USA Mega

U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Jan 9, 2002

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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 Powerball 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 $49,100,000 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:Wed, Jan 9, 2002
Jackpot:$49,100,000
Federal Tax:37% marginal rate
State Tax: Unknown state tax rate
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$875,458$282,107$0$593,351
2$910,476$295,064$0$615,412
3$946,895$308,539$0$638,356
4$984,771$322,553$0$662,218
5$1,024,162$337,128$0$687,034
6$1,065,128$352,285$0$712,843
7$1,107,733$368,049$0$739,684
8$1,152,043$384,444$0$767,599
9$1,198,125$401,494$0$796,631
10$1,246,050$419,226$0$826,823
11$1,295,892$437,668$0$858,224
12$1,347,727$456,847$0$890,880
13$1,401,636$476,793$0$924,843
14$1,457,702$497,537$0$960,164
15$1,516,010$519,111$0$996,898
16$1,576,650$541,548$0$1,035,102
17$1,639,716$564,883$0$1,074,833
18$1,705,305$589,151$0$1,116,154
19$1,773,517$614,389$0$1,159,128
20$1,844,458$640,637$0$1,203,821
21$1,918,236$667,935$0$1,250,301
22$1,994,965$696,325$0$1,298,640
23$2,074,764$725,850$0$1,348,914
24$2,157,755$756,557$0$1,401,198
25$2,244,065$788,492$0$1,455,573
26$2,333,827$821,704$0$1,512,124
27$2,427,180$856,245$0$1,570,936
28$2,524,268$892,167$0$1,632,101
29$2,625,238$929,526$0$1,695,712
30$2,730,248$968,379$0$1,761,868
Total$49,100,000$16,912,633$0$32,187,365

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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.