USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Nov 14, 2022

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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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$82,839$555,416
2$994,072$325,994$86,981$581,096
3$1,043,776$344,385$91,330$608,061
4$1,095,964$363,695$95,897$636,373
5$1,150,763$383,970$100,692$666,101
6$1,208,301$405,259$105,726$697,315
7$1,268,716$427,613$111,013$730,091
8$1,332,152$451,084$116,563$764,505
9$1,398,759$475,729$122,391$800,639
10$1,468,697$501,606$128,511$838,580
11$1,542,132$528,777$134,937$878,419
12$1,619,239$557,306$141,683$920,249
13$1,700,201$587,262$148,768$964,171
14$1,785,211$618,716$156,206$1,010,289
15$1,874,471$651,742$164,016$1,058,713
16$1,968,195$686,420$172,217$1,109,558
17$2,066,604$722,831$180,828$1,162,945
18$2,169,935$761,064$189,869$1,219,002
19$2,278,431$801,207$199,363$1,277,861
20$2,392,353$843,358$209,331$1,339,664
21$2,511,971$887,617$219,797$1,404,556
22$2,637,569$934,088$230,787$1,472,693
23$2,769,447$982,883$242,327$1,544,238
24$2,907,920$1,034,118$254,443$1,619,359
25$3,053,316$1,087,915$267,165$1,698,236
26$3,205,982$1,144,401$280,523$1,781,057
27$3,366,281$1,203,712$294,550$1,868,020
28$3,534,595$1,265,988$309,277$1,959,330
29$3,711,324$1,331,378$324,741$2,055,206
30$3,896,891$1,400,037$340,978$2,155,875
Total$62,900,000$22,018,635$5,503,749$35,377,618

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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.