Virginia Powerball Jackpot Annuity Payout Schedule for Jan 13, 2021
Media: You may freely use any information on this page, but you must credit usamega.com.
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 $550,000,000 for a ticket purchased in Virginia, 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.
Virginia
Federal Filing Status:
| Year | Gross Payment | Federal Taxes | State Taxes | Net Payment |
| 1 | $8,278,289 | $3,027,039 | $476,002 | $4,775,248 |
| 2 | $8,692,204 | $3,180,188 | $499,802 | $5,012,214 |
| 3 | $9,126,814 | $3,340,993 | $524,792 | $5,261,029 |
| 4 | $9,583,155 | $3,509,840 | $551,031 | $5,522,284 |
| 5 | $10,062,312 | $3,687,128 | $578,583 | $5,796,601 |
| 6 | $10,565,428 | $3,873,281 | $607,512 | $6,084,635 |
| 7 | $11,093,700 | $4,068,741 | $637,888 | $6,387,071 |
| 8 | $11,648,385 | $4,273,975 | $669,782 | $6,704,628 |
| 9 | $12,230,804 | $4,489,470 | $703,271 | $7,038,063 |
| 10 | $12,842,344 | $4,715,739 | $738,435 | $7,388,170 |
| 11 | $13,484,461 | $4,953,323 | $775,357 | $7,755,782 |
| 12 | $14,158,684 | $5,202,785 | $814,124 | $8,141,774 |
| 13 | $14,866,618 | $5,464,721 | $854,831 | $8,547,067 |
| 14 | $15,609,949 | $5,739,753 | $897,572 | $8,972,624 |
| 15 | $16,390,447 | $6,028,537 | $942,451 | $9,419,458 |
| 16 | $17,209,969 | $6,331,761 | $989,573 | $9,888,635 |
| 17 | $18,070,467 | $6,650,145 | $1,039,052 | $10,381,270 |
| 18 | $18,973,991 | $6,984,449 | $1,091,004 | $10,898,537 |
| 19 | $19,922,690 | $7,335,468 | $1,145,555 | $11,441,668 |
| 20 | $20,918,825 | $7,704,037 | $1,202,832 | $12,011,955 |
| 21 | $21,964,766 | $8,091,036 | $1,262,974 | $12,610,756 |
| 22 | $23,063,004 | $8,497,384 | $1,326,123 | $13,239,498 |
| 23 | $24,216,155 | $8,924,049 | $1,392,429 | $13,899,676 |
| 24 | $25,426,962 | $9,372,048 | $1,462,050 | $14,592,863 |
| 25 | $26,698,310 | $9,842,447 | $1,535,153 | $15,320,710 |
| 26 | $28,033,226 | $10,336,366 | $1,611,911 | $16,084,950 |
| 27 | $29,434,887 | $10,854,981 | $1,692,506 | $16,887,401 |
| 28 | $30,906,631 | $11,399,526 | $1,777,131 | $17,729,974 |
| 29 | $32,451,963 | $11,971,299 | $1,865,988 | $18,614,677 |
| 30 | $34,074,561 | $12,571,660 | $1,959,287 | $19,543,614 |
| Total | $550,000,001 | $202,422,169 | $31,625,001 | $315,952,832 |
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 Virginia jackpot winner would get after federal and state taxes.Va lottery payout options
Hello! We’ve developed a list of
Frequently Asked Questions to help you find the information you need.
If this section doesn’t answer your question, feel free to give us a shout!
To conduct your own search, enter a keyword relating to your question. Click “search” and view results below:
Results
Scratchers
Scratchers
- All Scratchers
- Closing Soon
- eXTRA Chances
- New Scratchers
- Promotional Scratchers
Draw Games
Draw Games
- Keno
- Mega Millions
- Powerball
- Bank a Million
- Cash4Life®
- Cash 5
- Pick 4
- Pick 3
- Raffle
Print ‘n Play
Print ‘n Play
- Rolling Jackpot
- Bingo
- Blackjack
- Crossword
Winners & News
Winners & News
- Latest Winners
- Promotional Winners
- How To Claim
- Lottery Forms
- Alerts
- Alexa
Playing Matters
Playing Matters
- Giving Back
- Lottery Performs
- Play Responsibly
- Protect Your Play
- Lottery Security
- Voluntary Exclusion Program
About Us
About Us
- About Us
- FAQ
- Contact Us
- Find a Retailer
- Community Events
- Our Programs
- Lottery Blog
- Lottery Careers
- Leadership
- Retailer Center
- Casinos and Sports Betting
- Vendor Opportunities
- Mobile App
- Customer Service
- Law and Regulations
- Gift Cards
Follow Us
Follow Us
- About Us
- Accessibility
- Media Center
- Privacy
- Sitemap
- Terms & Conditions
- Legal Disclaimer
Copyright 2021 Virginia Lottery All Rights Reserved. If you have questions, please call: 804-692-7777
Sign up for alerts
Customize your alerts by adding the ones most relevant to your gameplay below.
Thanks for subscribing
You’ll need to first sign up for a MyGameRoom account.
If you have purchased a Subscription or entered a Lottery promotion in the past year, you are already a member and may login.
We've developed a list of Frequently Asked Questions to help you find the information you need. If this section doesn't answer your question, contact us! ]]>