USA Mega

Virginia Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $77,300,000 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:Sat, Sep 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$79,250$832,037
2$1,433,397$487,377$82,420$863,600
3$1,490,733$508,592$85,717$896,425
4$1,550,363$530,654$89,146$930,562
5$1,612,377$553,600$92,712$966,066
6$1,676,872$577,463$96,420$1,002,989
7$1,743,947$602,281$100,277$1,041,389
8$1,813,705$628,091$104,288$1,081,326
9$1,886,253$654,934$108,460$1,122,860
10$1,961,703$682,850$112,798$1,166,055
11$2,040,171$711,884$117,310$1,210,978
12$2,121,778$742,078$122,002$1,257,698
13$2,206,649$773,481$126,882$1,306,286
14$2,294,915$806,139$131,958$1,356,819
15$2,386,712$840,104$137,236$1,409,372
16$2,482,180$875,427$142,725$1,464,028
17$2,581,468$912,163$148,434$1,520,870
18$2,684,726$950,369$154,372$1,579,986
19$2,792,115$990,103$160,547$1,641,466
20$2,903,800$1,031,426$166,968$1,705,405
21$3,019,952$1,074,402$173,647$1,771,902
22$3,140,750$1,119,098$180,593$1,841,059
23$3,266,380$1,165,581$187,817$1,912,982
24$3,397,035$1,213,923$195,330$1,987,782
25$3,532,917$1,264,199$203,143$2,065,575
26$3,674,233$1,316,487$211,268$2,146,478
27$3,821,203$1,370,865$219,719$2,230,618
28$3,974,051$1,427,419$228,508$2,318,124
29$4,133,013$1,486,235$237,648$2,409,130
30$4,298,333$1,547,404$247,154$2,503,776
Total$77,300,000$27,311,608$4,444,749$45,543,643

◄ Back to Jackpot Analysis

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.