Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(6%)	$2,382,000
Net Lumpsum Payment	$22,668,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$78,566	$786,049
2	$1,374,948	-$469,061 -$82,497	$823,390
3	$1,443,678	-$494,491 -$86,621	$862,566
4	$1,515,888	-$521,209 -$90,953	$903,726
5	$1,591,665	-$549,246 -$95,500	$946,919
6	$1,671,270	-$578,700 -$100,276	$992,294
7	$1,754,790	-$609,603 -$105,287	$1,039,900
8	$1,842,573	-$642,082 -$110,554	$1,089,937
9	$1,934,706	-$676,172 -$116,082	$1,142,452
10	$2,031,450	-$711,967 -$121,887	$1,197,596
11	$2,132,979	-$749,533 -$127,979	$1,255,467
12	$2,239,641	-$788,998 -$134,378	$1,316,265
13	$2,351,610	-$830,426 -$141,097	$1,380,087
14	$2,469,234	-$873,947 -$148,154	$1,447,133
15	$2,592,687	-$919,625 -$155,561	$1,517,501
16	$2,722,317	-$967,588 -$163,339	$1,591,390
17	$2,858,385	-$1,017,933 -$171,503	$1,668,949
18	$3,001,326	-$1,070,821 -$180,080	$1,750,425
19	$3,151,401	-$1,126,349 -$189,084	$1,835,968
20	$3,308,958	-$1,184,645 -$198,537	$1,925,776
21	$3,474,432	-$1,245,870 -$208,466	$2,020,096
22	$3,648,171	-$1,310,154 -$218,890	$2,119,127
23	$3,830,523	-$1,377,624 -$229,831	$2,223,068
24	$4,022,097	-$1,448,506 -$241,326	$2,332,265
25	$4,223,154	-$1,522,897 -$253,389	$2,446,868
26	$4,434,390	-$1,601,055 -$266,063	$2,567,272
27	$4,656,066	-$1,683,075 -$279,364	$2,693,627
28	$4,888,878	-$1,769,215 -$293,333	$2,826,330
29	$5,133,348	-$1,859,669 -$308,001	$2,965,678
30	$5,389,998	-$1,954,630 -$323,400	$3,111,968