USA Mega

Virginia Powerball Jackpot Annuity Payout Schedule for Feb 12, 2025

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The tax information provided here is based on 2025 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 $154,000,000 for a ticket purchased in Virginia, 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:

Virginia

Drawing Date:Wed, Feb 12, 2025
Jackpot:$154,000,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,317,921$814,651$133,280$1,369,990
2$2,433,817$857,533$139,944$1,436,340
3$2,555,508$902,558$146,942$1,506,008
4$2,683,283$949,835$154,289$1,579,159
5$2,817,447$999,476$162,003$1,655,968
6$2,958,320$1,051,599$170,103$1,736,618
7$3,106,236$1,106,328$178,609$1,821,300
8$3,261,548$1,163,793$187,539$1,910,216
9$3,424,625$1,224,132$196,916$2,003,578
10$3,595,856$1,287,487$206,762$2,101,607
11$3,775,649$1,354,010$217,100$2,204,539
12$3,964,432$1,423,860$227,955$2,312,617
13$4,162,653$1,497,202$239,353$2,426,099
14$4,370,786$1,574,211$251,320$2,545,255
15$4,589,325$1,655,071$263,886$2,670,368
16$4,818,791$1,739,973$277,081$2,801,738
17$5,059,731$1,829,121$290,935$2,939,676
18$5,312,717$1,922,726$305,481$3,084,510
19$5,578,353$2,021,011$320,755$3,236,587
20$5,857,271$2,124,211$336,793$3,396,267
21$6,150,134$2,232,570$353,633$3,563,932
22$6,457,641$2,346,347$371,314$3,739,979
23$6,780,523$2,465,814$389,880$3,924,829
24$7,119,549$2,591,254$409,374$4,118,922
25$7,475,527$2,722,965$429,843$4,322,719
26$7,849,303$2,861,262$451,335$4,536,706
27$8,241,768$3,006,475$473,902$4,761,392
28$8,653,857$3,158,947$497,597$4,997,313
29$9,086,550$3,319,044$522,477$5,245,029
30$9,540,877$3,487,145$548,600$5,505,132
Total$154,000,000$55,690,611$8,855,001$89,454,393

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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.