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Powerball Annuity Jackpot Analysis for Vermont

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $100,000,000 would be for a resident of Vermont, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Vermont

Drawing Date:  Wed, Jul 29, 2015
Jackpot:$100,000,000
Federal Tax:  25%
State Tax:6.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,783,010$445,752$106,981$1,230,277
2$1,854,330$463,583$111,260$1,279,488
3$1,928,504$482,126$115,710$1,330,667
4$2,005,644$501,411$120,339$1,383,894
5$2,085,869$521,467$125,152$1,439,250
6$2,169,304$542,326$130,158$1,496,820
7$2,256,076$564,019$135,365$1,556,693
8$2,346,319$586,580$140,779$1,618,960
9$2,440,172$610,043$146,410$1,683,719
10$2,537,779$634,445$152,267$1,751,068
11$2,639,290$659,823$158,357$1,821,110
12$2,744,862$686,215$164,692$1,893,955
13$2,854,656$713,664$171,279$1,969,713
14$2,968,843$742,211$178,131$2,048,501
15$3,087,596$771,899$185,256$2,130,441
16$3,211,100$802,775$192,666$2,215,659
17$3,339,544$834,886$200,373$2,304,285
18$3,473,126$868,281$208,388$2,396,457
19$3,612,051$903,013$216,723$2,492,315
20$3,756,533$939,133$225,392$2,592,008
21$3,906,794$976,699$234,408$2,695,688
22$4,063,066$1,015,767$243,784$2,803,516
23$4,225,589$1,056,397$253,535$2,915,656
24$4,394,612$1,098,653$263,677$3,032,282
25$4,570,397$1,142,599$274,224$3,153,574
26$4,753,213$1,188,303$285,193$3,279,717
27$4,943,341$1,235,835$296,600$3,410,905
28$5,141,075$1,285,269$308,464$3,547,342
29$5,346,718$1,336,679$320,803$3,689,235
30$5,560,586$1,390,147$333,635$3,836,805
Total$100,000,000$25,000,000$6,000,000$69,000,000
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