Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Vermont, your state will take 6% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Vermont Powerball Jackpot/Cash Option for Mon Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(6%)	$2,088,000
Net Lumpsum Payment	$19,875,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$73,148	$734,574
2	$1,280,124	-$433,976 -$76,807	$769,341
3	$1,344,114	-$457,653 -$80,647	$805,814
4	$1,411,344	-$482,528 -$84,681	$844,135
5	$1,481,895	-$508,632 -$88,914	$884,349
6	$1,556,010	-$536,054 -$93,361	$926,595
7	$1,633,770	-$564,825 -$98,026	$970,919
8	$1,715,499	-$595,065 -$102,930	$1,017,504
9	$1,801,278	-$626,803 -$108,077	$1,066,398
10	$1,891,350	-$660,130 -$113,481	$1,117,739
11	$1,985,877	-$695,105 -$119,153	$1,171,619
12	$2,085,183	-$731,848 -$125,111	$1,228,224
13	$2,189,430	-$770,419 -$131,366	$1,287,645
14	$2,298,942	-$810,939 -$137,937	$1,350,066
15	$2,413,881	-$853,466 -$144,833	$1,415,582
16	$2,534,571	-$898,122 -$152,074	$1,484,375
17	$2,661,255	-$944,995 -$159,675	$1,556,585
18	$2,794,338	-$994,235 -$167,660	$1,632,443
19	$2,934,063	-$1,045,934 -$176,044	$1,712,085
20	$3,080,754	-$1,100,209 -$184,845	$1,795,700
21	$3,234,816	-$1,157,212 -$194,089	$1,883,515
22	$3,396,573	-$1,217,062 -$203,794	$1,975,717
23	$3,566,349	-$1,279,880 -$213,981	$2,072,488
24	$3,744,711	-$1,345,873 -$224,683	$2,174,155
25	$3,931,902	-$1,415,134 -$235,914	$2,280,854
26	$4,128,570	-$1,487,901 -$247,714	$2,392,955
27	$4,334,958	-$1,564,265 -$260,097	$2,510,596
28	$4,551,714	-$1,644,465 -$273,103	$2,634,146
29	$4,779,324	-$1,728,680 -$286,759	$2,763,885
30	$5,018,274	-$1,817,092 -$301,096	$2,900,086