Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 4, 2026 is estimated to be $396 Million, with a cash option of 180.2 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 Jul 4, 2026

Draw Date	Jackpot	Cash Option
Sat Jul 4, 2026	$396,000,000	$180,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$180,200,000
Federal Tax(24%)	$43,248,000
Additional Federal Tax	$23,386,330
State Tax(6%)	$10,812,000
Net Lumpsum Payment	$102,753,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,960,196	-$2,165,603 -$357,612	$3,436,981
2	$6,258,384	-$2,275,932 -$375,503	$3,606,949
3	$6,571,224	-$2,391,683 -$394,273	$3,785,268
4	$6,899,904	-$2,513,295 -$413,994	$3,972,615
5	$7,244,820	-$2,640,914 -$434,689	$4,169,217
6	$7,607,160	-$2,774,980 -$456,430	$4,375,750
7	$7,987,320	-$2,915,639 -$479,239	$4,592,442
8	$8,386,884	-$3,063,477 -$503,213	$4,820,194
9	$8,806,248	-$3,218,642 -$528,375	$5,059,231
10	$9,246,600	-$3,381,572 -$554,796	$5,310,232
11	$9,708,732	-$3,552,561 -$582,524	$5,573,647
12	$10,194,228	-$3,732,195 -$611,654	$5,850,379
13	$10,703,880	-$3,920,766 -$642,233	$6,140,881
14	$11,239,272	-$4,118,861 -$674,356	$6,446,055
15	$11,801,196	-$4,326,773 -$708,072	$6,766,351
16	$12,391,236	-$4,545,088 -$743,474	$7,102,674
17	$13,010,580	-$4,774,245 -$780,635	$7,455,700
18	$13,661,208	-$5,014,977 -$819,672	$7,826,559
19	$14,344,308	-$5,267,724 -$860,658	$8,215,926
20	$15,061,464	-$5,533,072 -$903,688	$8,624,704
21	$15,814,656	-$5,811,753 -$948,879	$9,054,024
22	$16,605,468	-$6,104,354 -$996,328	$9,504,786
23	$17,435,484	-$6,411,459 -$1,046,129	$9,977,896
24	$18,307,476	-$6,734,097 -$1,098,449	$10,474,930
25	$19,222,632	-$7,072,704 -$1,153,358	$10,996,570
26	$20,184,120	-$7,428,455 -$1,211,047	$11,544,618
27	$21,193,128	-$7,801,788 -$1,271,588	$12,119,752
28	$22,252,824	-$8,193,875 -$1,335,169	$12,723,780
29	$23,365,584	-$8,605,596 -$1,401,935	$13,358,053
30	$24,533,784	-$9,037,830 -$1,472,027	$14,023,927