Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(6%)	$9,438,000
Net Lumpsum Payment	$89,700,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$302,525	$2,913,658
2	$5,294,340	-$1,919,236 -$317,660	$3,057,444
3	$5,558,990	-$2,017,157 -$333,539	$3,208,294
4	$5,837,040	-$2,120,035 -$350,222	$3,366,783
5	$6,128,825	-$2,227,996 -$367,730	$3,533,099
6	$6,435,350	-$2,341,410 -$386,121	$3,707,819
7	$6,756,950	-$2,460,402 -$405,417	$3,891,131
8	$7,094,965	-$2,585,467 -$425,698	$4,083,800
9	$7,449,730	-$2,716,730 -$446,984	$4,286,016
10	$7,822,250	-$2,854,563 -$469,335	$4,498,352
11	$8,213,195	-$2,999,213 -$492,792	$4,721,190
12	$8,623,905	-$3,151,175 -$517,434	$4,955,296
13	$9,055,050	-$3,310,699 -$543,303	$5,201,048
14	$9,507,970	-$3,478,279 -$570,478	$5,459,213
15	$9,983,335	-$3,654,164 -$599,000	$5,730,171
16	$10,482,485	-$3,838,850 -$628,949	$6,014,686
17	$11,006,425	-$4,032,708 -$660,386	$6,313,331
18	$11,556,830	-$4,236,357 -$693,410	$6,627,063
19	$12,134,705	-$4,450,171 -$728,082	$6,956,452
20	$12,741,390	-$4,674,645 -$764,483	$7,302,262
21	$13,378,560	-$4,910,398 -$802,714	$7,665,448
22	$14,047,555	-$5,157,926 -$842,853	$8,046,776
23	$14,749,715	-$5,417,725 -$884,983	$8,447,007
24	$15,487,385	-$5,690,663 -$929,243	$8,867,479
25	$16,261,570	-$5,977,111 -$975,694	$9,308,765
26	$17,074,950	-$6,278,062 -$1,024,497	$9,772,391
27	$17,928,530	-$6,593,886 -$1,075,712	$10,258,932
28	$18,824,990	-$6,925,577 -$1,129,499	$10,769,914
29	$19,766,340	-$7,273,876 -$1,185,980	$11,306,484
30	$20,754,590	-$7,639,529 -$1,245,275	$11,869,786