USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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 prize money, as well as deductions claimed.

State:

Vermont

Drawing Date:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$122,349$795,611
2$1,468,192$506,186$128,467$833,539
3$1,541,602$533,348$134,890$873,364
4$1,618,682$561,867$141,635$915,180
5$1,699,616$591,813$148,716$959,087
6$1,784,597$623,256$156,152$1,005,189
7$1,873,827$656,271$163,960$1,053,596
8$1,967,518$690,937$172,158$1,104,424
9$2,065,894$727,336$180,766$1,157,792
10$2,169,189$765,555$189,804$1,213,830
11$2,277,648$805,685$199,294$1,272,669
12$2,391,530$847,821$209,259$1,334,450
13$2,511,107$892,065$219,722$1,399,321
14$2,636,662$938,520$230,708$1,467,434
15$2,768,495$987,298$242,243$1,538,954
16$2,906,920$1,038,515$254,356$1,614,049
17$3,052,266$1,092,293$267,073$1,692,899
18$3,204,880$1,148,760$280,427$1,775,692
19$3,365,123$1,208,051$294,448$1,862,624
20$3,533,380$1,270,305$309,171$1,953,903
21$3,710,049$1,335,673$324,629$2,049,746
22$3,895,551$1,404,309$340,861$2,150,381
23$4,090,329$1,476,377$357,904$2,256,048
24$4,294,845$1,552,048$375,799$2,366,998
25$4,509,587$1,631,502$394,589$2,483,496
26$4,735,067$1,714,930$414,318$2,605,819
27$4,971,820$1,802,528$435,034$2,734,257
28$5,220,411$1,894,507$456,786$2,869,118
29$5,481,432$1,991,085$479,625$3,010,722
30$5,755,503$2,092,491$503,607$3,159,405
Total$92,900,000$33,261,650$8,128,750$51,509,597

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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.