Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 5, 2026 is estimated to be $786 Million, with a cash option of 341.6 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 Wed Aug 5, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 5, 2026	$786,000,000	$341,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$341,600,000
Federal Tax(24%)	$81,984,000
Additional Federal Tax	$44,368,330
State Tax(6%)	$20,496,000
Net Lumpsum Payment	$194,751,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,830,086	-$4,337,462 -$709,805	$6,782,819
2	$12,421,944	-$4,556,450 -$745,317	$7,120,177
3	$13,042,884	-$4,786,197 -$782,573	$7,474,114
4	$13,695,264	-$5,027,578 -$821,716	$7,845,970
5	$14,379,870	-$5,280,882 -$862,792	$8,236,196
6	$15,099,060	-$5,546,983 -$905,944	$8,646,133
7	$15,853,620	-$5,826,170 -$951,217	$9,076,233
8	$16,646,694	-$6,119,607 -$998,802	$9,528,285
9	$17,479,068	-$6,427,586 -$1,048,744	$10,002,738
10	$18,353,100	-$6,750,977 -$1,101,186	$10,500,937
11	$19,270,362	-$7,090,364 -$1,156,222	$11,023,776
12	$20,233,998	-$7,446,910 -$1,214,040	$11,573,048
13	$21,245,580	-$7,821,195 -$1,274,735	$12,149,650
14	$22,308,252	-$8,214,384 -$1,338,495	$12,755,373
15	$23,423,586	-$8,627,057 -$1,405,415	$13,391,114
16	$24,594,726	-$9,060,379 -$1,475,684	$14,058,663
17	$25,824,030	-$9,515,221 -$1,549,442	$14,759,367
18	$27,115,428	-$9,993,039 -$1,626,926	$15,495,463
19	$28,471,278	-$10,494,703 -$1,708,277	$16,268,298
20	$29,894,724	-$11,021,378 -$1,793,683	$17,079,663
21	$31,389,696	-$11,574,518 -$1,883,382	$17,931,796
22	$32,959,338	-$12,155,285 -$1,977,560	$18,826,493
23	$34,606,794	-$12,764,844 -$2,076,408	$19,765,542
24	$36,337,566	-$13,405,230 -$2,180,254	$20,752,082
25	$38,154,012	-$14,077,315 -$2,289,241	$21,787,456
26	$40,062,420	-$14,783,426 -$2,403,745	$22,875,249
27	$42,065,148	-$15,524,435 -$2,523,909	$24,016,804
28	$44,168,484	-$16,302,669 -$2,650,109	$25,215,706
29	$46,377,144	-$17,119,874 -$2,782,629	$26,474,641
30	$48,695,844	-$17,977,793 -$2,921,751	$27,796,300