Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 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 Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(6%)	$5,958,000
Net Lumpsum Payment	$56,640,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$194,158	$1,884,170
2	$3,397,860	-$1,217,539 -$203,872	$1,976,449
3	$3,567,710	-$1,280,383 -$214,063	$2,073,264
4	$3,746,160	-$1,346,410 -$224,770	$2,174,980
5	$3,933,425	-$1,415,698 -$236,006	$2,281,721
6	$4,130,150	-$1,488,486 -$247,809	$2,393,855
7	$4,336,550	-$1,564,854 -$260,193	$2,511,503
8	$4,553,485	-$1,645,120 -$273,209	$2,635,156
9	$4,781,170	-$1,729,363 -$286,870	$2,764,937
10	$5,020,250	-$1,817,823 -$301,215	$2,901,212
11	$5,271,155	-$1,910,658 -$316,269	$3,044,228
12	$5,534,745	-$2,008,186 -$332,085	$3,194,474
13	$5,811,450	-$2,110,567 -$348,687	$3,352,196
14	$6,102,130	-$2,218,118 -$366,128	$3,517,884
15	$6,407,215	-$2,331,000 -$384,433	$3,691,782
16	$6,727,565	-$2,449,529 -$403,654	$3,874,382
17	$7,063,825	-$2,573,946 -$423,830	$4,066,049
18	$7,417,070	-$2,704,646 -$445,024	$4,267,400
19	$7,787,945	-$2,841,870 -$467,277	$4,478,798
20	$8,177,310	-$2,985,935 -$490,639	$4,700,736
21	$8,586,240	-$3,137,239 -$515,174	$4,933,827
22	$9,015,595	-$3,296,101 -$540,936	$5,178,558
23	$9,466,235	-$3,462,837 -$567,974	$5,435,424
24	$9,939,665	-$3,638,006 -$596,380	$5,705,279
25	$10,436,530	-$3,821,846 -$626,192	$5,988,492
26	$10,958,550	-$4,014,994 -$657,513	$6,286,043
27	$11,506,370	-$4,217,687 -$690,382	$6,598,301
28	$12,081,710	-$4,430,563 -$724,903	$6,926,244
29	$12,685,860	-$4,654,099 -$761,152	$7,270,609
30	$13,320,110	-$4,888,771 -$799,207	$7,632,132