USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$60,187$410,204
2$722,243$230,185$63,196$428,862
3$758,355$243,546$66,356$448,453
4$796,273$257,576$69,674$469,023
5$836,087$272,307$73,158$490,622
6$877,891$287,775$76,815$513,301
7$921,786$304,016$80,656$537,114
8$967,875$321,069$84,689$562,117
9$1,016,269$338,974$88,924$588,371
10$1,067,082$357,775$93,370$615,937
11$1,120,436$377,516$98,038$644,882
12$1,176,458$398,244$102,940$675,273
13$1,235,281$420,009$108,087$707,185
14$1,297,045$442,862$113,491$740,692
15$1,361,897$466,857$119,166$775,874
16$1,429,992$492,052$125,124$812,816
17$1,501,492$518,507$131,381$851,604
18$1,576,566$546,284$137,950$892,332
19$1,655,394$575,451$144,847$935,096
20$1,738,164$606,076$152,089$979,999
21$1,825,072$638,232$159,694$1,027,147
22$1,916,326$671,996$167,679$1,076,652
23$2,012,142$707,448$176,062$1,128,632
24$2,112,749$744,672$184,866$1,183,212
25$2,218,387$783,758$194,109$1,240,520
26$2,329,306$824,798$203,814$1,300,694
27$2,445,772$867,890$214,005$1,363,876
28$2,568,060$913,137$224,705$1,430,218
29$2,696,463$960,646$235,941$1,499,876
30$2,831,286$1,010,531$247,738$1,573,018
Total$45,700,000$15,797,649$3,998,751$25,903,602

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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.