Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 21, 2026 is estimated to be $120 Million, with a cash option of 54.6 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 Sat Mar 21, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 21, 2026	$120,000,000	$54,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$54,600,000
Federal Tax(24%)	$13,104,000
Additional Federal Tax	$7,058,330
State Tax(6%)	$3,276,000
Net Lumpsum Payment	$31,161,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,806,120	-$628,595 -$108,367	$1,069,158
2	$1,896,480	-$662,028 -$113,789	$1,120,663
3	$1,991,280	-$697,104 -$119,477	$1,174,699
4	$2,090,880	-$733,956 -$125,453	$1,231,471
5	$2,195,400	-$772,628 -$131,724	$1,291,048
6	$2,305,200	-$813,254 -$138,312	$1,353,634
7	$2,420,400	-$855,878 -$145,224	$1,419,298
8	$2,541,480	-$900,678 -$152,489	$1,488,313
9	$2,668,560	-$947,698 -$160,114	$1,560,748
10	$2,802,000	-$997,070 -$168,120	$1,636,810
11	$2,942,040	-$1,048,885 -$176,522	$1,716,633
12	$3,089,160	-$1,103,320 -$185,350	$1,800,490
13	$3,243,600	-$1,160,462 -$194,616	$1,888,522
14	$3,405,840	-$1,220,491 -$204,350	$1,980,999
15	$3,576,120	-$1,283,495 -$214,567	$2,078,058
16	$3,754,920	-$1,349,651 -$225,295	$2,179,974
17	$3,942,600	-$1,419,092 -$236,556	$2,286,952
18	$4,139,760	-$1,492,042 -$248,386	$2,399,332
19	$4,346,760	-$1,568,632 -$260,806	$2,517,322
20	$4,564,080	-$1,649,040 -$273,845	$2,641,195
21	$4,792,320	-$1,733,489 -$287,539	$2,771,292
22	$5,031,960	-$1,822,156 -$301,918	$2,907,886
23	$5,283,480	-$1,915,218 -$317,009	$3,051,253
24	$5,547,720	-$2,012,987 -$332,863	$3,201,870
25	$5,825,040	-$2,115,595 -$349,502	$3,359,943
26	$6,116,400	-$2,223,398 -$366,984	$3,526,018
27	$6,422,160	-$2,336,530 -$385,330	$3,700,300
28	$6,743,280	-$2,455,344 -$404,597	$3,883,339
29	$7,080,480	-$2,580,108 -$424,829	$4,075,543
30	$7,434,480	-$2,711,088 -$446,069	$4,277,323