USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $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 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$2,452,000$589,753$3,698,280
2$7,077,034$2,576,690$619,241$3,881,103
3$7,430,886$2,707,616$650,203$4,073,068
4$7,802,430$2,845,087$682,713$4,274,631
5$8,192,552$2,989,432$716,848$4,486,271
6$8,602,179$3,140,994$752,691$4,708,495
7$9,032,289$3,300,135$790,325$4,941,829
8$9,483,903$3,467,232$829,842$5,186,830
9$9,958,098$3,642,684$871,334$5,444,080
10$10,456,003$3,826,909$914,900$5,714,194
11$10,978,803$4,020,345$960,645$5,997,813
12$11,527,743$4,223,453$1,008,678$6,295,613
13$12,104,130$4,436,716$1,059,111$6,608,303
14$12,709,337$4,660,642$1,112,067$6,936,628
15$13,344,804$4,895,765$1,167,670$7,281,368
16$14,012,044$5,142,644$1,226,054$7,643,346
17$14,712,646$5,401,867$1,287,357$8,023,423
18$15,448,278$5,674,051$1,351,724$8,422,503
19$16,220,692$5,959,844$1,419,311$8,841,538
20$17,031,727$6,259,927$1,490,276$9,281,524
21$17,883,313$6,575,014$1,564,790$9,743,510
22$18,777,479$6,905,855$1,643,029$10,228,594
23$19,716,353$7,253,238$1,725,181$10,737,934
24$20,702,170$7,617,991$1,811,440$11,272,740
25$21,737,279$8,000,981$1,902,012$11,834,286
26$22,824,143$8,403,121$1,997,113$12,423,910
27$23,965,350$8,825,367$2,096,968$13,043,015
28$25,163,617$9,268,726$2,201,817$13,693,075
29$26,421,798$9,734,253$2,311,907$14,375,638
30$27,742,888$10,223,056$2,427,503$15,092,329
Total$447,800,001$164,431,635$39,182,503$244,185,871

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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.