Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 23, 2025 is estimated to be $700 Million, with a cash option of 316.3 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 Aug 23, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 23, 2025	$700,000,000	$316,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$316,300,000
Federal Tax(24%)	$75,912,000
Additional Federal Tax	$41,079,330
State Tax(6%)	$18,978,000
Net Lumpsum Payment	$180,330,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,535,700	-$3,858,539 -$632,142	$6,045,019
2	$11,062,800	-$4,053,566 -$663,768	$6,345,466
3	$11,615,800	-$4,258,176 -$696,948	$6,660,676
4	$12,196,800	-$4,473,146 -$731,808	$6,991,846
5	$12,806,500	-$4,698,735 -$768,390	$7,339,375
6	$13,447,000	-$4,935,720 -$806,820	$7,704,460
7	$14,119,000	-$5,184,360 -$847,140	$8,087,500
8	$14,825,300	-$5,445,691 -$889,518	$8,490,091
9	$15,566,600	-$5,719,972 -$933,996	$8,912,632
10	$16,345,000	-$6,007,980 -$980,700	$9,356,320
11	$17,161,900	-$6,310,233 -$1,029,714	$9,821,953
12	$18,020,100	-$6,627,767 -$1,081,206	$10,311,127
13	$18,921,000	-$6,961,100 -$1,135,260	$10,824,640
14	$19,867,400	-$7,311,268 -$1,192,044	$11,364,088
15	$20,860,700	-$7,678,789 -$1,251,642	$11,930,269
16	$21,903,700	-$8,064,699 -$1,314,222	$12,524,779
17	$22,998,500	-$8,469,775 -$1,379,910	$13,148,815
18	$24,148,600	-$8,895,312 -$1,448,916	$13,804,372
19	$25,356,100	-$9,342,087 -$1,521,366	$14,492,647
20	$26,623,800	-$9,811,136 -$1,597,428	$15,215,236
21	$27,955,200	-$10,303,754 -$1,677,312	$15,974,134
22	$29,353,100	-$10,820,977 -$1,761,186	$16,770,937
23	$30,820,300	-$11,363,841 -$1,849,218	$17,607,241
24	$32,361,700	-$11,934,159 -$1,941,702	$18,485,839
25	$33,979,400	-$12,532,708 -$2,038,764	$19,407,928
26	$35,679,000	-$13,161,560 -$2,140,740	$20,376,700
27	$37,462,600	-$13,821,492 -$2,247,756	$21,393,352
28	$39,335,800	-$14,514,576 -$2,360,148	$22,461,076
29	$41,302,800	-$15,242,366 -$2,478,168	$23,582,266
30	$43,367,800	-$16,006,416 -$2,602,068	$24,759,316