Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 21, 2025 is estimated to be $118 Million, with a cash option of 53.4 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 Sat Jun 21, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 21, 2025	$118,000,000	$53,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,400,000
Federal Tax(24%)	$12,816,000
Additional Federal Tax	$6,902,330
State Tax(6%)	$3,204,000
Net Lumpsum Payment	$30,477,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,776,018	-$617,457 -$106,561	$1,052,000
2	$1,864,872	-$650,333 -$111,892	$1,102,647
3	$1,958,092	-$684,824 -$117,486	$1,155,782
4	$2,056,032	-$721,062 -$123,362	$1,211,608
5	$2,158,810	-$759,090 -$129,529	$1,270,191
6	$2,266,780	-$799,039 -$136,007	$1,331,734
7	$2,380,060	-$840,953 -$142,804	$1,396,303
8	$2,499,122	-$885,006 -$149,947	$1,464,169
9	$2,624,084	-$931,241 -$157,445	$1,535,398
10	$2,755,300	-$979,791 -$165,318	$1,610,191
11	$2,893,006	-$1,030,743 -$173,580	$1,688,683
12	$3,037,674	-$1,084,270 -$182,260	$1,771,144
13	$3,189,540	-$1,140,460 -$191,372	$1,857,708
14	$3,349,076	-$1,199,489 -$200,945	$1,948,642
15	$3,516,518	-$1,261,442 -$210,991	$2,044,085
16	$3,692,338	-$1,326,495 -$221,540	$2,144,303
17	$3,876,890	-$1,394,780 -$232,613	$2,249,497
18	$4,070,764	-$1,466,513 -$244,246	$2,360,005
19	$4,274,314	-$1,541,827 -$256,459	$2,476,028
20	$4,488,012	-$1,620,895 -$269,281	$2,597,836
21	$4,712,448	-$1,703,936 -$282,747	$2,725,765
22	$4,948,094	-$1,791,125 -$296,886	$2,860,083
23	$5,195,422	-$1,882,637 -$311,725	$3,001,060
24	$5,455,258	-$1,978,776 -$327,315	$3,149,167
25	$5,727,956	-$2,079,674 -$343,677	$3,304,605
26	$6,014,460	-$2,185,681 -$360,868	$3,467,911
27	$6,315,124	-$2,296,926 -$378,907	$3,639,291
28	$6,630,892	-$2,413,760 -$397,854	$3,819,278
29	$6,962,472	-$2,536,445 -$417,748	$4,008,279
30	$7,310,572	-$2,665,242 -$438,634	$4,206,696