USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Vermont

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$589,753$3,693,513
2$7,077,034$2,581,458$619,241$3,876,336
3$7,430,886$2,712,383$650,203$4,068,301
4$7,802,430$2,849,854$682,713$4,269,864
5$8,192,552$2,994,199$716,848$4,481,504
6$8,602,179$3,145,761$752,691$4,703,727
7$9,032,289$3,304,902$790,325$4,937,062
8$9,483,903$3,471,999$829,842$5,182,062
9$9,958,098$3,647,451$871,334$5,439,313
10$10,456,003$3,831,676$914,900$5,709,427
11$10,978,803$4,025,112$960,645$5,993,046
12$11,527,743$4,228,220$1,008,678$6,290,846
13$12,104,130$4,441,483$1,059,111$6,603,536
14$12,709,337$4,665,410$1,112,067$6,931,860
15$13,344,804$4,900,532$1,167,670$7,276,601
16$14,012,044$5,147,411$1,226,054$7,638,579
17$14,712,646$5,406,634$1,287,357$8,018,655
18$15,448,278$5,678,818$1,351,724$8,417,736
19$16,220,692$5,964,611$1,419,311$8,836,770
20$17,031,727$6,264,694$1,490,276$9,276,757
21$17,883,313$6,579,781$1,564,790$9,738,742
22$18,777,479$6,910,622$1,643,029$10,223,827
23$19,716,353$7,258,006$1,725,181$10,733,166
24$20,702,170$7,622,758$1,811,440$11,267,972
25$21,737,279$8,005,748$1,902,012$11,829,519
26$22,824,143$8,407,888$1,997,113$12,419,143
27$23,965,350$8,830,135$2,096,968$13,038,247
28$25,163,617$9,273,493$2,201,817$13,688,307
29$26,421,798$9,739,020$2,311,907$14,370,871
30$27,742,888$10,227,824$2,427,503$15,087,562
Total$447,800,001$164,574,650$39,182,503$244,042,851

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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.