USA Mega

U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Jul 31, 2002

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 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 $14,000,000 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:Wed, Jul 31, 2002
Jackpot:$14,000,000
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$249,621$57,742$0$191,879
2$259,606$61,237$0$198,369
3$269,990$64,871$0$205,119
4$280,790$68,651$0$212,139
5$292,022$72,582$0$219,439
6$303,703$76,671$0$227,032
7$315,851$80,922$0$234,928
8$328,485$85,344$0$243,140
9$341,624$89,943$0$251,681
10$355,289$94,726$0$260,563
11$369,501$99,700$0$269,801
12$384,281$104,873$0$279,408
13$399,652$110,253$0$289,399
14$415,638$115,848$0$299,790
15$432,263$121,667$0$310,597
16$449,554$127,719$0$321,835
17$467,536$134,012$0$333,524
18$486,238$140,558$0$345,680
19$505,687$147,365$0$358,322
20$525,915$154,445$0$371,470
21$546,951$161,808$0$385,144
22$568,829$169,465$0$399,364
23$591,582$177,429$0$414,154
24$615,246$185,829$0$429,417
25$639,856$194,934$0$444,921
26$665,450$204,404$0$461,046
27$692,068$214,253$0$477,815
28$719,750$224,495$0$495,255
29$748,540$235,148$0$513,393
30$778,482$246,226$0$532,256
Total$14,000,000$4,023,120$0$9,976,880

◄ 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.