USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Feb 5, 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 $214,800,000 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:Mon, Feb 5, 2024
Jackpot:$214,800,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,233,048$1,154,416$282,892$1,795,741
2$3,394,701$1,214,227$297,036$1,883,437
3$3,564,436$1,277,029$311,888$1,975,519
4$3,742,658$1,342,971$327,483$2,072,204
5$3,929,790$1,412,210$343,857$2,173,723
6$4,126,280$1,484,911$361,049$2,280,319
7$4,332,594$1,561,248$379,102$2,392,244
8$4,549,224$1,641,400$398,057$2,509,766
9$4,776,685$1,725,561$417,960$2,633,164
10$5,015,519$1,813,930$438,858$2,762,731
11$5,266,295$1,906,717$460,801$2,898,777
12$5,529,610$2,004,143$483,841$3,041,626
13$5,806,090$2,106,441$508,033$3,191,616
14$6,096,395$2,213,854$533,435$3,349,106
15$6,401,214$2,326,637$560,106$3,514,471
16$6,721,275$2,445,060$588,112$3,688,104
17$7,057,339$2,569,403$617,517$3,870,419
18$7,410,206$2,699,964$648,393$4,061,849
19$7,780,716$2,837,053$680,813$4,262,851
20$8,169,752$2,980,996$714,853$4,473,903
21$8,578,239$3,132,136$750,596$4,695,507
22$9,007,151$3,290,834$788,126$4,928,192
23$9,457,509$3,457,466$827,532$5,172,511
24$9,930,384$3,632,430$868,909$5,429,046
25$10,426,904$3,816,142$912,354$5,698,407
26$10,948,249$4,009,040$957,972$5,981,237
27$11,495,661$4,211,582$1,005,870$6,278,209
28$12,070,444$4,424,252$1,056,164$6,590,028
29$12,673,967$4,647,555$1,108,972$6,917,439
30$13,307,665$4,882,024$1,164,421$7,261,221
Total$214,800,000$78,221,632$18,795,002$117,783,367

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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.