USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $32,200,000 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, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$42,407$298,866
2$508,889$151,864$44,528$312,497
3$534,333$160,770$46,754$326,810
4$561,050$170,544$49,092$341,415
5$589,103$180,923$51,546$356,633
6$618,558$191,821$54,124$372,613
7$649,486$203,265$56,830$389,391
8$681,960$215,280$59,671$407,008
9$716,058$227,896$62,655$425,506
10$751,861$241,144$65,788$444,930
11$789,454$255,053$69,077$465,324
12$828,927$269,658$72,531$486,738
13$870,373$284,993$76,158$509,222
14$913,892$301,095$79,966$532,831
15$959,586$318,002$83,964$557,620
16$1,007,565$335,754$88,162$583,649
17$1,057,944$354,394$92,570$610,979
18$1,110,841$373,966$97,199$639,676
19$1,166,383$394,517$102,059$669,808
20$1,224,702$416,095$107,161$701,446
21$1,285,937$438,752$112,520$734,666
22$1,350,234$462,542$118,145$769,547
23$1,417,746$487,521$124,053$806,172
24$1,488,633$513,749$130,255$844,628
25$1,563,065$541,289$136,768$885,008
26$1,641,218$570,206$143,607$927,406
27$1,723,279$600,568$150,787$971,924
28$1,809,443$632,449$158,326$1,018,668
29$1,899,915$665,924$166,243$1,067,749
30$1,994,911$701,072$174,555$1,119,284
Total$32,200,000$10,804,489$2,817,501$18,578,014

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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.