USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Mar 4, 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 $462,700,000 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 money, as well as deductions claimed.

State:

Vermont

Drawing Date:Mon, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$609,376$3,819,944
2$7,312,514$2,663,818$639,845$4,008,851
3$7,678,140$2,799,099$671,837$4,207,203
4$8,062,047$2,941,145$705,429$4,415,473
5$8,465,149$3,090,293$740,701$4,634,155
6$8,888,406$3,246,898$777,736$4,863,773
7$9,332,827$3,411,334$816,622$5,104,871
8$9,799,468$3,583,991$857,453$5,358,024
9$10,289,442$3,765,281$900,326$5,623,834
10$10,803,914$3,955,636$945,342$5,902,935
11$11,344,109$4,155,508$992,610$6,195,992
12$11,911,315$4,365,374$1,042,240$6,503,701
13$12,506,880$4,585,734$1,094,352$6,826,795
14$13,132,225$4,817,111$1,149,070$7,166,044
15$13,788,836$5,060,057$1,206,523$7,522,256
16$14,478,278$5,315,150$1,266,849$7,896,278
17$15,202,191$5,582,999$1,330,192$8,289,001
18$15,962,301$5,864,239$1,396,701$8,701,361
19$16,760,416$6,159,542$1,466,536$9,134,338
20$17,598,437$6,469,609$1,539,863$9,588,964
21$18,478,359$6,795,180$1,616,856$10,066,322
22$19,402,276$7,137,030$1,697,699$10,567,547
23$20,372,390$7,495,972$1,782,584$11,093,834
24$21,391,010$7,872,861$1,871,713$11,646,435
25$22,460,560$8,268,595$1,965,299$12,226,666
26$23,583,589$8,684,116$2,063,564$12,835,909
27$24,762,768$9,120,412$2,166,742$13,475,614
28$26,000,906$9,578,523$2,275,079$14,147,304
29$27,300,951$10,059,540$2,388,833$14,852,578
30$28,665,999$10,564,607$2,508,275$15,593,117
Total$462,700,001$169,944,632$40,486,247$252,269,119

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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.