Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 7, 2026 is estimated to be $105 Million, with a cash option of 47.4 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 Wed Jan 7, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 7, 2026	$105,000,000	$47,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$47,400,000
Federal Tax(24%)	$11,376,000
Additional Federal Tax	$6,122,330
State Tax(6%)	$2,844,000
Net Lumpsum Payment	$27,057,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,580,355	-$545,062 -$94,821	$940,472
2	$1,659,420	-$574,316 -$99,565	$985,539
3	$1,742,370	-$605,007 -$104,542	$1,032,821
4	$1,829,520	-$637,253 -$109,771	$1,082,496
5	$1,920,975	-$671,091 -$115,259	$1,134,625
6	$2,017,050	-$706,639 -$121,023	$1,189,388
7	$2,117,850	-$743,935 -$127,071	$1,246,844
8	$2,223,795	-$783,135 -$133,428	$1,307,232
9	$2,334,990	-$824,277 -$140,099	$1,370,614
10	$2,451,750	-$867,478 -$147,105	$1,437,167
11	$2,574,285	-$912,816 -$154,457	$1,507,012
12	$2,703,015	-$960,446 -$162,181	$1,580,388
13	$2,838,150	-$1,010,446 -$170,289	$1,657,415
14	$2,980,110	-$1,062,971 -$178,807	$1,738,332
15	$3,129,105	-$1,118,099 -$187,746	$1,823,260
16	$3,285,555	-$1,175,986 -$197,133	$1,912,436
17	$3,449,775	-$1,236,747 -$206,987	$2,006,041
18	$3,622,290	-$1,300,578 -$217,337	$2,104,375
19	$3,803,415	-$1,367,594 -$228,205	$2,207,616
20	$3,993,570	-$1,437,951 -$239,614	$2,316,005
21	$4,193,280	-$1,511,844 -$251,597	$2,429,839
22	$4,402,965	-$1,589,427 -$264,178	$2,549,360
23	$4,623,045	-$1,670,857 -$277,383	$2,674,805
24	$4,854,255	-$1,756,405 -$291,255	$2,806,595
25	$5,096,910	-$1,846,187 -$305,815	$2,944,908
26	$5,351,850	-$1,940,515 -$321,111	$3,090,224
27	$5,619,390	-$2,039,505 -$337,163	$3,242,722
28	$5,900,370	-$2,143,467 -$354,022	$3,402,881
29	$6,195,420	-$2,252,636 -$371,725	$3,571,059
30	$6,505,170	-$2,367,243 -$390,310	$3,747,617