USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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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 $78,400,000 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, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$103,253$681,980
2$1,239,034$416,630$108,415$713,988
3$1,300,986$439,553$113,836$747,597
4$1,366,035$463,621$119,528$782,886
5$1,434,337$488,892$125,504$819,940
6$1,506,054$515,428$131,780$858,846
7$1,581,356$543,290$138,369$899,698
8$1,660,424$572,545$145,287$942,592
9$1,743,445$603,263$152,551$987,631
10$1,830,618$635,516$160,179$1,034,922
11$1,922,149$669,383$168,188$1,084,578
12$2,018,256$704,942$176,597$1,136,716
13$2,119,169$742,280$185,427$1,191,461
14$2,225,127$781,485$194,699$1,248,944
15$2,336,384$822,650$204,434$1,309,300
16$2,453,203$865,873$214,655$1,372,675
17$2,575,863$911,257$225,388$1,439,218
18$2,704,656$958,911$236,657$1,509,088
19$2,839,889$1,008,947$248,490$1,582,452
20$2,981,883$1,061,485$260,915$1,659,484
21$3,130,978$1,116,649$273,961$1,740,368
22$3,287,526$1,174,573$287,659$1,825,295
23$3,451,903$1,235,392$302,041$1,914,469
24$3,624,498$1,299,252$317,144$2,008,102
25$3,805,723$1,366,305$333,001$2,106,417
26$3,996,009$1,436,711$349,651$2,209,647
27$4,195,809$1,510,637$367,133$2,318,039
28$4,405,600$1,588,260$385,490$2,431,850
29$4,625,880$1,669,763$404,764$2,551,352
30$4,857,174$1,755,342$425,003$2,676,829
Total$78,400,000$27,753,635$6,859,999$43,786,364

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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.