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U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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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 $125,800,000 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, Oct 19, 2011
Jackpot:$125,800,000
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$2,243,026$788,108$0$1,454,919
2$2,332,748$821,304$0$1,511,443
3$2,426,057$855,829$0$1,570,228
4$2,523,100$891,735$0$1,631,365
5$2,624,024$929,077$0$1,694,947
6$2,728,985$967,912$0$1,761,073
7$2,838,144$1,008,301$0$1,829,843
8$2,951,670$1,050,306$0$1,901,364
9$3,069,737$1,093,990$0$1,975,746
10$3,192,526$1,139,422$0$2,053,104
11$3,320,227$1,186,672$0$2,133,555
12$3,453,036$1,235,811$0$2,217,225
13$3,591,158$1,286,916$0$2,304,242
14$3,734,804$1,340,065$0$2,394,739
15$3,884,196$1,395,340$0$2,488,856
16$4,039,564$1,452,826$0$2,586,738
17$4,201,147$1,512,612$0$2,688,535
18$4,369,192$1,574,789$0$2,794,403
19$4,543,960$1,639,453$0$2,904,507
20$4,725,718$1,706,704$0$3,019,015
21$4,914,747$1,776,644$0$3,138,103
22$5,111,337$1,849,382$0$3,261,955
23$5,315,791$1,925,030$0$3,390,760
24$5,528,422$2,003,704$0$3,524,718
25$5,749,559$2,085,525$0$3,664,034
26$5,979,541$2,170,618$0$3,808,923
27$6,218,723$2,259,115$0$3,959,608
28$6,467,472$2,351,152$0$4,116,320
29$6,726,171$2,446,871$0$4,279,300
30$6,995,218$2,546,418$0$4,448,799
Total$125,800,000$45,291,631$0$80,508,367

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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.