Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 10, 2026 is estimated to be $124 Million, with a cash option of 56 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 Jan 10, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 10, 2026	$124,000,000	$56,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$56,000,000
Federal Tax(24%)	$13,440,000
Additional Federal Tax	$7,240,330
State Tax(6%)	$3,360,000
Net Lumpsum Payment	$31,959,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,866,324	-$650,870 -$111,979	$1,103,475
2	$1,959,696	-$685,418 -$117,582	$1,156,696
3	$2,057,656	-$721,663 -$123,459	$1,212,534
4	$2,160,576	-$759,744 -$129,635	$1,271,197
5	$2,268,580	-$799,705 -$136,115	$1,332,760
6	$2,382,040	-$841,685 -$142,922	$1,397,433
7	$2,501,080	-$885,730 -$150,065	$1,465,285
8	$2,626,196	-$932,023 -$157,572	$1,536,601
9	$2,757,512	-$980,610 -$165,451	$1,611,451
10	$2,895,400	-$1,031,628 -$173,724	$1,690,048
11	$3,040,108	-$1,085,170 -$182,406	$1,772,532
12	$3,192,132	-$1,141,419 -$191,528	$1,859,185
13	$3,351,720	-$1,200,467 -$201,103	$1,950,150
14	$3,519,368	-$1,262,497 -$211,162	$2,045,709
15	$3,695,324	-$1,327,600 -$221,719	$2,146,005
16	$3,880,084	-$1,395,961 -$232,805	$2,251,318
17	$4,074,020	-$1,467,718 -$244,441	$2,361,861
18	$4,277,752	-$1,543,099 -$256,665	$2,477,988
19	$4,491,652	-$1,622,242 -$269,499	$2,599,911
20	$4,716,216	-$1,705,330 -$282,973	$2,727,913
21	$4,952,064	-$1,792,594 -$297,124	$2,862,346
22	$5,199,692	-$1,884,216 -$311,982	$3,003,494
23	$5,459,596	-$1,980,381 -$327,576	$3,151,639
24	$5,732,644	-$2,081,409 -$343,959	$3,307,276
25	$6,019,208	-$2,187,437 -$361,152	$3,470,619
26	$6,320,280	-$2,298,834 -$379,217	$3,642,229
27	$6,636,232	-$2,415,736 -$398,174	$3,822,322
28	$6,968,056	-$2,538,511 -$418,083	$4,011,462
29	$7,316,496	-$2,667,434 -$438,990	$4,210,072
30	$7,682,296	-$2,802,780 -$460,938	$4,418,578