USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jul 11, 2020

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The tax information provided here is based on 2021 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 $78,300,000 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, Jul 11, 2020
Jackpot:$78,300,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,178,527$400,127$103,121$675,279
2$1,237,454$421,930$108,277$707,246
3$1,299,326$444,823$113,691$740,812
4$1,364,293$468,861$119,376$776,057
5$1,432,507$494,100$125,344$813,063
6$1,504,133$520,601$131,612$851,920
7$1,579,339$548,428$138,192$892,719
8$1,658,306$577,646$145,102$935,559
9$1,741,222$608,324$152,357$980,541
10$1,828,283$640,537$159,975$1,027,771
11$1,919,697$674,360$167,973$1,077,363
12$2,015,682$709,874$176,372$1,129,435
13$2,116,466$747,165$185,191$1,184,110
14$2,222,289$786,319$194,450$1,241,520
15$2,333,404$827,432$204,173$1,301,799
16$2,450,074$870,600$214,381$1,365,093
17$2,572,577$915,926$225,101$1,431,551
18$2,701,206$963,519$236,356$1,501,332
19$2,836,267$1,013,491$248,173$1,574,602
20$2,978,080$1,065,962$260,582$1,651,536
21$3,126,984$1,121,056$273,611$1,732,317
22$3,283,333$1,178,906$287,292$1,817,136
23$3,447,500$1,239,647$301,656$1,906,196
24$3,619,875$1,303,426$316,739$1,999,710
25$3,800,869$1,370,394$332,576$2,097,899
26$3,990,912$1,440,710$349,205$2,200,998
27$4,190,458$1,514,542$366,665$2,309,251
28$4,399,980$1,592,065$384,998$2,422,917
29$4,619,979$1,673,465$404,248$2,542,267
30$4,850,978$1,758,934$424,461$2,667,584
Total$78,300,000$27,893,170$6,851,250$43,555,583

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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.