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Vermont Powerball Jackpot Annuity Payout Schedule for Jan 30, 2021

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The tax information provided here is based on 2021 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 $30,000,000 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 prize money, as well as deductions claimed.

Vermont

Federal Filing Status:

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $451,543 $132,584 $39,510 $279,449
2 $474,120 $140,486 $41,486 $292,148
3 $497,826 $148,783 $43,560 $305,483
4 $522,718 $157,495 $45,738 $319,484
5 $548,853 $167,148 $48,025 $333,681
6 $576,296 $177,302 $50,426 $348,568
7 $605,111 $187,963 $52,947 $364,200
8 $635,366 $199,158 $55,595 $380,614
9 $667,135 $210,912 $58,374 $397,848
10 $700,491 $223,254 $61,293 $415,944
11 $735,516 $236,213 $64,358 $434,945
12 $772,292 $249,820 $67,576 $454,896
13 $810,906 $264,108 $70,954 $475,844
14 $851,452 $279,109 $74,502 $497,840
15 $894,024 $294,861 $78,227 $520,936
16 $938,726 $311,401 $82,138 $545,186
17 $985,662 $328,767 $86,245 $570,649
18 $1,034,945 $347,002 $90,558 $597,385
19 $1,086,692 $366,148 $95,086 $625,458
20 $1,141,027 $386,252 $99,840 $654,935
21 $1,198,078 $407,361 $104,832 $685,885
22 $1,257,982 $429,526 $110,073 $718,383
23 $1,320,881 $452,798 $115,577 $752,506
24 $1,386,925 $477,235 $121,356 $788,335
25 $1,456,271 $502,893 $127,424 $825,955
26 $1,529,085 $529,834 $133,795 $865,456
27 $1,605,539 $558,122 $140,485 $906,933
28 $1,685,816 $587,824 $147,509 $950,483
29 $1,770,107 $619,012 $154,884 $996,211
30 $1,858,612 $651,759 $162,629 $1,044,225
Total $30,000,000 $10,025,130 $2,625,002 $17,349,865

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.

Powerball annuity chart shows the annual net payout a Vermont jackpot winner would get after federal and state taxes.

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Welcome to the Club COME ON, DON’T BE SHY! For Everyone Ages 18+ can come redeem tickets for a chance to win prizes, it’s easy! Winners Check back often and check as we update winners