Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 19, 2025 is estimated to be $131 Million, with a cash option of 58.6 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 Apr 19, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 19, 2025	$131,000,000	$58,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$58,600,000
Federal Tax(24%)	$14,064,000
Additional Federal Tax	$7,578,330
State Tax(6%)	$3,516,000
Net Lumpsum Payment	$33,441,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,971,681	-$689,852 -$118,301	$1,163,528
2	$2,070,324	-$726,350 -$124,219	$1,219,755
3	$2,173,814	-$764,642 -$130,429	$1,278,743
4	$2,282,544	-$804,872 -$136,953	$1,340,719
5	$2,396,645	-$847,089 -$143,799	$1,405,757
6	$2,516,510	-$891,439 -$150,991	$1,474,080
7	$2,642,270	-$937,970 -$158,536	$1,545,764
8	$2,774,449	-$986,877 -$166,467	$1,621,105
9	$2,913,178	-$1,038,206 -$174,791	$1,700,181
10	$3,058,850	-$1,092,105 -$183,531	$1,783,214
11	$3,211,727	-$1,148,669 -$192,704	$1,870,354
12	$3,372,333	-$1,208,094 -$202,340	$1,961,899
13	$3,540,930	-$1,270,474 -$212,456	$2,058,000
14	$3,718,042	-$1,336,006 -$223,083	$2,158,953
15	$3,903,931	-$1,404,785 -$234,236	$2,264,910
16	$4,099,121	-$1,477,005 -$245,947	$2,376,169
17	$4,304,005	-$1,552,812 -$258,240	$2,492,953
18	$4,519,238	-$1,632,448 -$271,154	$2,615,636
19	$4,745,213	-$1,716,059 -$284,713	$2,744,441
20	$4,982,454	-$1,803,838 -$298,947	$2,879,669
21	$5,231,616	-$1,896,028 -$313,897	$3,021,691
22	$5,493,223	-$1,992,823 -$329,593	$3,170,807
23	$5,767,799	-$2,094,416 -$346,068	$3,327,315
24	$6,056,261	-$2,201,147 -$363,376	$3,491,738
25	$6,359,002	-$2,313,161 -$381,540	$3,664,301
26	$6,677,070	-$2,430,846 -$400,624	$3,845,600
27	$7,010,858	-$2,554,348 -$420,651	$4,035,859
28	$7,361,414	-$2,684,054 -$441,685	$4,235,675
29	$7,729,524	-$2,820,254 -$463,771	$4,445,499
30	$8,115,974	-$2,963,241 -$486,958	$4,665,775