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U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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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 $92,900,000 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:Sat, Nov 19, 2022
Jackpot:$92,900,000
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$1,398,278$475,551$0$922,728
2$1,468,192$501,419$0$966,773
3$1,541,602$528,580$0$1,013,021
4$1,618,682$557,100$0$1,061,582
5$1,699,616$587,046$0$1,112,570
6$1,784,597$618,489$0$1,166,108
7$1,873,827$651,504$0$1,222,323
8$1,967,518$686,169$0$1,281,349
9$2,065,894$722,569$0$1,343,325
10$2,169,189$760,788$0$1,408,401
11$2,277,648$800,918$0$1,476,731
12$2,391,530$843,054$0$1,548,476
13$2,511,107$887,297$0$1,623,810
14$2,636,662$933,753$0$1,702,910
15$2,768,495$982,531$0$1,785,964
16$2,906,920$1,033,748$0$1,873,172
17$3,052,266$1,087,526$0$1,964,740
18$3,204,880$1,143,993$0$2,060,886
19$3,365,123$1,203,283$0$2,161,840
20$3,533,380$1,265,538$0$2,267,841
21$3,710,049$1,330,906$0$2,379,143
22$3,895,551$1,399,542$0$2,496,009
23$4,090,329$1,471,609$0$2,618,719
24$4,294,845$1,547,280$0$2,747,565
25$4,509,587$1,626,735$0$2,882,852
26$4,735,067$1,710,162$0$3,024,904
27$4,971,820$1,797,761$0$3,174,059
28$5,220,411$1,889,740$0$3,330,671
29$5,481,432$1,986,317$0$3,495,114
30$5,755,503$2,087,724$0$3,667,779
Total$92,900,000$33,118,632$0$59,781,365

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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.