USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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:Sat, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,508,667$366,943$2,318,029
2$4,361,385$1,570,733$381,621$2,409,031
3$4,535,840$1,635,281$396,886$2,503,673
4$4,717,274$1,702,412$412,761$2,602,101
5$4,905,965$1,772,227$429,272$2,704,466
6$5,102,203$1,844,836$446,443$2,810,925
7$5,306,292$1,920,348$464,301$2,921,643
8$5,518,543$1,998,881$482,873$3,036,789
9$5,739,285$2,080,556$502,187$3,156,542
10$5,968,856$2,165,497$522,275$3,281,084
11$6,207,611$2,253,836$543,166$3,410,609
12$6,455,915$2,345,709$564,893$3,545,314
13$6,714,152$2,441,256$587,488$3,685,407
14$6,982,718$2,540,626$610,988$3,831,104
15$7,262,026$2,643,970$635,427$3,982,629
16$7,552,507$2,751,448$660,844$4,140,215
17$7,854,608$2,863,225$687,278$4,304,104
18$8,168,792$2,979,473$714,769$4,474,549
19$8,495,544$3,100,371$743,360$4,651,812
20$8,835,366$3,226,105$773,094$4,836,166
21$9,188,780$3,356,869$804,018$5,027,893
22$9,556,331$3,492,863$836,179$5,227,290
23$9,938,585$3,634,297$869,626$5,434,662
24$10,336,128$3,781,388$904,411$5,650,329
25$10,749,573$3,934,362$940,588$5,874,623
26$11,179,556$4,093,456$978,211$6,107,889
27$11,626,738$4,258,913$1,017,340$6,350,485
28$12,091,808$4,430,989$1,058,033$6,602,785
29$12,575,480$4,609,948$1,100,355$6,865,178
30$13,078,499$4,796,065$1,144,369$7,138,066
Total$235,200,000$85,734,607$20,579,999$128,885,392

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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.