USA Mega

U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Jul 11, 2020

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

The tax information provided here is based on 2021 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 $78,300,000 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 prize money, as well as deductions claimed.

State:

U.S. Virgin Islands

Drawing Date:Sat, Jul 11, 2020
Jackpot:$78,300,000
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$1,178,527$400,127$0$778,400
2$1,237,454$421,930$0$815,524
3$1,299,326$444,823$0$854,503
4$1,364,293$468,861$0$895,432
5$1,432,507$494,100$0$938,407
6$1,504,133$520,601$0$983,531
7$1,579,339$548,428$0$1,030,912
8$1,658,306$577,646$0$1,080,661
9$1,741,222$608,324$0$1,132,897
10$1,828,283$640,537$0$1,187,746
11$1,919,697$674,360$0$1,245,337
12$2,015,682$709,874$0$1,305,807
13$2,116,466$747,165$0$1,369,301
14$2,222,289$786,319$0$1,435,970
15$2,333,404$827,432$0$1,505,972
16$2,450,074$870,600$0$1,579,474
17$2,572,577$915,926$0$1,656,652
18$2,701,206$963,519$0$1,737,688
19$2,836,267$1,013,491$0$1,822,776
20$2,978,080$1,065,962$0$1,912,118
21$3,126,984$1,121,056$0$2,005,928
22$3,283,333$1,178,906$0$2,104,428
23$3,447,500$1,239,647$0$2,207,853
24$3,619,875$1,303,426$0$2,316,449
25$3,800,869$1,370,394$0$2,430,475
26$3,990,912$1,440,710$0$2,550,202
27$4,190,458$1,514,542$0$2,675,916
28$4,399,980$1,592,065$0$2,807,915
29$4,619,979$1,673,465$0$2,946,515
30$4,850,978$1,758,934$0$3,092,044
Total$78,300,000$27,893,170$0$50,406,833

◄ 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.