Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 10, 2025 is estimated to be $82 Million, with a cash option of 37.7 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 Sat May 10, 2025

Draw Date	Jackpot	Cash Option
Sat May 10, 2025	$82,000,000	$37,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$37,700,000
Federal Tax(24%)	$9,048,000
Additional Federal Tax	$4,861,330
State Tax(6%)	$2,262,000
Net Lumpsum Payment	$21,528,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,234,182	-$416,978 -$74,051	$743,153
2	$1,295,928	-$439,824 -$77,756	$778,348
3	$1,360,708	-$463,792 -$81,642	$815,274
4	$1,428,768	-$488,975 -$85,726	$854,067
5	$1,500,190	-$515,401 -$90,011	$894,778
6	$1,575,220	-$543,162 -$94,513	$937,545
7	$1,653,940	-$572,288 -$99,236	$982,416
8	$1,736,678	-$602,901 -$104,201	$1,029,576
9	$1,823,516	-$635,031 -$109,411	$1,079,074
10	$1,914,700	-$668,769 -$114,882	$1,131,049
11	$2,010,394	-$704,176 -$120,624	$1,185,594
12	$2,110,926	-$741,373 -$126,656	$1,242,897
13	$2,216,460	-$780,421 -$132,988	$1,303,051
14	$2,327,324	-$821,440 -$139,639	$1,366,245
15	$2,443,682	-$864,493 -$146,621	$1,432,568
16	$2,565,862	-$909,699 -$153,952	$1,502,211
17	$2,694,110	-$957,151 -$161,647	$1,575,312
18	$2,828,836	-$1,007,000 -$169,730	$1,652,106
19	$2,970,286	-$1,059,336 -$178,217	$1,732,733
20	$3,118,788	-$1,114,282 -$187,127	$1,817,379
21	$3,274,752	-$1,171,989 -$196,485	$1,906,278
22	$3,438,506	-$1,232,578 -$206,310	$1,999,618
23	$3,610,378	-$1,296,170 -$216,623	$2,097,585
24	$3,790,942	-$1,362,979 -$227,457	$2,200,506
25	$3,980,444	-$1,433,095 -$238,827	$2,308,522
26	$4,179,540	-$1,506,760 -$250,772	$2,422,008
27	$4,388,476	-$1,584,067 -$263,309	$2,541,100
28	$4,607,908	-$1,665,256 -$276,474	$2,666,178
29	$4,838,328	-$1,750,512 -$290,300	$2,797,516
30	$5,080,228	-$1,840,015 -$304,814	$2,935,399