USA Mega

U.S. Virgin Islands Mega Millions Jackpot Annuity Payout Schedule for Sep 10, 2024

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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 $800,000,000 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, Sep 10, 2024
Jackpot:$800,000,000
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$12,041,148$4,413,413$0$7,627,735
2$12,643,206$4,636,174$0$8,007,032
3$13,275,366$4,870,073$0$8,405,293
4$13,939,134$5,115,667$0$8,823,467
5$14,636,090$5,373,541$0$9,262,549
6$15,367,895$5,644,309$0$9,723,586
7$16,136,290$5,928,615$0$10,207,675
8$16,943,105$6,227,137$0$10,715,968
9$17,790,260$6,540,584$0$11,249,676
10$18,679,773$6,869,704$0$11,810,069
11$19,613,762$7,215,280$0$12,398,482
12$20,594,450$7,578,134$0$13,016,315
13$21,624,172$7,959,131$0$13,665,041
14$22,705,381$8,359,179$0$14,346,202
15$23,840,650$8,779,228$0$15,061,421
16$25,032,682$9,220,280$0$15,812,402
17$26,284,316$9,683,385$0$16,600,931
18$27,598,532$10,169,645$0$17,428,887
19$28,978,458$10,680,217$0$18,298,241
20$30,427,382$11,216,319$0$19,211,063
21$31,948,750$11,779,225$0$20,169,525
22$33,546,188$12,370,277$0$21,175,911
23$35,223,498$12,990,882$0$22,232,616
24$36,984,672$13,642,516$0$23,342,156
25$38,833,906$14,326,733$0$24,507,173
26$40,775,602$15,045,160$0$25,730,441
27$42,814,382$15,799,509$0$27,014,873
28$44,955,100$16,591,575$0$28,363,525
29$47,202,855$17,423,244$0$29,779,611
30$49,562,998$18,296,497$0$31,266,501
Total$800,000,002$294,745,633$0$505,254,367

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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.