0$7,922,340
17$13,142,158$4,825,553$0$8,316,605
18$13,799,266$5,068,683$0$8,730,583
19$14,489,229$5,323,970$0$9,165,259
20$15,213,691$5,592,021$0$9,621,670
21$15,974,375$5,873,474$0$10,100,901
22$16,773,094$6,169,000$0$10,604,094
23$17,611,749$6,479,302$0$11,132,447
24$18,492,336$6,805,119$0$11,687,217
25$19,416,953$7,147,228$0$12,269,725
26$20,387,801$7,506,441$0$12,881,360
27$21,407,191$7,883,616$0$13,523,575
28$22,477,550$8,279,649$0$14,197,902
29$23,601,428$8,695,483$0$14,905,944
30$24,781,499$9,132,110$0$15,649,389
Total$400,000,001$146,888,650$0$253,111,350

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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.