Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(6%)	$29,904,000
Net Lumpsum Payment	$284,127,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$993,366	$9,476,647
2	$17,384,400	-$6,392,558 -$1,043,064	$9,948,778
3	$18,253,400	-$6,714,088 -$1,095,204	$10,444,108
4	$19,166,400	-$7,051,898 -$1,149,984	$10,964,518
5	$20,124,500	-$7,406,395 -$1,207,470	$11,510,635
6	$21,131,000	-$7,778,800 -$1,267,860	$12,084,340
7	$22,187,000	-$8,169,520 -$1,331,220	$12,686,260
8	$23,296,900	-$8,580,183 -$1,397,814	$13,318,903
9	$24,461,800	-$9,011,196 -$1,467,708	$13,982,896
10	$25,685,000	-$9,463,780 -$1,541,100	$14,680,120
11	$26,968,700	-$9,938,749 -$1,618,122	$15,411,829
12	$28,317,300	-$10,437,731 -$1,699,038	$16,180,531
13	$29,733,000	-$10,961,540 -$1,783,980	$16,987,480
14	$31,220,200	-$11,511,804 -$1,873,212	$17,835,184
15	$32,781,100	-$12,089,337 -$1,966,866	$18,724,897
16	$34,420,100	-$12,695,767 -$2,065,206	$19,659,127
17	$36,140,500	-$13,332,315 -$2,168,430	$20,639,755
18	$37,947,800	-$14,001,016 -$2,276,868	$21,669,916
19	$39,845,300	-$14,703,091 -$2,390,718	$22,751,491
20	$41,837,400	-$15,440,168 -$2,510,244	$23,886,988
21	$43,929,600	-$16,214,282 -$2,635,776	$25,079,542
22	$46,126,300	-$17,027,061 -$2,767,578	$26,331,661
23	$48,431,900	-$17,880,133 -$2,905,914	$27,645,853
24	$50,854,100	-$18,776,347 -$3,051,246	$29,026,507
25	$53,396,200	-$19,716,924 -$3,203,772	$30,475,504
26	$56,067,000	-$20,705,120 -$3,364,020	$31,997,860
27	$58,869,800	-$21,742,156 -$3,532,188	$33,595,456
28	$61,813,400	-$22,831,288 -$3,708,804	$35,273,308
29	$64,904,400	-$23,974,958 -$3,894,264	$37,035,178
30	$68,149,400	-$25,175,608 -$4,088,964	$38,884,828