Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Mon Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(6%)	$17,682,000
Net Lumpsum Payment	$168,018,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$620,402	$5,933,491
2	$10,857,348	-$3,977,549 -$651,441	$6,228,358
3	$11,400,078	-$4,178,359 -$684,005	$6,537,714
4	$11,970,288	-$4,389,337 -$718,217	$6,862,734
5	$12,568,665	-$4,610,736 -$754,120	$7,203,809
6	$13,197,270	-$4,843,320 -$791,836	$7,562,114
7	$13,856,790	-$5,087,343 -$831,407	$7,938,040
8	$14,549,973	-$5,343,820 -$872,998	$8,333,155
9	$15,277,506	-$5,613,008 -$916,650	$8,747,848
10	$16,041,450	-$5,895,667 -$962,487	$9,183,296
11	$16,843,179	-$6,192,307 -$1,010,591	$9,640,281
12	$17,685,441	-$6,503,944 -$1,061,126	$10,120,371
13	$18,569,610	-$6,831,086 -$1,114,177	$10,624,347
14	$19,498,434	-$7,174,751 -$1,169,906	$11,153,777
15	$20,473,287	-$7,535,447 -$1,228,397	$11,709,443
16	$21,496,917	-$7,914,190 -$1,289,815	$12,292,912
17	$22,571,385	-$8,311,743 -$1,354,283	$12,905,359
18	$23,700,126	-$8,729,377 -$1,422,008	$13,548,741
19	$24,885,201	-$9,167,855 -$1,493,112	$14,224,234
20	$26,129,358	-$9,628,193 -$1,567,761	$14,933,404
21	$27,436,032	-$10,111,662 -$1,646,162	$15,678,208
22	$28,807,971	-$10,619,280 -$1,728,478	$16,460,213
23	$30,247,923	-$11,152,062 -$1,814,875	$17,280,986
24	$31,760,697	-$11,711,788 -$1,905,642	$18,143,267
25	$33,348,354	-$12,299,221 -$2,000,901	$19,048,232
26	$35,016,390	-$12,916,395 -$2,100,983	$19,999,012
27	$36,766,866	-$13,564,071 -$2,206,012	$20,996,783
28	$38,605,278	-$14,244,283 -$2,316,317	$22,044,678
29	$40,535,748	-$14,958,557 -$2,432,145	$23,145,046
30	$42,562,398	-$15,708,418 -$2,553,744	$24,300,236