USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
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$6,457,066$2,352,069$0$4,104,996
2$6,779,919$2,471,525$0$4,308,394
3$7,118,915$2,596,953$0$4,521,961
4$7,474,861$2,728,654$0$4,746,207
5$7,848,603$2,866,938$0$4,981,665
6$8,241,034$3,012,138$0$5,228,896
7$8,653,086$3,164,597$0$5,488,489
8$9,085,740$3,324,679$0$5,761,061
9$9,540,027$3,492,765$0$6,047,262
10$10,017,028$3,669,255$0$6,347,773
11$10,517,880$3,854,570$0$6,663,309
12$11,043,774$4,049,151$0$6,994,622
13$11,595,962$4,253,461$0$7,342,501
14$12,175,760$4,467,986$0$7,707,774
15$12,784,548$4,693,238$0$8,091,310
16$13,423,776$4,929,752$0$8,494,024
17$14,094,964$5,178,092$0$8,916,873
18$14,799,713$5,438,849$0$9,360,864
19$15,539,698$5,712,643$0$9,827,055
20$16,316,683$6,000,128$0$10,316,556
21$17,132,517$6,301,986$0$10,830,531
22$17,989,143$6,618,938$0$11,370,205
23$18,888,601$6,951,737$0$11,936,863
24$19,833,030$7,301,176$0$12,531,854
25$20,824,682$7,668,087$0$13,156,595
26$21,865,916$8,053,344$0$13,812,572
27$22,959,212$8,457,863$0$14,501,349
28$24,107,172$8,882,609$0$15,224,564
29$25,312,531$9,328,592$0$15,983,940
30$26,578,158$9,796,873$0$16,781,284
Total$429,000,001$157,618,648$0$271,381,349

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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.