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Vermont Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,550,931$376,662$2,377,118
2$4,519,946$1,630,568$395,495$2,493,883
3$4,745,943$1,714,187$415,270$2,616,486
4$4,983,241$1,801,987$436,034$2,745,220
5$5,232,402$1,894,177$457,835$2,880,391
6$5,494,023$1,990,976$480,727$3,022,319
7$5,768,724$2,092,616$504,763$3,171,345
8$6,057,160$2,199,337$530,001$3,327,822
9$6,360,018$2,311,394$556,502$3,492,122
10$6,678,019$2,429,055$584,327$3,664,637
11$7,011,920$2,552,598$613,543$3,845,779
12$7,362,516$2,682,319$644,220$4,035,977
13$7,730,641$2,818,525$676,431$4,235,685
14$8,117,174$2,961,542$710,253$4,445,379
15$8,523,032$3,111,710$745,765$4,665,557
16$8,949,184$3,269,386$783,054$4,896,745
17$9,396,643$3,434,946$822,206$5,139,491
18$9,866,475$3,608,784$863,317$5,394,375
19$10,359,799$3,791,313$906,482$5,662,003
20$10,877,789$3,982,970$951,807$5,943,013
21$11,421,678$4,184,209$999,397$6,238,073
22$11,992,762$4,395,510$1,049,367$6,547,886
23$12,592,400$4,617,376$1,101,835$6,873,189
24$13,222,020$4,850,335$1,156,927$7,214,758
25$13,883,121$5,094,943$1,214,773$7,573,406
26$14,577,278$5,351,780$1,275,512$7,949,985
27$15,306,141$5,621,460$1,339,287$8,345,394
28$16,071,448$5,904,624$1,406,252$8,760,573
29$16,875,021$6,201,945$1,476,564$9,196,511
30$17,718,772$6,514,133$1,550,393$9,654,246
Total$286,000,001$104,565,636$25,025,001$156,409,368

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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.