USA Mega

Virginia Powerball Jackpot Annuity Payout Schedule for Jul 14, 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 $248,000,000 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:Mon, Jul 14, 2025
Jackpot:$248,000,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,732,756$1,338,140$214,633$2,179,982
2$3,919,394$1,407,196$225,365$2,286,833
3$4,115,363$1,479,705$236,633$2,399,025
4$4,321,132$1,555,839$248,465$2,516,828
5$4,537,188$1,635,780$260,888$2,640,520
6$4,764,048$1,719,718$273,933$2,770,397
7$5,002,250$1,807,853$287,629$2,906,768
8$5,252,362$1,900,394$302,011$3,049,957
9$5,514,981$1,997,563$317,111$3,200,306
10$5,790,730$2,099,590$332,967$3,358,172
11$6,080,266$2,206,719$349,615$3,523,932
12$6,384,279$2,319,204$367,096$3,697,980
13$6,703,493$2,437,313$385,451$3,880,730
14$7,038,668$2,561,327$404,723$4,072,617
15$7,390,601$2,691,543$424,960$4,274,099
16$7,760,132$2,828,269$446,208$4,485,655
17$8,148,138$2,971,831$468,518$4,707,789
18$8,555,545$3,122,572$491,944$4,941,029
19$8,983,322$3,280,849$516,541$5,185,932
20$9,432,488$3,447,041$542,368$5,443,079
21$9,904,113$3,621,542$569,486$5,713,084
22$10,399,318$3,804,768$597,961$5,996,589
23$10,919,284$3,997,155$627,859$6,294,270
24$11,465,248$4,199,162$659,252$6,606,834
25$12,038,511$4,411,269$692,214$6,935,027
26$12,640,436$4,633,982$726,825$7,279,630
27$13,272,458$4,867,830$763,166$7,641,462
28$13,936,081$5,113,370$801,325$8,021,386
29$14,632,885$5,371,188$841,391$8,420,306
30$15,364,530$5,641,896$883,460$8,839,173
Total$248,000,000$90,470,608$14,259,998$143,269,391

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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.