USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for May 11, 2011

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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 $65,200,000 for a ticket purchased in 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 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:

Vermont

Drawing Date:Wed, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$388,321$101,721$672,481
2$1,209,023$405,526$105,790$697,707
3$1,257,384$423,420$110,021$723,943
4$1,307,680$442,029$114,422$751,228
5$1,359,987$461,383$118,999$779,605
6$1,414,386$481,511$123,759$809,117
7$1,470,962$502,444$128,709$839,809
8$1,529,800$524,214$133,858$871,729
9$1,590,992$546,855$139,212$904,926
10$1,654,632$570,402$144,780$939,450
11$1,720,817$594,890$150,572$975,356
12$1,789,650$620,358$156,594$1,012,697
13$1,861,236$646,845$162,858$1,051,533
14$1,935,685$674,391$169,372$1,091,922
15$2,013,113$703,039$176,147$1,133,926
16$2,093,637$732,834$183,193$1,177,610
17$2,177,383$763,819$190,521$1,223,042
18$2,264,478$796,045$198,142$1,270,292
19$2,355,057$829,559$206,068$1,319,431
20$2,449,259$864,414$214,310$1,370,536
21$2,547,230$900,663$222,883$1,423,684
22$2,649,119$938,362$231,798$1,478,959
23$2,755,084$977,569$241,070$1,536,445
24$2,865,287$1,018,344$250,713$1,596,231
25$2,979,899$1,060,750$260,741$1,658,407
26$3,099,095$1,104,853$271,171$1,723,071
27$3,223,058$1,150,719$282,018$1,790,321
28$3,351,981$1,198,421$293,298$1,860,262
29$3,486,060$1,248,030$305,030$1,933,000
30$3,625,502$1,299,624$317,231$2,008,647
Total$65,200,000$22,869,634$5,705,001$36,625,367

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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.