Vermont Lottery

VTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 2, 2026 is estimated to be $65 Million, with a cash option of 29.4 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 Feb 2, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 2, 2026	$65,000,000	$29,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,400,000
Federal Tax(24%)	$7,056,000
Additional Federal Tax	$3,782,330
State Tax(6%)	$1,764,000
Net Lumpsum Payment	$16,797,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$978,315	-$322,307 -$58,699	$597,309
2	$1,027,260	-$340,417 -$61,636	$625,207
3	$1,078,610	-$359,416 -$64,717	$654,477
4	$1,132,560	-$379,378 -$67,954	$685,228
5	$1,189,175	-$400,325 -$71,351	$717,499
6	$1,248,650	-$422,331 -$74,919	$751,400
7	$1,311,050	-$445,419 -$78,663	$786,968
8	$1,376,635	-$469,685 -$82,598	$824,352
9	$1,445,470	-$495,154 -$86,728	$863,588
10	$1,517,750	-$521,898 -$91,065	$904,787
11	$1,593,605	-$549,964 -$95,616	$948,025
12	$1,673,295	-$579,450 -$100,398	$993,447
13	$1,756,950	-$610,402 -$105,417	$1,041,131
14	$1,844,830	-$642,917 -$110,690	$1,091,223
15	$1,937,065	-$677,044 -$116,224	$1,143,797
16	$2,033,915	-$712,879 -$122,035	$1,199,001
17	$2,135,575	-$750,493 -$128,135	$1,256,947
18	$2,242,370	-$790,007 -$134,542	$1,317,821
19	$2,354,495	-$831,494 -$141,270	$1,381,731
20	$2,472,210	-$875,048 -$148,333	$1,448,829
21	$2,595,840	-$920,791 -$155,750	$1,519,299
22	$2,725,645	-$968,819 -$163,539	$1,593,287
23	$2,861,885	-$1,019,228 -$171,713	$1,670,944
24	$3,005,015	-$1,072,186 -$180,301	$1,752,528
25	$3,155,230	-$1,127,765 -$189,314	$1,838,151
26	$3,313,050	-$1,186,159 -$198,783	$1,928,108
27	$3,478,670	-$1,247,438 -$208,720	$2,022,512
28	$3,652,610	-$1,311,796 -$219,157	$2,121,657
29	$3,835,260	-$1,379,377 -$230,116	$2,225,767
30	$4,027,010	-$1,450,324 -$241,621	$2,335,065