USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Nov 5, 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 $1,656,800,000 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:Sat, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,184,958$2,182,007$13,570,253
2$26,184,079$9,646,297$2,291,107$14,246,675
3$27,493,282$10,130,702$2,405,662$14,956,918
4$28,867,947$10,639,328$2,525,945$15,702,674
5$30,311,343$11,173,385$2,652,243$16,485,716
6$31,826,911$11,734,145$2,784,855$17,307,911
7$33,418,257$12,322,943$2,924,098$18,171,217
8$35,089,170$12,941,181$3,070,302$19,077,687
9$36,843,628$13,590,330$3,223,817$20,029,481
10$38,685,809$14,271,937$3,385,008$21,028,864
11$40,620,100$14,987,625$3,554,259$22,078,217
12$42,651,105$15,739,097$3,731,972$23,180,037
13$44,783,660$16,528,142$3,918,570$24,336,948
14$47,022,844$17,356,640$4,114,499$25,551,705
15$49,373,985$18,226,562$4,320,224$26,827,199
16$51,842,685$19,139,981$4,536,235$28,166,469
17$54,434,818$20,099,071$4,763,047$29,572,701
18$57,156,560$21,106,115$5,001,199$31,049,246
19$60,014,387$22,163,511$5,251,259$32,599,617
20$63,015,107$23,273,777$5,513,822$34,227,508
21$66,165,862$24,439,557$5,789,513$35,936,792
22$69,474,155$25,663,625$6,078,989$37,731,542
23$72,947,864$26,948,897$6,382,938$39,616,028
24$76,595,256$28,298,432$6,702,085$41,594,738
25$80,425,018$29,715,445$7,037,189$43,672,385
26$84,446,271$31,203,308$7,389,049$45,853,914
27$88,668,584$32,765,564$7,758,501$48,144,519
28$93,102,012$34,405,932$8,146,426$50,549,654
29$97,757,113$36,128,320$8,553,747$53,075,046
30$102,644,970$37,936,827$8,981,435$55,726,708
Total$1,656,800,003$611,761,634$144,970,002$900,068,369

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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.