USA Mega

U.S. Virgin Islands Powerball Jackpot Annuity Payout Schedule for Dec 18, 2023

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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 $544,400,000 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:Mon, Dec 18, 2023
Jackpot:$544,400,000
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$8,194,001$2,989,968$0$5,204,033
2$8,603,701$3,141,557$0$5,462,144
3$9,033,886$3,300,726$0$5,733,161
4$9,485,581$3,467,853$0$6,017,728
5$9,959,860$3,643,336$0$6,316,524
6$10,457,853$3,827,593$0$6,630,259
7$10,980,746$4,021,064$0$6,959,682
8$11,529,783$4,224,207$0$7,305,575
9$12,106,272$4,437,508$0$7,668,764
10$12,711,585$4,661,474$0$8,050,111
11$13,347,165$4,896,639$0$8,450,526
12$14,014,523$5,143,561$0$8,870,962
13$14,715,249$5,402,830$0$9,312,419
14$15,451,012$5,675,062$0$9,775,950
15$16,223,562$5,960,906$0$10,262,656
16$17,034,740$6,261,042$0$10,773,699
17$17,886,477$6,576,184$0$11,310,293
18$18,780,801$6,907,084$0$11,873,717
19$19,719,841$7,254,529$0$12,465,312
20$20,705,833$7,619,346$0$13,086,487
21$21,741,125$8,002,404$0$13,738,721
22$22,828,181$8,404,615$0$14,423,566
23$23,969,590$8,826,936$0$15,142,654
24$25,168,069$9,270,373$0$15,897,696
25$26,426,473$9,735,983$0$16,690,490
26$27,747,797$10,224,873$0$17,522,924
27$29,135,187$10,738,207$0$18,396,980
28$30,591,946$11,277,208$0$19,314,738
29$32,121,543$11,843,159$0$20,278,384
30$33,727,620$12,437,407$0$21,290,213
Total$544,400,001$200,173,634$0$344,226,368

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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.