USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Sep 19, 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 $211,500,000 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, Sep 19, 2015
Jackpot:$211,500,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,771,066$1,352,315$329,968$2,088,783
2$3,921,909$1,408,126$343,167$2,170,615
3$4,078,785$1,466,171$356,894$2,255,721
4$4,241,936$1,526,537$371,169$2,344,230
5$4,411,614$1,589,317$386,016$2,436,280
6$4,588,078$1,654,609$401,457$2,532,012
7$4,771,601$1,722,513$417,515$2,631,574
8$4,962,466$1,793,133$434,216$2,735,117
9$5,160,964$1,866,577$451,584$2,842,803
10$5,367,403$1,942,959$469,648$2,954,796
11$5,582,099$2,022,397$488,434$3,071,268
12$5,805,383$2,105,012$507,971$3,192,400
13$6,037,598$2,190,932$528,290$3,318,377
14$6,279,102$2,280,288$549,421$3,449,393
15$6,530,266$2,373,219$571,398$3,585,649
16$6,791,477$2,469,867$594,254$3,727,356
17$7,063,136$2,570,381$618,024$3,874,731
18$7,345,661$2,674,915$642,745$4,028,001
19$7,639,488$2,783,631$668,455$4,187,402
20$7,945,067$2,896,695$695,193$4,353,179
21$8,262,870$3,014,282$723,001$4,525,587
22$8,593,385$3,136,573$751,921$4,704,891
23$8,937,120$3,263,755$781,998$4,891,367
24$9,294,605$3,396,024$813,278$5,085,303
25$9,666,389$3,533,584$845,809$5,286,996
26$10,053,045$3,676,647$879,641$5,496,756
27$10,455,166$3,825,432$914,827$5,714,908
28$10,873,373$3,980,168$951,420$5,941,785
29$11,308,308$4,141,094$989,477$6,177,737
30$11,760,640$4,308,457$1,029,056$6,423,127
Total$211,500,000$76,965,610$18,506,247$116,028,144

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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.