Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(6%)	$14,562,000
Net Lumpsum Payment	$138,378,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$465,076	$4,457,891
2	$8,139,060	-$2,971,783 -$488,344	$4,678,933
3	$8,545,910	-$3,122,317 -$512,755	$4,910,838
4	$8,973,360	-$3,280,474 -$538,402	$5,154,484
5	$9,421,925	-$3,446,443 -$565,316	$5,410,166
6	$9,893,150	-$3,620,796 -$593,589	$5,678,765
7	$10,387,550	-$3,803,724 -$623,253	$5,960,573
8	$10,907,185	-$3,995,989 -$654,431	$6,256,765
9	$11,452,570	-$4,197,781 -$687,154	$6,567,635
10	$12,025,250	-$4,409,673 -$721,515	$6,894,062
11	$12,626,255	-$4,632,045 -$757,575	$7,236,635
12	$13,257,645	-$4,865,659 -$795,459	$7,596,527
13	$13,920,450	-$5,110,897 -$835,227	$7,974,326
14	$14,616,730	-$5,368,520 -$877,004	$8,371,206
15	$15,347,515	-$5,638,911 -$920,851	$8,787,753
16	$16,114,865	-$5,922,830 -$966,892	$9,225,143
17	$16,920,325	-$6,220,851 -$1,015,220	$9,684,254
18	$17,766,470	-$6,533,924 -$1,065,988	$10,166,558
19	$18,654,845	-$6,862,623 -$1,119,291	$10,672,931
20	$19,587,510	-$7,207,709 -$1,175,251	$11,204,550
21	$20,567,040	-$7,570,135 -$1,234,022	$11,762,883
22	$21,595,495	-$7,950,664 -$1,295,730	$12,349,101
23	$22,674,935	-$8,350,056 -$1,360,496	$12,964,383
24	$23,808,965	-$8,769,647 -$1,428,538	$13,610,780
25	$24,999,130	-$9,210,008 -$1,499,948	$14,289,174
26	$26,249,550	-$9,672,664 -$1,574,973	$15,001,913
27	$27,561,770	-$10,158,185 -$1,653,706	$15,749,879
28	$28,939,910	-$10,668,097 -$1,736,395	$16,535,418
29	$30,387,060	-$11,203,543 -$1,823,224	$17,360,293
30	$31,906,310	-$11,765,665 -$1,914,379	$18,226,266