USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Jul 14, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $560,000,000 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, Jul 14, 2023
Jackpot:$560,000,000
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$8,428,804$3,076,845$0$5,351,959
2$8,850,244$3,232,778$0$5,617,466
3$9,292,756$3,396,507$0$5,896,248
4$9,757,394$3,568,424$0$6,188,971
5$10,245,263$3,748,935$0$6,496,328
6$10,757,527$3,938,473$0$6,819,054
7$11,295,403$4,137,487$0$7,157,916
8$11,860,173$4,346,452$0$7,513,721
9$12,453,182$4,565,865$0$7,887,317
10$13,075,841$4,796,249$0$8,279,592
11$13,729,633$5,038,152$0$8,691,481
12$14,416,115$5,292,150$0$9,123,965
13$15,136,920$5,558,848$0$9,578,072
14$15,893,767$5,838,881$0$10,054,885
15$16,688,455$6,132,916$0$10,555,539
16$17,522,878$6,441,652$0$11,081,225
17$18,399,021$6,765,826$0$11,633,196
18$19,318,972$7,106,208$0$12,212,765
19$20,284,921$7,463,608$0$12,821,312
20$21,299,167$7,838,880$0$13,460,288
21$22,364,125$8,232,914$0$14,131,211
22$23,482,332$8,646,650$0$14,835,681
23$24,656,448$9,081,074$0$15,575,375
24$25,889,270$9,537,218$0$16,352,053
25$27,183,734$10,016,169$0$17,167,565
26$28,542,921$10,519,069$0$18,023,853
27$29,970,067$11,047,113$0$18,922,955
28$31,468,570$11,601,559$0$19,867,011
29$33,041,999$12,183,727$0$20,858,271
30$34,694,099$12,795,004$0$21,899,095
Total$560,000,001$205,945,633$0$354,054,370

◄ Back to Jackpot Analysis

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.