Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 14, 2025 is estimated to be $248 Million, with a cash option of 112.4 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 Jul 14, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 14, 2025	$248,000,000	$112,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$112,400,000
Federal Tax(24%)	$26,976,000
Additional Federal Tax	$14,572,330
State Tax(6%)	$6,744,000
Net Lumpsum Payment	$64,107,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,732,648	-$1,341,410 -$223,959	$2,167,279
2	$3,919,392	-$1,410,505 -$235,164	$2,273,723
3	$4,115,312	-$1,482,996 -$246,919	$2,385,397
4	$4,321,152	-$1,559,157 -$259,269	$2,502,726
5	$4,537,160	-$1,639,080 -$272,230	$2,625,850
6	$4,764,080	-$1,723,040 -$285,845	$2,755,195
7	$5,002,160	-$1,811,130 -$300,130	$2,890,900
8	$5,252,392	-$1,903,715 -$315,144	$3,033,533
9	$5,515,024	-$2,000,889 -$330,901	$3,183,234
10	$5,790,800	-$2,102,926 -$347,448	$3,340,426
11	$6,080,216	-$2,210,010 -$364,813	$3,505,393
12	$6,384,264	-$2,322,508 -$383,056	$3,678,700
13	$6,703,440	-$2,440,603 -$402,206	$3,860,631
14	$7,038,736	-$2,564,663 -$422,324	$4,051,749
15	$7,390,648	-$2,694,870 -$443,439	$4,252,339
16	$7,760,168	-$2,831,593 -$465,610	$4,462,965
17	$8,148,040	-$2,975,105 -$488,882	$4,684,053
18	$8,555,504	-$3,125,867 -$513,330	$4,916,307
19	$8,983,304	-$3,284,153 -$538,998	$5,160,153
20	$9,432,432	-$3,450,330 -$565,946	$5,416,156
21	$9,904,128	-$3,624,858 -$594,248	$5,685,022
22	$10,399,384	-$3,808,102 -$623,963	$5,967,319
23	$10,919,192	-$4,000,431 -$655,152	$6,263,609
24	$11,465,288	-$4,202,487 -$687,917	$6,574,884
25	$12,038,416	-$4,414,544 -$722,305	$6,901,567
26	$12,640,560	-$4,637,338 -$758,434	$7,244,788
27	$13,272,464	-$4,871,142 -$796,348	$7,604,974
28	$13,936,112	-$5,116,692 -$836,167	$7,983,253
29	$14,632,992	-$5,374,537 -$877,980	$8,380,475
30	$15,364,592	-$5,645,229 -$921,876	$8,797,487