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Vermont Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$428,552$2,694,067
2$5,142,624$1,865,726$449,980$2,826,918
3$5,399,755$1,960,864$472,479$2,966,412
4$5,669,743$2,060,760$496,103$3,112,881
5$5,953,230$2,165,650$520,908$3,266,672
6$6,250,891$2,275,785$546,953$3,428,154
7$6,563,436$2,391,426$574,301$3,597,709
8$6,891,608$2,512,850$603,016$3,775,742
9$7,236,188$2,640,345$633,166$3,962,677
10$7,597,998$2,774,214$664,825$4,158,959
11$7,977,898$2,914,777$698,066$4,365,054
12$8,376,792$3,062,368$732,969$4,581,455
13$8,795,632$3,217,339$769,618$4,808,675
14$9,235,414$3,380,058$808,099$5,047,257
15$9,697,184$3,550,913$848,504$5,297,767
16$10,182,044$3,730,311$890,929$5,560,804
17$10,691,146$3,918,679$935,475$5,836,991
18$11,225,703$4,116,465$982,249$6,126,989
19$11,786,988$4,324,141$1,031,361$6,431,486
20$12,376,337$4,542,200$1,082,930$6,751,208
21$12,995,154$4,771,162$1,137,076$7,086,916
22$13,644,912$5,011,572$1,193,930$7,439,410
23$14,327,158$5,264,003$1,253,626$7,809,528
24$15,043,515$5,529,056$1,316,308$8,198,152
25$15,795,691$5,807,361$1,382,123$8,606,207
26$16,585,476$6,099,581$1,451,229$9,034,666
27$17,414,750$6,406,412$1,523,791$9,484,547
28$18,285,487$6,728,585$1,599,980$9,956,922
29$19,199,761$7,066,867$1,679,979$10,452,916
30$20,159,750$7,422,062$1,763,978$10,973,709
Total$325,400,001$119,286,650$28,472,503$177,640,850

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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.