Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(6%)	$4,626,000
Net Lumpsum Payment	$43,986,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$151,714	$1,480,953
2	$2,655,072	-$942,707 -$159,304	$1,553,061
3	$2,787,792	-$991,813 -$167,268	$1,628,711
4	$2,927,232	-$1,043,406 -$175,634	$1,708,192
5	$3,073,560	-$1,097,548 -$184,414	$1,791,598
6	$3,227,280	-$1,154,424 -$193,637	$1,879,219
7	$3,388,560	-$1,214,098 -$203,314	$1,971,148
8	$3,558,072	-$1,276,817 -$213,484	$2,067,771
9	$3,735,984	-$1,342,644 -$224,159	$2,169,181
10	$3,922,800	-$1,411,766 -$235,368	$2,275,666
11	$4,118,856	-$1,484,307 -$247,131	$2,387,418
12	$4,324,824	-$1,560,515 -$259,489	$2,504,820
13	$4,541,040	-$1,640,515 -$272,462	$2,628,063
14	$4,768,176	-$1,724,556 -$286,091	$2,757,529
15	$5,006,568	-$1,812,761 -$300,394	$2,893,413
16	$5,256,888	-$1,905,379 -$315,413	$3,036,096
17	$5,519,640	-$2,002,597 -$331,178	$3,185,865
18	$5,795,664	-$2,104,726 -$347,740	$3,343,198
19	$6,085,464	-$2,211,952 -$365,128	$3,508,384
20	$6,389,712	-$2,324,524 -$383,383	$3,681,805
21	$6,709,248	-$2,442,752 -$402,555	$3,863,941
22	$7,044,744	-$2,566,886 -$422,685	$4,055,173
23	$7,396,872	-$2,697,173 -$443,812	$4,255,887
24	$7,766,808	-$2,834,049 -$466,008	$4,466,751
25	$8,155,056	-$2,977,701 -$489,303	$4,688,052
26	$8,562,960	-$3,128,626 -$513,778	$4,920,556
27	$8,991,024	-$3,287,009 -$539,461	$5,164,554
28	$9,440,592	-$3,453,349 -$566,436	$5,420,807
29	$9,912,672	-$3,628,019 -$594,760	$5,689,893
30	$10,408,272	-$3,811,391 -$624,496	$5,972,385