USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$833,135$5,202,479
2$9,997,615$3,662,072$874,791$5,460,751
3$10,497,495$3,847,028$918,531$5,731,936
4$11,022,371$4,041,232$964,457$6,016,681
5$11,573,488$4,245,146$1,012,680$6,315,663
6$12,152,163$4,459,255$1,063,314$6,629,593
7$12,759,772$4,684,071$1,116,480$6,959,221
8$13,397,760$4,920,126$1,172,304$7,305,330
9$14,067,648$5,167,985$1,230,919$7,668,744
10$14,771,030$5,428,236$1,292,465$8,050,329
11$15,509,582$5,701,500$1,357,088$8,450,993
12$16,285,061$5,988,428$1,424,943$8,871,691
13$17,099,314$6,289,701$1,496,190$9,313,423
14$17,954,280$6,606,039$1,570,999$9,777,242
15$18,851,994$6,938,193$1,649,549$10,264,252
16$19,794,594$7,286,955$1,732,027$10,775,612
17$20,784,323$7,653,154$1,818,628$11,312,540
18$21,823,539$8,037,664$1,909,560$11,876,315
19$22,914,716$8,441,400$2,005,038$12,468,278
20$24,060,452$8,865,322$2,105,290$13,089,840
21$25,263,474$9,310,441$2,210,554$13,742,480
22$26,526,648$9,777,815$2,321,082$14,427,752
23$27,852,981$10,268,558$2,437,136$15,147,287
24$29,245,629$10,783,838$2,558,993$15,902,799
25$30,707,911$11,324,882$2,686,942$16,696,087
26$32,243,307$11,892,979$2,821,289$17,529,039
27$33,855,472$12,489,480$2,962,354$18,403,639
28$35,548,245$13,115,806$3,110,471$19,321,968
29$37,325,658$13,773,448$3,265,995$20,286,214
30$39,191,941$14,463,973$3,429,295$21,298,673
Total$632,600,001$232,950,651$55,352,499$344,296,851

◄ Back to Jackpot Analysis

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.