Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 May 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(6%)	$5,460,000
Net Lumpsum Payment	$51,909,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$186,933	$1,815,538
2	$3,271,428	-$1,170,759 -$196,286	$1,904,383
3	$3,434,958	-$1,231,265 -$206,097	$1,997,596
4	$3,606,768	-$1,294,835 -$216,406	$2,095,527
5	$3,787,065	-$1,361,544 -$227,224	$2,198,297
6	$3,976,470	-$1,431,624 -$238,588	$2,306,258
7	$4,175,190	-$1,505,151 -$250,511	$2,419,528
8	$4,384,053	-$1,582,430 -$263,043	$2,538,580
9	$4,603,266	-$1,663,539 -$276,196	$2,663,531
10	$4,833,450	-$1,748,707 -$290,007	$2,794,736
11	$5,075,019	-$1,838,087 -$304,501	$2,932,431
12	$5,328,801	-$1,931,987 -$319,728	$3,077,086
13	$5,595,210	-$2,030,558 -$335,713	$3,228,939
14	$5,875,074	-$2,134,108 -$352,504	$3,388,462
15	$6,168,807	-$2,242,789 -$370,128	$3,555,890
16	$6,477,237	-$2,356,908 -$388,634	$3,731,695
17	$6,800,985	-$2,476,695 -$408,059	$3,916,231
18	$7,141,086	-$2,602,532 -$428,465	$4,110,089
19	$7,498,161	-$2,734,650 -$449,890	$4,313,621
20	$7,873,038	-$2,873,354 -$472,382	$4,527,302
21	$8,266,752	-$3,019,029 -$496,005	$4,751,718
22	$8,680,131	-$3,171,979 -$520,808	$4,987,344
23	$9,114,003	-$3,332,511 -$546,840	$5,234,652
24	$9,569,817	-$3,501,163 -$574,189	$5,494,465
25	$10,048,194	-$3,678,162 -$602,892	$5,767,140
26	$10,550,790	-$3,864,123 -$633,047	$6,053,620
27	$11,078,226	-$4,059,274 -$664,694	$6,354,258
28	$11,632,158	-$4,264,229 -$697,929	$6,670,000
29	$12,213,828	-$4,479,447 -$732,830	$7,001,551
30	$12,824,478	-$4,705,387 -$769,469	$7,349,622