Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(6%)	$12,732,000
Net Lumpsum Payment	$120,993,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$431,663	$4,140,465
2	$7,554,312	-$2,755,426 -$453,259	$4,345,627
3	$7,931,932	-$2,895,145 -$475,916	$4,560,871
4	$8,328,672	-$3,041,939 -$499,720	$4,787,013
5	$8,745,010	-$3,195,984 -$524,701	$5,024,325
6	$9,182,380	-$3,357,811 -$550,943	$5,273,626
7	$9,641,260	-$3,527,597 -$578,476	$5,535,187
8	$10,123,562	-$3,706,048 -$607,414	$5,810,100
9	$10,629,764	-$3,893,343 -$637,786	$6,098,635
10	$11,161,300	-$4,090,011 -$669,678	$6,401,611
11	$11,719,126	-$4,296,407 -$703,148	$6,719,571
12	$12,305,154	-$4,513,237 -$738,309	$7,053,608
13	$12,920,340	-$4,740,856 -$775,220	$7,404,264
14	$13,566,596	-$4,979,971 -$813,996	$7,772,629
15	$14,244,878	-$5,230,935 -$854,693	$8,159,250
16	$14,957,098	-$5,494,457 -$897,426	$8,565,215
17	$15,704,690	-$5,771,066 -$942,281	$8,991,343
18	$16,490,044	-$6,061,647 -$989,403	$9,438,994
19	$17,314,594	-$6,366,730 -$1,038,876	$9,908,988
20	$18,180,252	-$6,687,024 -$1,090,815	$10,402,413
21	$19,089,408	-$7,023,411 -$1,145,364	$10,920,633
22	$20,043,974	-$7,376,601 -$1,202,638	$11,464,735
23	$21,045,862	-$7,747,299 -$1,262,752	$12,035,811
24	$22,098,418	-$8,136,745 -$1,325,905	$12,635,768
25	$23,203,076	-$8,545,469 -$1,392,185	$13,265,422
26	$24,363,660	-$8,974,885 -$1,461,820	$13,926,955
27	$25,581,604	-$9,425,524 -$1,534,896	$14,621,184
28	$26,860,732	-$9,898,801 -$1,611,644	$15,350,287
29	$28,203,912	-$10,395,778 -$1,692,235	$16,115,899
30	$29,614,012	-$10,917,515 -$1,776,841	$16,919,656